Retail Properties of America (RPAI) Given a $14.00 Price Target at Jefferies Group

Retail Properties of America (NYSE:RPAI) has been assigned a $14.00 target price by stock analysts at Jefferies Group in a report issued on Tuesday. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. Jefferies Group’s price objective indicates a potential upside of 19.76% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. Boenning Scattergood restated a “buy” rating and set a $18.50 target price on shares of Retail Properties of America in a research report on Thursday, November 2nd. Robert W. Baird restated a “buy” rating and set a $18.00 target price on shares of Retail Properties of America in a research report on Wednesday, November 1st. Zacks Investment Research cut shares of Retail Properties of America from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. ValuEngine cut shares of Retail Properties of America from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, JPMorgan Chase & Co. upgraded shares of Retail Properties of America from a “neutral” rating to an “overweight” rating and set a $15.00 target price for the company in a research report on Friday, December 15th. One research 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. The company presently has a consensus rating of “Hold” and an average target price of $15.93.

Shares of Retail Properties of America (NYSE RPAI) traded up $0.24 on Tuesday, reaching $11.69. 2,559,464 shares of the company’s stock were exchanged, compared to its average volume of 2,366,907. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $2,579.86, a PE ratio of 17.98 and a beta of 0.32. Retail Properties of America has a one year low of $10.94 and a one year high of $15.81.

Retail Properties of America declared that its board has authorized a share 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 reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Several large investors have recently bought and sold shares of RPAI. Vident Investment Advisory LLC acquired a new position in shares of Retail Properties of America in the third quarter valued at approximately $135,000. Stratos Wealth Partners LTD. acquired a new position in shares of Retail Properties of America in the third quarter valued at approximately $148,000. Public Employees Retirement Association of Colorado raised its position in shares of Retail Properties of America by 60.6% in the fourth 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 during the last quarter. Cetera Investment Advisers acquired a new position in shares of Retail Properties of America in the second quarter valued at approximately $179,000. Finally, Wolverine Trading LLC acquired a new position in shares of Retail Properties of America in the third quarter valued at approximately $186,000. 79.35% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Retail Properties of America (NYSE:RPAI)

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