Retail Properties of America Inc (RPAI) Expected to Post FY2018 Earnings of $1.01 Per Share

Retail Properties of America Inc (NYSE:RPAI) – Equities research analysts at Jefferies Financial Group lowered their FY2018 earnings estimates for shares of Retail Properties of America in a report released on Monday, September 24th. Jefferies Financial Group analyst G. Hoglund now forecasts that the real estate investment trust will post earnings of $1.01 per share for the year, down from their prior estimate of $1.02. Jefferies Financial Group currently has a “Hold” rating and a $13.00 target price on the stock. Jefferies Financial Group also issued estimates for Retail Properties of America’s FY2019 earnings at $1.05 EPS.

RPAI has been the subject of several other research reports. JPMorgan Chase & Co. lowered shares of Retail Properties of America from an “overweight” rating to a “neutral” rating in a research report on Friday, June 15th. ValuEngine raised shares of Retail Properties of America from a “sell” rating to a “hold” rating in a report on Thursday, June 21st. Deutsche Bank raised shares of Retail Properties of America from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Tuesday, August 28th. Finally, Zacks Investment Research raised shares of Retail Properties of America from a “sell” rating to a “hold” rating in a report on Friday, August 17th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. Retail Properties of America has a consensus rating of “Hold” and a consensus target price of $15.06.

NYSE RPAI opened at $12.00 on Thursday. Retail Properties of America has a 52 week low of $10.84 and a 52 week high of $13.64. The stock has a market cap of $2.67 billion, a PE ratio of 11.32 and a beta of 0.26. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.82.

Retail Properties of America (NYSE:RPAI) last released its quarterly earnings results on Tuesday, July 31st. The real estate investment trust reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.20). Retail Properties of America had a net margin of 39.61% and a return on equity of 10.31%. The business had revenue of $119.16 million for the quarter, compared to analysts’ expectations of $120.92 million.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 10th. Investors of record on Tuesday, September 25th will be issued a $0.166 dividend. This represents a $0.66 annualized dividend and a yield of 5.53%. The ex-dividend date is Monday, September 24th. Retail Properties of America’s dividend payout ratio is 62.26%.

In related news, Director Gerald M. Gorski sold 3,962 shares of the stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $12.61, for a total value of $49,960.82. Following the completion of the sale, the director now directly owns 55,129 shares of the company’s stock, valued at approximately $695,176.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.49% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Long Pond Capital LP increased its holdings in Retail Properties of America by 6.2% in the 1st quarter. Long Pond Capital LP now owns 8,267,922 shares of the real estate investment trust’s stock worth $96,404,000 after acquiring an additional 479,293 shares in the last quarter. AEW Capital Management L P boosted its stake in Retail Properties of America by 2.4% in the 2nd quarter. AEW Capital Management L P now owns 7,323,093 shares of the real estate investment trust’s stock worth $93,589,000 after purchasing an additional 174,000 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in Retail Properties of America by 7.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 5,222,590 shares of the real estate investment trust’s stock worth $66,745,000 after purchasing an additional 355,986 shares during the period. Resolution Capital Ltd boosted its stake in Retail Properties of America by 9.5% in the 2nd quarter. Resolution Capital Ltd now owns 4,066,379 shares of the real estate investment trust’s stock worth $51,968,000 after purchasing an additional 351,100 shares during the period. Finally, Millennium Management LLC boosted its stake in Retail Properties of America by 108.4% in the 2nd quarter. Millennium Management LLC now owns 4,037,389 shares of the real estate investment trust’s stock worth $51,598,000 after purchasing an additional 2,099,864 shares during the period. 82.01% of the stock is owned by institutional investors.

Retail Properties of America Company Profile

Retail Properties of America, Inc is a REIT that owns and operates high quality, strategically located open-air shopping centers, including properties with a mixed-use component. As of June 30, 2018, the Company owned 105 retail operating properties in the United States representing 19.5 million square feet.

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

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