Retail Properties of America, Inc. (NYSE:RPAI) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

Other analysts have also recently issued reports about the stock. 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. Citigroup Inc. reissued 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. Jefferies Group LLC reissued a “hold” rating and issued a $13.00 price objective on shares of Retail Properties of America in a research note on Tuesday, August 29th. Finally, KeyCorp reissued a “hold” rating on shares of Retail Properties of America in a research note on Friday, August 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $15.10.

Shares of Retail Properties of America (NYSE:RPAI) traded up 0.16% on Friday, reaching $12.42. 1,836,279 shares of the company’s stock traded hands. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of 15.72 and a beta of 0.44. Retail Properties of America has a 52-week low of $11.61 and a 52-week high of $15.81. The firm’s 50-day moving average is $13.16 and its 200-day moving average is $13.04.

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 Zacks’ consensus estimate of $0.26 by $0.01. The firm had revenue of $137.34 million during the quarter, compared to analysts’ expectations of $135.81 million. Retail Properties of America had a net margin of 34.57% and a return on equity of 9.20%. The company’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.31 earnings per share. Analysts anticipate that Retail Properties of America will post $0.51 EPS for the current fiscal year.

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In related news, Director Gerald M. Gorski sold 4,790 shares of the company’s stock in a transaction on Thursday, September 7th. The shares were 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 owns 46,907 shares in the company, valued at $637,466.13. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.41% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of RPAI. BlackRock Inc. boosted its position in shares of Retail Properties of America by 2,354.6% during the first quarter. BlackRock Inc. now owns 18,340,329 shares of the real estate investment trust’s stock worth $264,469,000 after acquiring an additional 17,593,152 shares during the last quarter. State Street Corp boosted its position in shares of Retail Properties of America by 56.2% during the first quarter. State Street Corp now owns 7,605,929 shares of the real estate investment trust’s stock worth $109,678,000 after acquiring an additional 2,736,360 shares during the last quarter. Numeric Investors LLC boosted its position in shares of Retail Properties of America by 10,872.3% during the second quarter. Numeric Investors LLC now owns 1,108,199 shares of the real estate investment trust’s stock worth $13,531,000 after acquiring an additional 1,098,099 shares during the last quarter. Balyasny Asset Management LLC boosted its position in shares of Retail Properties of America by 135.1% during the second quarter. Balyasny Asset Management LLC now owns 1,493,991 shares of the real estate investment trust’s stock worth $18,242,000 after acquiring an additional 858,409 shares during the last quarter. Finally, Teachers Advisors LLC boosted its position in shares of Retail Properties of America by 253.9% during the first quarter. Teachers Advisors LLC now owns 1,139,845 shares of the real estate investment trust’s stock worth $16,437,000 after acquiring an additional 817,756 shares during the last quarter. Hedge funds and other institutional investors own 78.92% of the company’s stock.

About Retail Properties of America

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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