Brokerages predict that Retail Properties of America Inc (NYSE:RPAI) will post $0.26 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Retail Properties of America’s earnings. The lowest EPS estimate is $0.22 and the highest is $0.27. Retail Properties of America also posted earnings of $0.26 per share during the same quarter last year. The company is scheduled to issue its next quarterly earnings report after the market closes on Tuesday, October 29th.

According to Zacks, analysts expect that Retail Properties of America will report full-year earnings of $1.04 per share for the current fiscal year, with EPS estimates ranging from $1.02 to $1.06. For the next fiscal year, analysts forecast that the company will post earnings of $1.07 per share, with EPS estimates ranging from $1.06 to $1.08. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Retail Properties of America.

Retail Properties of America (NYSE:RPAI) last announced its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.16). Retail Properties of America had a return on equity of 3.96% and a net margin of 14.46%. The business had revenue of $118.45 million for the quarter, compared to analyst estimates of $119.22 million. During the same quarter in the previous year, the company earned $0.25 EPS. The business’s revenue for the quarter was down .6% on a year-over-year basis.

Several research firms recently issued reports on RPAI. ValuEngine lowered shares of Retail Properties of America from a “hold” rating to a “sell” rating in a research report on Monday, June 24th. Compass Point began coverage on shares of Retail Properties of America in a research report on Thursday, August 15th. They set a “neutral” rating and a $12.00 price target on the stock. Finally, Zacks Investment Research lowered shares of Retail Properties of America from a “buy” rating to a “hold” rating in a research report on Thursday, May 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. Retail Properties of America presently has a consensus rating of “Hold” and a consensus target price of $14.00.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Zimmer Partners LP increased its holdings in shares of Retail Properties of America by 1,341.7% during the second quarter. Zimmer Partners LP now owns 4,325,000 shares of the real estate investment trust’s stock valued at $50,862,000 after acquiring an additional 4,025,000 shares in the last quarter. Norges Bank purchased a new position in shares of Retail Properties of America in the fourth quarter valued at $28,893,000. Centersquare Investment Management LLC grew its holdings in shares of Retail Properties of America by 41.1% in the first quarter. Centersquare Investment Management LLC now owns 7,616,426 shares of the real estate investment trust’s stock valued at $92,844,000 after purchasing an additional 2,218,646 shares in the last quarter. Nuveen Asset Management LLC grew its holdings in shares of Retail Properties of America by 128.2% in the second quarter. Nuveen Asset Management LLC now owns 1,171,224 shares of the real estate investment trust’s stock valued at $13,773,000 after purchasing an additional 658,023 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Retail Properties of America by 15.2% in the second quarter. Bank of New York Mellon Corp now owns 4,785,348 shares of the real estate investment trust’s stock valued at $56,276,000 after purchasing an additional 632,468 shares in the last quarter. Institutional investors and hedge funds own 80.44% of the company’s stock.

Shares of NYSE:RPAI traded down $0.01 on Friday, reaching $11.30. 2,052,949 shares of the company’s stock were exchanged, compared to its average volume of 1,351,598. The company has a fifty day moving average of $11.74 and a 200-day moving average of $12.18. Retail Properties of America has a twelve month low of $10.57 and a twelve month high of $13.33. The company has a market capitalization of $2.43 billion, a price-to-earnings ratio of 10.97, a PEG ratio of 7.82 and a beta of 0.52. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.01.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 10th. Investors of record on Thursday, September 26th will be given a dividend of $0.166 per share. This is a positive change from Retail Properties of America’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Wednesday, September 25th. This represents a $0.66 annualized dividend and a dividend yield of 5.88%. Retail Properties of America’s dividend payout ratio (DPR) is currently 64.08%.

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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Earnings History and Estimates for Retail Properties of America (NYSE:RPAI)

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