Retail Properties of America Inc (NYSE:RPAI) – Stock analysts at KeyCorp decreased their FY2018 earnings per share estimates for Retail Properties of America in a report released on Thursday. KeyCorp analyst T. Thomas now forecasts that the real estate investment trust will post earnings per share of $1.02 for the year, down from their previous forecast of $1.06. KeyCorp has a “Overweight” rating and a $16.00 price target on the stock.

Retail Properties of America (NYSE:RPAI) last announced its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.25. Retail Properties of America had a return on equity of 7.61% and a net margin of 28.84%. The firm had revenue of $130.52 million during the quarter, compared to analyst estimates of $132.45 million. During the same quarter in the prior year, the company earned $0.27 EPS. The business’s revenue was down 9.7% compared to the same quarter last year.

RPAI has been the topic of several other research reports. Boenning Scattergood restated a “buy” rating and issued a $18.50 price target on shares of Retail Properties of America in a research note on Thursday, November 2nd. Zacks Investment Research upgraded Retail Properties of America from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Wednesday, October 11th. ValuEngine downgraded Retail Properties of America from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Robert W. Baird restated a “buy” rating and issued a $18.00 price target on shares of Retail Properties of America in a research note on Wednesday, November 1st. Finally, Jefferies Group set a $14.00 price target on Retail Properties of America and gave the stock a “hold” rating in a research note on Friday, December 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. Retail Properties of America has an average rating of “Hold” and an average target price of $15.93.

Shares of Retail Properties of America (NYSE:RPAI) traded down $0.08 during trading hours on Monday, hitting $12.38. The stock had a trading volume of 1,911,700 shares, compared to its average volume of 1,795,189. Retail Properties of America has a 12-month low of $11.61 and a 12-month high of $15.81. The company has a market cap of $2,811.50, a price-to-earnings ratio of 19.05 and a beta of 0.50. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.89 and a quick ratio of 0.89.

Retail Properties of America declared that its Board of Directors has approved a share buyback program on Thursday, December 14th that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the real estate investment trust to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Shareholders of record on Wednesday, December 27th were paid a dividend of $0.1656 per share. The ex-dividend date of this dividend was Friday, December 22nd. This represents a $0.66 annualized dividend and a yield of 5.35%. Retail Properties of America’s dividend payout ratio is 101.54%.

A number of institutional investors and hedge funds have recently modified their holdings of the business. First Allied Advisory Services Inc. boosted its stake in shares of Retail Properties of America by 1.6% in the 2nd quarter. First Allied Advisory Services Inc. now owns 14,290 shares of the real estate investment trust’s stock worth $174,000 after buying an additional 222 shares during the last quarter. HighTower Advisors LLC boosted its stake in shares of Retail Properties of America by 1.1% in the 2nd quarter. HighTower Advisors LLC now owns 22,179 shares of the real estate investment trust’s stock worth $273,000 after buying an additional 248 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Retail Properties of America by 3.5% in the 2nd quarter. SG Americas Securities LLC now owns 13,214 shares of the real estate investment trust’s stock worth $161,000 after buying an additional 444 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Retail Properties of America by 7.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,224 shares of the real estate investment trust’s stock worth $198,000 after buying an additional 1,079 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Retail Properties of America by 11.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,662 shares of the real estate investment trust’s stock worth $203,000 after buying an additional 1,740 shares during the last quarter. Institutional investors and hedge funds own 79.13% of the company’s stock.

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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 and Estimates for Retail Properties of America (NYSE:RPAI)

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