Retail Properties of America Inc (NYSE:RPAI) – Stock analysts at Jefferies Financial Group issued their Q1 2019 earnings per share estimates for shares of Retail Properties of America in a research note issued on Monday, September 24th. Jefferies Financial Group analyst G. Hoglund forecasts that the real estate investment trust will earn $0.26 per share for the quarter. Jefferies Financial Group has a “Hold” rating and a $13.00 price target on the stock. Jefferies Financial Group also issued estimates for Retail Properties of America’s Q2 2019 earnings at $0.26 EPS, Q3 2019 earnings at $0.26 EPS, Q4 2019 earnings at $0.27 EPS, Q1 2020 earnings at $0.27 EPS, Q2 2020 earnings at $0.27 EPS and FY2020 earnings at $1.09 EPS.
Retail Properties of America (NYSE:RPAI) last released its earnings results on Tuesday, July 31st. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.20). Retail Properties of America had a return on equity of 10.31% and a net margin of 39.61%. The firm had revenue of $119.16 million during the quarter, compared to analysts’ expectations of $120.92 million.
Several other equities analysts have also recently weighed in on the company. Zacks Investment Research upgraded Retail Properties of America from a “sell” rating to a “hold” rating in a research report on Friday, August 17th. Deutsche Bank upgraded 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 report on Tuesday, August 28th. JPMorgan Chase & Co. cut Retail Properties of America from an “overweight” rating to a “neutral” rating in a research report on Friday, June 15th. Finally, ValuEngine cut Retail Properties of America from a “hold” rating to a “sell” rating in a research report on Monday, July 16th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. Retail Properties of America currently has a consensus rating of “Hold” and an average price target of $15.31.
Shares of NYSE RPAI opened at $12.01 on Wednesday. The firm has a market capitalization of $2.67 billion, a PE ratio of 11.33 and a beta of 0.26. Retail Properties of America has a fifty-two week low of $10.84 and a fifty-two week high of $13.64. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.02 and a quick ratio of 1.02.
Institutional investors have recently bought and sold shares of the stock. Element Capital Management LLC purchased a new position in Retail Properties of America during the first quarter worth about $118,000. Assetmark Inc. lifted its stake in 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 worth $128,000 after purchasing an additional 10,038 shares during the last quarter. Commonwealth Bank of Australia lifted its stake in 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 worth $132,000 after purchasing an additional 4,166 shares during the last quarter. RFG Advisory Group LLC bought a new stake in Retail Properties of America during the second quarter worth about $143,000. Finally, IBM Retirement Fund bought a new stake in Retail Properties of America during the first quarter worth about $164,000. Institutional investors and hedge funds own 82.01% of the company’s stock.
In related news, Director Gerald M. Gorski sold 3,962 shares of the business’s stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $12.61, for a total transaction of $49,960.82. Following the completion of the transaction, the director now directly owns 55,129 shares in the company, valued at $695,176.69. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.49% of the stock is currently owned by insiders.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 10th. Stockholders of record on Tuesday, September 25th will be given a $0.166 dividend. This represents a $0.66 annualized dividend and a dividend yield of 5.53%. The ex-dividend date is Monday, September 24th. Retail Properties of America’s dividend payout ratio (DPR) is presently 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.
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