Retail Properties of America Inc (NYSE:RPAI) – Stock analysts at Capital One Financial raised their Q1 2018 earnings per share estimates for shares of Retail Properties of America in a research report issued on Wednesday, April 11th. Capital One Financial analyst C. Lucas now forecasts that the real estate investment trust will earn $0.25 per share for the quarter, up from their prior estimate of $0.24. Capital One Financial also issued estimates for Retail Properties of America’s Q3 2018 earnings at $0.26 EPS and FY2018 earnings at $1.02 EPS.

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RPAI has been the topic of several other reports. Zacks Investment Research downgraded shares of Retail Properties of America from a “hold” rating to a “sell” rating in a research report on Thursday, March 8th. ValuEngine downgraded Retail Properties of America from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Jefferies Group set a $13.00 price target on Retail Properties of America and gave the company a “hold” rating in a research report on Tuesday, February 27th. Citigroup lowered their price target on Retail Properties of America from $15.00 to $14.50 and set a “buy” rating on the stock in a research report on Wednesday, February 21st. Finally, Boenning Scattergood set a $19.00 price target on Retail Properties of America and gave the company a “buy” rating in a research report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. Retail Properties of America presently has a consensus rating of “Hold” and a consensus price target of $15.79.

Retail Properties of America stock opened at $11.65 on Monday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market cap of $2,554.11, a price-to-earnings ratio of 10.98 and a beta of 0.31. Retail Properties of America has a one year low of $10.94 and a one year high of $14.70.

Retail Properties of America (NYSE:RPAI) last posted its earnings results on Tuesday, February 13th. The real estate investment trust reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.23. The firm had revenue of $126.59 million for the quarter, compared to the consensus estimate of $126.72 million. Retail Properties of America had a net margin of 46.73% and a return on equity of 12.36%.

Several large investors have recently modified their holdings of RPAI. Millennium Management LLC grew its position in shares of Retail Properties of America by 91.2% in the fourth quarter. Millennium Management LLC now owns 3,421,897 shares of the real estate investment trust’s stock valued at $45,990,000 after purchasing an additional 1,632,224 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Retail Properties of America by 39.4% in the fourth quarter. Renaissance Technologies LLC now owns 5,154,055 shares of the real estate investment trust’s stock valued at $69,270,000 after purchasing an additional 1,455,955 shares during the last quarter. Two Sigma Investments LP bought a new stake in shares of Retail Properties of America in the fourth quarter valued at about $19,373,000. American Century Companies Inc. bought a new stake in shares of Retail Properties of America in the fourth quarter valued at about $18,630,000. Finally, Zimmer Partners LP bought a new stake in shares of Retail Properties of America in the fourth quarter valued at about $17,808,000. 81.11% of the stock is currently owned by institutional investors.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 10th. Stockholders of record on Tuesday, March 27th were given a $0.1656 dividend. This represents a $0.66 annualized dividend and a dividend yield of 5.69%. The ex-dividend date of this dividend was Monday, March 26th. Retail Properties of America’s dividend payout ratio is currently 62.26%.

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About Retail Properties of America

Retail Properties of America, Inc is a REIT that owns and operates high quality, strategically located shopping centers in the United States. As of December 31, 2017, the Company owned 112 retail operating properties representing 20.3 million square feet. The Company is publicly traded on the New York Stock Exchange under the ticker symbol RPAI.

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

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