Shares of Retail Properties of America Inc (NYSE:RPAI) have earned a consensus rating of “Hold” from the ten analysts that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $15.07.
Several research firms have recently issued reports on RPAI. JPMorgan Chase & Co. decreased their price target on Retail Properties of America from $13.50 to $13.00 and set a “neutral” rating for the company in a research note on Thursday, September 27th. Deutsche Bank raised Retail Properties of America from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Tuesday, August 28th. Zacks Investment Research raised Retail Properties of America from a “sell” rating to a “hold” rating in a research note on Friday, August 17th. Jefferies Financial Group set a $13.00 price target on Retail Properties of America and gave the stock a “hold” rating in a research note on Tuesday, July 17th. Finally, ValuEngine cut Retail Properties of America from a “hold” rating to a “sell” rating in a research note on Monday, July 16th.
In other news, Director Gerald M. Gorski sold 3,962 shares of the company’s stock in a transaction on Friday, September 14th. The stock was 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 owns 55,129 shares in the company, valued at $695,176.69. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.49% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Element Capital Management LLC purchased a new stake in shares of Retail Properties of America during the first quarter valued at $118,000. Commonwealth Bank of Australia lifted its holdings in shares of Retail Properties of America by 67.2% during the second quarter. Commonwealth Bank of Australia now owns 10,366 shares of the real estate investment trust’s stock valued at $132,000 after purchasing an additional 4,166 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of Retail Properties of America by 1,064.5% during the first quarter. Assetmark Inc. now owns 10,981 shares of the real estate investment trust’s stock valued at $128,000 after purchasing an additional 10,038 shares during the last quarter. RFG Advisory Group LLC purchased a new stake in shares of Retail Properties of America during the second quarter valued at $143,000. Finally, ARP Americas LP purchased a new stake in shares of Retail Properties of America during the second quarter valued at $206,000. Institutional investors and hedge funds own 82.01% of the company’s stock.
RPAI traded up $0.06 during trading on Wednesday, reaching $11.64. 90,535 shares of the company were exchanged, compared to its average volume of 1,873,189. The company has a market cap of $2.68 billion, a P/E ratio of 10.92 and a beta of 0.25. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.02 and a quick ratio of 1.02. Retail Properties of America has a 52 week low of $10.84 and a 52 week high of $13.60.
Retail Properties of America (NYSE:RPAI) last issued its quarterly earnings data on Tuesday, July 31st. The real estate investment trust reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.20). The company had revenue of $119.16 million for the quarter, compared to the consensus estimate of $120.92 million. Retail Properties of America had a return on equity of 10.31% and a net margin of 39.61%. As a group, research analysts anticipate that Retail Properties of America will post 1.01 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 10th. Stockholders of record on Tuesday, September 25th were paid a $0.166 dividend. The ex-dividend date of this dividend was Monday, September 24th. This represents a $0.66 annualized dividend and a dividend yield of 5.70%. Retail Properties of America’s payout ratio is 62.26%.
About Retail Properties of America
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.
Receive News & Ratings for Retail Properties of America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Retail Properties of America and related companies with MarketBeat.com's FREE daily email newsletter.