Capital One Financial Equities Analysts Cut Earnings Estimates for Retail Properties of America Inc (RPAI)

Retail Properties of America Inc (NYSE:RPAI) – Stock analysts at Capital One Financial decreased their FY2017 earnings estimates for Retail Properties of America in a research report issued to clients and investors on Monday. Capital One Financial analyst C. Lucas now anticipates that the real estate investment trust will earn $1.05 per share for the year, down from their prior estimate of $1.06. Capital One Financial also issued estimates for Retail Properties of America’s Q1 2018 earnings at $0.24 EPS, Q2 2018 earnings at $0.25 EPS, Q3 2018 earnings at $0.25 EPS, Q4 2018 earnings at $0.26 EPS, FY2018 earnings at $1.00 EPS and FY2019 earnings at $1.16 EPS.

Other analysts have also recently issued research reports about the stock. ValuEngine cut shares of Retail Properties of America from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. KeyCorp upgraded shares of Retail Properties of America from a “sector weight” rating to an “overweight” rating and set a $16.00 price objective for the company in a research note on Monday, November 20th. Zacks Investment Research cut shares of Retail Properties of America from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. BidaskClub cut shares of Retail Properties of America from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Finally, JPMorgan Chase & Co. upgraded shares of Retail Properties of America from a “neutral” rating to an “overweight” rating and set a $15.00 price objective for the company in a research note on Friday, December 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $15.93.

Shares of Retail Properties of America (NYSE:RPAI) opened at $11.45 on Wednesday. Retail Properties of America has a 12 month low of $10.94 and a 12 month high of $15.81. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.84. The firm has a market cap of $2,575.31, a PE ratio of 17.62 and a beta of 0.32.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 10th. Stockholders of record on Tuesday, March 27th will be given a $0.1656 dividend. This represents a $0.66 annualized dividend and a dividend yield of 5.79%. The ex-dividend date of this dividend is Monday, March 26th. Retail Properties of America’s payout ratio is presently 101.54%.

Retail Properties of America declared that its Board of Directors has approved a stock repurchase plan on Thursday, December 14th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the real estate investment trust to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Several large investors have recently modified their holdings of the company. HighTower Advisors LLC raised its position 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 valued at $273,000 after buying an additional 248 shares in the last quarter. The Manufacturers Life Insurance Company raised its position 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 valued at $198,000 after buying an additional 1,079 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Retail Properties of America by 11.6% in the 3rd quarter. Pacer Advisors Inc. now owns 42,376 shares of the real estate investment trust’s stock valued at $556,000 after buying an additional 4,403 shares in the last quarter. Public Employees Retirement Association of Colorado raised its position in shares of Retail Properties of America by 60.6% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 11,668 shares of the real estate investment trust’s stock valued at $157,000 after buying an additional 4,403 shares in the last quarter. Finally, Cubist Systematic Strategies LLC raised its position in shares of Retail Properties of America by 19.0% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 31,097 shares of the real estate investment trust’s stock valued at $408,000 after buying an additional 4,956 shares in the last quarter. Institutional investors own 79.35% 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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