Retail Properties of America, Inc. (NYSE:RPAI) has received an average recommendation of “Hold” from the nine ratings firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $15.13.

A number of research analysts have recently weighed in on the company. BidaskClub upgraded Retail Properties of America from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 9th. Zacks Investment Research upgraded Retail Properties of America from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Wednesday, October 11th. Jefferies Group LLC restated a “hold” rating and issued a $13.00 target price on shares of Retail Properties of America in a report on Tuesday, August 29th. Citigroup Inc. restated a “buy” rating and issued a $15.00 target price (down previously from $16.00) on shares of Retail Properties of America in a report on Monday, July 10th. Finally, KeyCorp restated a “hold” rating on shares of Retail Properties of America in a report on Friday, August 25th.

In other Retail Properties of America news, Director Gerald M. Gorski sold 4,790 shares of the firm’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $13.59, for a total value of $65,096.10. Following the completion of the sale, the director now directly owns 46,907 shares of the company’s stock, valued at $637,466.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.40% of the company’s stock.

Large investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its stake in Retail Properties of America by 2,354.6% during the first quarter. BlackRock Inc. now owns 18,340,329 shares of the real estate investment trust’s stock worth $264,469,000 after purchasing an additional 17,593,152 shares during the last quarter. State Street Corp lifted its stake in Retail Properties of America by 56.2% during the first quarter. State Street Corp now owns 7,605,929 shares of the real estate investment trust’s stock worth $109,678,000 after purchasing an additional 2,736,360 shares during the last quarter. Numeric Investors LLC lifted its stake in Retail Properties of America by 10,872.3% during the second quarter. Numeric Investors LLC now owns 1,108,199 shares of the real estate investment trust’s stock worth $13,531,000 after purchasing an additional 1,098,099 shares during the last quarter. Balyasny Asset Management LLC lifted its stake in Retail Properties of America by 135.1% during the second quarter. Balyasny Asset Management LLC now owns 1,493,991 shares of the real estate investment trust’s stock worth $18,242,000 after purchasing an additional 858,409 shares during the last quarter. Finally, Teachers Advisors LLC lifted its stake in Retail Properties of America by 253.9% during the first quarter. Teachers Advisors LLC now owns 1,139,845 shares of the real estate investment trust’s stock worth $16,437,000 after purchasing an additional 817,756 shares during the last quarter. 78.98% of the stock is owned by institutional investors.

Retail Properties of America (NYSE RPAI) traded down 1.45% during trading on Wednesday, hitting $12.24. The stock had a trading volume of 2,254,856 shares. The firm has a market capitalization of $2.82 billion, a P/E ratio of 15.49 and a beta of 0.44. Retail Properties of America has a one year low of $11.61 and a one year high of $15.81. The stock has a 50 day moving average of $13.13 and a 200 day moving average of $13.01.

Retail Properties of America (NYSE:RPAI) last announced its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.01. The business had revenue of $137.34 million for the quarter, compared to analyst estimates of $135.81 million. Retail Properties of America had a return on equity of 9.20% and a net margin of 34.57%. The company’s quarterly revenue was down 6.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.31 earnings per share. Equities research analysts expect that Retail Properties of America will post $0.51 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Wednesday, December 27th will be given a dividend of $0.1656 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.41%. The ex-dividend date is Friday, December 22nd. Retail Properties of America’s payout ratio is 82.50%.

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About Retail Properties of America

Retail Properties of America, Inc is a real estate investment trust (REIT). The Company owns and operates shopping centers located in the United States. As of December 31, 2016, it owned 156 retail operating properties representing 25,832,000 square feet of gross leasable area (GLA). Its retail operating portfolio includes neighborhood and community centers, power centers, and lifestyle centers and multi-tenant retail-focused mixed-use properties, as well as single-user retail properties.

Analyst Recommendations for Retail Properties of America (NYSE:RPAI)

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