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

Other equities research analysts also recently issued reports about the company. Citigroup Inc. restated a “buy” rating and set a $16.00 price objective (down from $18.00) on shares of Retail Properties of America in a report on Tuesday, June 6th. Zacks Investment Research upgraded Retail Properties of America from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Thursday, August 31st. Jefferies Group LLC restated a “hold” rating and set a $13.00 price objective on shares of Retail Properties of America in a report on Tuesday, August 29th. KeyCorp restated a “hold” rating on shares of Retail Properties of America in a report on Friday, August 25th. Finally, ValuEngine downgraded Retail Properties of America from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Retail Properties of America has a consensus rating of “Hold” and an average target price of $15.75.

Shares of Retail Properties of America (RPAI) traded up 0.15% during trading on Friday, hitting $13.65. The stock had a trading volume of 3,759,268 shares. Retail Properties of America has a one year low of $11.61 and a one year high of $17.35. The stock’s 50-day moving average price is $13.35 and its 200-day moving average price is $13.35. The company has a market cap of $3.14 billion, a P/E ratio of 17.28 and a beta of 0.44.

Retail Properties of America (NYSE:RPAI) last posted 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 company had revenue of $137.34 million for the quarter, compared to the consensus estimate of $135.81 million. During the same period in the previous year, the business earned $0.31 EPS. Retail Properties of America’s revenue for the quarter was down 6.7% compared to the same quarter last year. On average, equities research analysts forecast that Retail Properties of America will post $0.53 EPS for the current fiscal year.

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In other 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 value of $65,096.10. Following the completion of the transaction, the director now owns 46,907 shares in the company, valued at approximately $637,466.13. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.41% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. MAI Capital Management grew its position in shares of Retail Properties of America by 0.3% in the 2nd quarter. MAI Capital Management now owns 27,904 shares of the real estate investment trust’s stock worth $341,000 after acquiring an additional 80 shares in the last quarter. GAM Holding AG grew its position in shares of Retail Properties of America by 0.5% in the 2nd quarter. GAM Holding AG now owns 20,117 shares of the real estate investment trust’s stock worth $246,000 after acquiring an additional 110 shares in the last quarter. First Allied Advisory Services Inc. grew its position in shares of Retail Properties of America by 1.6% in the 2nd quarter. First Allied Advisory Services Inc. now owns 14,290 shares of the real estate investment trust’s stock worth $174,000 after acquiring an additional 222 shares in the last quarter. HighTower Advisors LLC grew its position in shares of Retail Properties of America by 1.1% in the 2nd quarter. HighTower Advisors LLC now owns 22,179 shares of the real estate investment trust’s stock worth $273,000 after acquiring an additional 248 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in shares of Retail Properties of America by 3.5% in the 2nd quarter. SG Americas Securities LLC now owns 13,214 shares of the real estate investment trust’s stock worth $161,000 after acquiring an additional 444 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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