Equities analysts forecast that Retail Properties of America Inc (NYSE:RPAI) will announce earnings per share of $0.25 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Retail Properties of America’s earnings. The highest EPS estimate is $0.26 and the lowest is $0.25. Retail Properties of America also posted earnings of $0.25 per share during the same quarter last year. The business is expected to announce its next quarterly earnings report on Tuesday, May 7th.
On average, analysts expect that Retail Properties of America will report full year earnings of $1.03 per share for the current fiscal year, with EPS estimates ranging from $1.03 to $1.04. For the next fiscal year, analysts forecast that the firm will post earnings of $1.06 per share, with EPS estimates ranging from $1.05 to $1.08. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Retail Properties of America.
Get Retail Properties of America alerts:Retail Properties of America (NYSE:RPAI) last announced its quarterly earnings data on Tuesday, February 12th. The real estate investment trust reported $0.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.01. Retail Properties of America had a net margin of 16.09% and a return on equity of 4.17%. The company had revenue of $119.30 million during the quarter, compared to analyst estimates of $119.77 million. During the same period last year, the business earned $0.25 EPS. The firm’s revenue for the quarter was down 5.7% compared to the same quarter last year.
Several research analysts have recently commented on the stock. Zacks Investment Research lowered shares of Retail Properties of America from a “hold” rating to a “sell” rating in a report on Wednesday, October 31st. ValuEngine lowered shares of Retail Properties of America from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. KeyCorp set a $15.00 price target on shares of Retail Properties of America and gave the company a “buy” rating in a report on Thursday, December 20th. Finally, Citigroup set a $15.00 price target on shares of Retail Properties of America and gave the company a “buy” rating in a report on Tuesday, November 20th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Retail Properties of America currently has an average rating of “Buy” and a consensus target price of $14.50.
NYSE RPAI opened at $12.76 on Thursday. Retail Properties of America has a one year low of $10.57 and a one year high of $13.40. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $2.75 billion, a PE ratio of 12.39 and a beta of 0.61.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 10th. Stockholders of record on Wednesday, March 27th will be issued a $0.1656 dividend. This represents a $0.66 annualized dividend and a dividend yield of 5.19%. The ex-dividend date of this dividend is Tuesday, March 26th. Retail Properties of America’s dividend payout ratio (DPR) is presently 64.08%.
Several hedge funds and other institutional investors have recently bought and sold shares of RPAI. CWM LLC lifted its position in Retail Properties of America by 68.8% in the 4th quarter. CWM LLC now owns 3,697 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 1,507 shares during the last quarter. We Are One Seven LLC bought a new stake in Retail Properties of America in the 4th quarter valued at about $43,000. Pearl River Capital LLC bought a new stake in Retail Properties of America in the 4th quarter valued at about $71,000. SJA Financial Advisory LLC bought a new stake in Retail Properties of America in the 3rd quarter valued at about $122,000. Finally, MML Investors Services LLC bought a new stake in Retail Properties of America in the 3rd quarter valued at about $129,000. 85.95% of the stock is owned by institutional investors and hedge funds.
Retail Properties of America Company Profile
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, 2018, the Company owned 105 retail operating properties in the United States representing 19.5 million square feet.
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