Retail Properties of America, Inc. (NYSE:RPAI)‘s stock had its “buy” rating reissued by equities research analysts at Robert W. Baird in a research note issued on Wednesday. They presently have a $18.00 price target on the real estate investment trust’s stock. Robert W. Baird’s price objective would indicate a potential upside of 47.30% from the stock’s current price.

RPAI has been the topic of several other reports. Citigroup Inc. reaffirmed a “buy” rating and set a $15.00 target price (down from $16.00) on shares of Retail Properties of America in a research report on Monday, July 10th. BidaskClub raised Retail Properties of America from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 9th. Zacks Investment Research lowered Retail Properties of America from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. KeyCorp reaffirmed a “hold” rating on shares of Retail Properties of America in a research report on Friday, August 25th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $13.00 target price on shares of Retail Properties of America in a research report on Tuesday, August 29th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $15.58.

Shares of Retail Properties of America (NYSE RPAI) opened at 12.22 on Wednesday. The company has a 50-day moving average price of $13.09 and a 200 day moving average price of $13.00. The company has a market capitalization of $2.82 billion, a P/E ratio of 15.47 and a beta of 0.44. Retail Properties of America has a 12-month low of $11.61 and a 12-month high of $15.81.

Retail Properties of America (NYSE:RPAI) last announced its earnings results on Monday, October 30th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.22. Retail Properties of America had a return on equity of 9.20% and a net margin of 34.57%. The company had revenue of $130.52 million for the quarter, compared to analyst estimates of $132.45 million. During the same period in the prior year, the company posted $0.27 EPS. The firm’s quarterly revenue was down 9.7% compared to the same quarter last year. On average, equities analysts anticipate that Retail Properties of America will post $0.51 earnings per share for the current fiscal year.

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In other news, Director Gerald M. Gorski sold 4,790 shares of the stock in a transaction dated Thursday, September 7th. The stock was 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 of the company’s stock, valued at $637,466.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.40% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in RPAI. BlackRock Inc. increased its holdings 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 purchasing an additional 17,593,152 shares during the period. APG Asset Management US Inc. acquired a new position in shares of Retail Properties of America in the first quarter valued at about $47,615,000. State Street Corp increased its holdings in shares of Retail Properties of America by 56.2% in the first quarter. State Street Corp now owns 7,605,929 shares of the real estate investment trust’s stock valued at $109,678,000 after purchasing an additional 2,736,360 shares during the period. AEW Capital Management L P increased its holdings in shares of Retail Properties of America by 213.9% in the third quarter. AEW Capital Management L P now owns 3,978,600 shares of the real estate investment trust’s stock valued at $66,840,000 after purchasing an additional 2,711,300 shares during the period. Finally, Lasalle Investment Management Securities LLC increased its holdings in shares of Retail Properties of America by 38.9% in the second quarter. Lasalle Investment Management Securities LLC now owns 8,302,302 shares of the real estate investment trust’s stock valued at $140,309,000 after purchasing an additional 2,326,924 shares during the period. 78.98% of the stock is currently owned by institutional investors and hedge funds.

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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