Equities research analysts predict that Retail Properties of America Inc (NYSE:RPAI) will report earnings per share (EPS) of $0.26 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Retail Properties of America’s earnings, with the lowest EPS estimate coming in at $0.25 and the highest estimate coming in at $0.27. Retail Properties of America posted earnings per share of $0.25 during the same quarter last year, which suggests a positive year-over-year growth rate of 4%. The business is scheduled to announce its next earnings report after the market closes on Tuesday, April 30th.
According to Zacks, analysts expect that Retail Properties of America will report full year earnings of $1.05 per share for the current fiscal year, with EPS estimates ranging from $1.04 to $1.05. For the next year, analysts expect that the business will report earnings of $1.07 per share, with EPS estimates ranging from $1.06 to $1.09. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover Retail Properties of America.
Retail Properties of America (NYSE:RPAI) last released its quarterly earnings data on Tuesday, February 12th. The real estate investment trust reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. The company had revenue of $119.30 million for the quarter, compared to analysts’ expectations of $119.77 million. Retail Properties of America had a net margin of 16.09% and a return on equity of 4.24%. The firm’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same quarter last year, the company earned $0.25 earnings per share.
A number of research analysts recently issued reports on RPAI shares. Zacks Investment Research upgraded Retail Properties of America from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Tuesday. KeyCorp set a $15.00 price target on Retail Properties of America and gave the stock a “buy” rating in a research report on Thursday, December 20th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $14.43.
Shares of Retail Properties of America stock traded up $0.20 during trading hours on Monday, hitting $12.43. The company had a trading volume of 2,087,120 shares, compared to its average volume of 1,555,177. 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 stock has a market cap of $2.61 billion, a price-to-earnings ratio of 12.07, a PEG ratio of 5.32 and a beta of 0.57. Retail Properties of America has a twelve month low of $10.57 and a twelve month high of $13.40.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 10th. Investors of record on Wednesday, March 27th will be paid a dividend of $0.1656 per share. This represents a $0.66 dividend on an annualized basis and a yield of 5.33%. The ex-dividend date is Tuesday, March 26th. Retail Properties of America’s dividend payout ratio is currently 64.08%.
Institutional investors have recently modified their holdings of the business. First Hawaiian Bank boosted its stake in shares of Retail Properties of America by 105.3% during the first quarter. First Hawaiian Bank now owns 12,710 shares of the real estate investment trust’s stock worth $155,000 after buying an additional 6,520 shares during the period. Deutsche Bank AG grew its holdings in shares of Retail Properties of America by 51.6% during the fourth quarter. Deutsche Bank AG now owns 6,908,365 shares of the real estate investment trust’s stock worth $74,952,000 after buying an additional 2,350,634 shares during the last quarter. Norges Bank purchased a new position in shares of Retail Properties of America during the fourth quarter worth about $28,893,000. APG Asset Management N.V. acquired a new position in Retail Properties of America in the 4th quarter valued at about $1,234,000. Finally, UBS Oconnor LLC acquired a new position in Retail Properties of America in the 4th quarter valued at about $1,769,000. 84.54% of the stock is currently owned by institutional investors.
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 December 31, 2018, the Company owned 105 retail operating properties in the United States representing 20.1 million square feet.
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