Retail Properties of America (NYSE:RPAI)‘s stock had its “neutral” rating restated by stock analysts at Robert W. Baird in a report issued on Monday, Benzinga reports.
Several other equities analysts have also recently issued reports on the company. Zacks Investment Research upgraded Retail Properties of America from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 1st. Deutsche Bank Aktiengesellschaft increased their target price on Retail Properties of America from $10.00 to $12.00 and gave the stock a “hold” rating in a research report on Thursday. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Retail Properties of America in a research report on Wednesday, March 10th. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $8.33.
RPAI opened at $11.51 on Monday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.43 and a current ratio of 1.43. Retail Properties of America has a 1 year low of $4.01 and a 1 year high of $12.21. The firm has a 50 day moving average price of $11.05 and a 200 day moving average price of $8.85. The company has a market cap of $2.47 billion, a PE ratio of 88.55 and a beta of 1.68.
Retail Properties of America (NYSE:RPAI) last announced its quarterly earnings data on Monday, February 15th. The real estate investment trust reported $0.01 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.01. Retail Properties of America had a return on equity of 1.48% and a net margin of 6.51%. On average, sell-side analysts predict that Retail Properties of America will post 0.86 earnings per share for the current year.
Several institutional investors and hedge funds have recently modified their holdings of RPAI. BlackRock Inc. grew its holdings in Retail Properties of America by 9.3% during the fourth quarter. BlackRock Inc. now owns 40,606,751 shares of the real estate investment trust’s stock worth $347,593,000 after acquiring an additional 3,462,832 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Retail Properties of America by 37.5% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 6,743,087 shares of the real estate investment trust’s stock valued at $57,721,000 after purchasing an additional 1,839,236 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Retail Properties of America by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,331,860 shares of the real estate investment trust’s stock valued at $28,521,000 after buying an additional 84,137 shares during the last quarter. JPMorgan Chase & Co. increased its position in Retail Properties of America by 20.7% in the 4th quarter. JPMorgan Chase & Co. now owns 3,300,631 shares of the real estate investment trust’s stock worth $28,254,000 after buying an additional 565,203 shares during the period. Finally, Norges Bank bought a new position in Retail Properties of America in the 4th quarter worth approximately $25,428,000. 90.86% of the stock is currently owned by institutional investors.
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 September 30, 2020, the Company owned 102 retail operating properties in the United States representing 20.0 million square feet.
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