Retail Properties of America (NYSE:RPAI) has been assigned a $14.00 price target by equities research analysts at Jefferies Group in a research report issued to clients and investors on Tuesday. The firm currently has a “hold” rating on the real estate investment trust’s stock. Jefferies Group’s price objective would indicate a potential upside of 22.27% from the stock’s previous close.

Several other equities research analysts have also issued reports on RPAI. Zacks Investment Research lowered shares of Retail Properties of America from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. BidaskClub lowered shares of Retail Properties of America from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. Robert W. Baird reissued a “buy” rating and issued a $18.00 price objective on shares of Retail Properties of America in a research report on Wednesday, November 1st. Boenning Scattergood reissued a “buy” rating and issued a $18.50 price objective on shares of Retail Properties of America in a research report on Thursday, November 2nd. Finally, KeyCorp raised shares of Retail Properties of America from a “sector weight” rating to an “overweight” rating and set a $16.00 price objective for the company in a research report on Monday, November 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. Retail Properties of America currently has a consensus rating of “Hold” and a consensus target price of $15.93.

Shares of Retail Properties of America (NYSE RPAI) opened at $11.45 on Tuesday. Retail Properties of America has a 52-week low of $10.94 and a 52-week high of $15.81. The stock has a market cap of $2,579.86, a price-to-earnings ratio of 17.62 and a beta of 0.32. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.84.

Retail Properties of America announced that its board has authorized a share buyback plan on Thursday, December 14th that permits the company to buyback $250.00 million in shares. This buyback authorization permits the real estate investment trust to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RPAI. Vident Investment Advisory LLC acquired a new stake in Retail Properties of America during the 3rd quarter valued at $135,000. Stratos Wealth Partners LTD. acquired a new stake in Retail Properties of America during the 3rd quarter valued at $148,000. Public Employees Retirement Association of Colorado grew its holdings in Retail Properties of America by 60.6% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 11,668 shares of the real estate investment trust’s stock valued at $157,000 after purchasing an additional 4,403 shares in the last quarter. Cetera Investment Advisers acquired a new stake in Retail Properties of America during the 2nd quarter valued at $179,000. Finally, Wolverine Trading LLC acquired a new stake in Retail Properties of America during the 3rd quarter valued at $186,000. 79.35% of the stock is owned by institutional investors and hedge funds.

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Retail Properties of America Company Profile

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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