Retail Properties of America Inc (NYSE:RPAI) – Equities researchers at Jefferies Financial Group lifted their Q2 2020 EPS estimates for Retail Properties of America in a research report issued on Wednesday, April 10th. Jefferies Financial Group analyst O. Okusanya now expects that the real estate investment trust will post earnings of $0.28 per share for the quarter, up from their prior forecast of $0.27. Jefferies Financial Group also issued estimates for Retail Properties of America’s Q3 2020 earnings at $0.29 EPS, Q4 2020 earnings at $0.29 EPS, FY2020 earnings at $1.12 EPS, Q1 2021 earnings at $0.26 EPS and FY2021 earnings at $1.14 EPS.

Several other research firms have also issued reports on RPAI. Zacks Investment Research lowered shares of Retail Properties of America from a “buy” rating to a “hold” rating in a research report on Wednesday, January 30th. KeyCorp set a $15.00 target price on shares of Retail Properties of America and gave the company a “buy” rating in a research report on Thursday, December 20th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $14.43.

NYSE RPAI opened at $12.63 on Thursday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of 12.26, a P/E/G ratio of 5.36 and a beta of 0.57. Retail Properties of America has a 52-week low of $10.57 and a 52-week high of $13.40.

Retail Properties of America (NYSE:RPAI) last released its earnings results on Tuesday, February 12th. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. The company had revenue of $119.30 million during the quarter, compared to the consensus estimate of $119.77 million. Retail Properties of America had a net margin of 16.09% and a return on equity of 4.24%. The company’s revenue was down 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.25 EPS.

Several institutional investors have recently modified their holdings of the company. State of Alaska Department of Revenue raised its stake in shares of Retail Properties of America by 0.9% in the first quarter. State of Alaska Department of Revenue now owns 94,242 shares of the real estate investment trust’s stock worth $1,147,000 after acquiring an additional 840 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Retail Properties of America by 4.3% in the fourth quarter. Daiwa Securities Group Inc. now owns 33,700 shares of the real estate investment trust’s stock worth $366,000 after acquiring an additional 1,400 shares during the last quarter. CWM LLC raised its stake in shares of Retail Properties of America by 68.8% in the fourth quarter. CWM LLC now owns 3,697 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 1,507 shares during the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of Retail Properties of America by 0.9% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 238,611 shares of the real estate investment trust’s stock worth $2,589,000 after acquiring an additional 2,160 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its stake in shares of Retail Properties of America by 1.7% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 139,300 shares of the real estate investment trust’s stock worth $1,511,000 after acquiring an additional 2,300 shares during the last quarter. Institutional investors and hedge funds own 84.54% of the company’s stock.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Wednesday, March 27th were given a dividend of $0.1656 per share. The ex-dividend date was Tuesday, March 26th. This represents a $0.66 annualized dividend and a dividend yield of 5.25%. Retail Properties of America’s dividend payout ratio (DPR) is currently 64.08%.

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 December 31, 2018, the Company owned 105 retail operating properties in the United States representing 20.1 million square feet.

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

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