Analysts expect that Retail Properties of America, Inc. (NYSE:RPAI) will report $131.78 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Retail Properties of America’s earnings, with the highest sales estimate coming in at $137.81 million and the lowest estimate coming in at $126.24 million. Retail Properties of America reported sales of $144.53 million in the same quarter last year, which indicates a negative year over year growth rate of 8.8%. The company is scheduled to announce its next earnings report after the market closes on Tuesday, October 31st.

On average, analysts expect that Retail Properties of America will report full-year sales of $131.78 million for the current financial year, with estimates ranging from $526.26 million to $556.38 million. For the next year, analysts expect that the firm will post sales of $529.32 million per share, with estimates ranging from $479.36 million to $571.53 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Retail Properties of America.

Retail Properties of America (NYSE:RPAI) last announced its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.01. Retail Properties of America had a net margin of 34.57% and a return on equity of 9.20%. The firm had revenue of $137.34 million during the quarter, compared to the consensus estimate of $135.81 million. During the same quarter last year, the firm earned $0.31 EPS. The firm’s revenue for the quarter was down 6.7% compared to the same quarter last year.

Several brokerages recently issued reports on RPAI. Citigroup Inc. reaffirmed a “buy” rating and set a $15.00 price objective (down previously from $16.00) on shares of Retail Properties of America in a research note on Monday, July 10th. BidaskClub cut shares of Retail Properties of America from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 16th. Zacks Investment Research raised shares of 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 reaffirmed a “hold” rating and set a $13.00 price objective on shares of Retail Properties of America in a research note on Tuesday, August 29th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Retail Properties of America in a research note on Friday, August 25th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $15.10.

In other Retail Properties of America news, Director Gerald M. Gorski sold 4,790 shares of the business’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $13.59, for a total value of $65,096.10. Following the transaction, the director now directly owns 46,907 shares in the company, valued at approximately $637,466.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.41% of the company’s stock.

A number of large investors have recently bought and sold shares of RPAI. Nationwide Fund Advisors acquired a new position in Retail Properties of America in the 1st quarter valued at about $162,000. Comerica Bank acquired a new position in Retail Properties of America in the 1st quarter valued at about $156,000. UBS Asset Management Americas Inc. boosted its holdings in Retail Properties of America by 23.8% in the 1st quarter. UBS Asset Management Americas Inc. now owns 519,975 shares of the real estate investment trust’s stock valued at $7,498,000 after purchasing an additional 99,868 shares during the last quarter. Karp Capital Management Corp acquired a new position in Retail Properties of America in the 1st quarter valued at about $426,000. Finally, Alliancebernstein L.P. boosted its holdings in Retail Properties of America by 6.9% in the 1st quarter. Alliancebernstein L.P. now owns 300,282 shares of the real estate investment trust’s stock valued at $4,330,000 after purchasing an additional 19,266 shares during the last quarter. Institutional investors own 78.91% of the company’s stock.

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Shares of Retail Properties of America (NYSE:RPAI) traded down 1.16% on Friday, hitting $12.83. 1,354,258 shares of the company were exchanged. Retail Properties of America has a 52-week low of $11.61 and a 52-week high of $15.96. The stock has a market capitalization of $2.96 billion, a PE ratio of 16.24 and a beta of 0.44. The firm’s 50-day moving average is $13.29 and its 200-day moving average is $13.11.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 10th. Investors of record on Tuesday, September 26th were paid a dividend of $0.1656 per share. The ex-dividend date of this dividend was Monday, September 25th. This represents a $0.66 annualized dividend and a yield of 5.16%. Retail Properties of America’s dividend payout ratio is presently 82.50%.

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.

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