Retail Properties of America, Inc. (NYSE:RPAI) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued on Saturday.

Other research analysts have also recently issued reports about the company. Citigroup Inc. restated a “buy” rating and issued a $15.00 price objective (down from $16.00) on shares of Retail Properties of America in a research note on Monday, July 10th. Zacks Investment Research upgraded Retail Properties of America from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Thursday, August 31st. Jefferies Group LLC restated a “hold” rating and issued a $13.00 price objective on shares of Retail Properties of America in a research note on Tuesday, June 20th. ValuEngine cut Retail Properties of America from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, KeyCorp restated a “hold” rating on shares of Retail Properties of America in a research note on Friday, August 25th. Six research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $15.75.

Retail Properties of America (RPAI) traded down 0.81% during midday trading on Friday, hitting $13.55. 765,915 shares of the stock traded hands. Retail Properties of America has a 12 month low of $11.61 and a 12 month high of $17.35. The stock has a market cap of $3.12 billion, a PE ratio of 17.15 and a beta of 0.44. The company has a 50-day moving average of $13.27 and a 200-day moving average of $13.42.

Retail Properties of America (NYSE:RPAI) last announced its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.01. Retail Properties of America had a return on equity of 9.20% and a net margin of 34.57%. The firm had revenue of $137.34 million during the quarter, compared to analysts’ expectations of $135.81 million. During the same period last year, the business posted $0.31 earnings per share. The company’s revenue for the quarter was down 6.7% compared to the same quarter last year. On average, equities research analysts anticipate that Retail Properties of America will post $0.53 earnings per share for the current year.

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In related news, Director Gerald M. Gorski sold 4,790 shares of Retail Properties of America stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $13.59, for a total transaction of $65,096.10. Following the completion of the transaction, the director now directly owns 46,907 shares in the company, valued at $637,466.13. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.41% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Retail Properties of America by 2.6% in the first quarter. Vanguard Group Inc. now owns 37,476,808 shares of the real estate investment trust’s stock valued at $540,416,000 after buying an additional 943,974 shares in the last quarter. BlackRock Inc. increased its position in shares of Retail Properties of America by 2,354.6% in the first quarter. BlackRock Inc. now owns 18,340,329 shares of the real estate investment trust’s stock valued at $264,469,000 after buying an additional 17,593,152 shares in the last quarter. State Street Corp increased its position in shares of Retail Properties of America by 1.0% in the second quarter. State Street Corp now owns 7,679,197 shares of the real estate investment trust’s stock valued at $93,762,000 after buying an additional 73,268 shares in the last quarter. AEW Capital Management L P increased its position in shares of Retail Properties of America by 8.7% in the second quarter. AEW Capital Management L P now owns 6,187,093 shares of the real estate investment trust’s stock valued at $75,544,000 after buying an additional 497,293 shares in the last quarter. Finally, Prudential Financial Inc. increased its position in shares of Retail Properties of America by 9.4% in the second quarter. Prudential Financial Inc. now owns 4,774,697 shares of the real estate investment trust’s stock valued at $58,299,000 after buying an additional 411,257 shares in the last quarter. Institutional investors own 78.99% of the company’s stock.

Retail Properties of America Company Profile

Retail Properties of America, Inc is a real estate investment trust (REIT). The Company owns and operates shopping centers located in the United States. As of December 31, 2016, it owned 156 retail operating properties representing 25,832,000 square feet of gross leasable area (GLA). Its retail operating portfolio includes neighborhood and community centers, power centers, and lifestyle centers and multi-tenant retail-focused mixed-use properties, as well as single-user retail properties.

Analyst Recommendations for Retail Properties of America (NYSE:RPAI)

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