Retail Properties of America, Inc. (NYSE:RPAI) will be announcing its earnings results after the market closes on Monday, October 30th. Analysts expect the company to announce earnings of $0.03 per share for the quarter. Retail Properties of America has set its FY17 guidance at $1.00 to $1.05 EPS.

Retail Properties of America (NYSE:RPAI) last issued its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.27 EPS for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to the consensus estimate of $135.81 million. During the same period in the previous year, the company posted $0.31 EPS. The firm’s revenue for the quarter was down 6.7% compared to the same quarter last year. On average, analysts expect Retail Properties of America to post $1.04 EPS for the current fiscal year and $1.05 EPS for the next fiscal year.

Retail Properties of America, Inc. (NYSE:RPAI) opened at 12.83 on Monday. The company has a market capitalization of $2.96 billion, a P/E ratio of 16.24 and a beta of 0.44. Retail Properties of America, Inc. has a 52 week low of $11.61 and a 52 week high of $15.96. The stock’s 50 day moving average price is $13.29 and its 200 day moving average price is $13.11.

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

In other Retail Properties of America news, Director Gerald M. Gorski sold 4,790 shares of the firm’s stock in a transaction 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 sale, the director now directly owns 46,907 shares of the company’s stock, valued at $637,466.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.41% of the company’s stock.

A number of analysts recently commented on RPAI shares. BidaskClub raised Retail Properties of America from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Jefferies Group LLC reaffirmed a “hold” rating and set a $13.00 price target on shares of Retail Properties of America in a research report on Tuesday, August 29th. KeyCorp reaffirmed a “hold” rating on shares of Retail Properties of America in a research report on Friday, August 25th. Zacks Investment Research raised Retail Properties of America from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Wednesday, October 11th. Finally, Citigroup Inc. reissued a “buy” rating and issued a $15.00 target price (down from $16.00) on shares of Retail Properties of America in a research report on Monday, July 10th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $15.10.

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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.

Earnings History for Retail Properties of America (NYSE:RPAI)

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