Retail Properties of America (NYSE: RPAI) recently received a number of ratings updates from brokerages and research firms:

  • 11/2/2017 – Retail Properties of America had its “buy” rating reaffirmed by analysts at Boenning Scattergood. They now have a $18.50 price target on the stock.
  • 11/1/2017 – Retail Properties of America had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $18.00 price target on the stock.
  • 10/27/2017 – Retail Properties of America was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 10/25/2017 – Retail Properties of America was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Retail Properties of America, Inc. is a real estate investment trust that owns and operates shopping centers in the United States. Its retail-operating portfolio includes power centers, community centers, neighborhood centers, lifestyle centers and single-user retail properties. The Company’s retail properties are primarily located in retail districts. Retail Properties of America, Inc. is headquartered in Oak Brook, IL. “
  • 10/11/2017 – Retail Properties of America was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $15.00 price target on the stock. According to Zacks, “Retail Properties of America, Inc. is a real estate investment trust that owns and operates shopping centers in the United States. Its retail-operating portfolio includes power centers, community centers, neighborhood centers, lifestyle centers and single-user retail properties. The Company’s retail properties are primarily located in retail districts. Retail Properties of America, Inc. is headquartered in Oak Brook, IL. “
  • 9/16/2017 – Retail Properties of America was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.

Retail Properties of America, Inc. (NYSE RPAI) opened at $12.91 on Wednesday. The firm has a market capitalization of $2,922.78, a PE ratio of 12.14 and a beta of 0.48. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84. Retail Properties of America, Inc. has a 1-year low of $11.61 and a 1-year high of $15.81.

Retail Properties of America (NYSE:RPAI) last announced its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.25 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.25. The company had revenue of $130.52 million for the quarter, compared to analysts’ expectations of $132.45 million. Retail Properties of America had a return on equity of 7.61% and a net margin of 28.84%. Retail Properties of America’s revenue for the quarter was down 9.7% compared to the same quarter last year. During the same period last year, the firm posted $0.27 EPS. research analysts anticipate that Retail Properties of America, Inc. will post 1.04 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Wednesday, December 27th will be issued a dividend of $0.1656 per share. The ex-dividend date of this dividend is Friday, December 22nd. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.13%. Retail Properties of America’s dividend payout ratio is 101.54%.

In related news, Director Gerald M. Gorski sold 4,790 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $13.59, for a total transaction 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 filing with the SEC, which is available through this hyperlink. 0.40% of the stock is owned by company insiders.

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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