Retail Properties of America (NYSE:RPAI) Earns Neutral Rating from Analysts at Compass Point

Compass Point began coverage on shares of Retail Properties of America (NYSE:RPAI) in a report published on Thursday, BenzingaRatingsTable reports. The brokerage issued a neutral rating and a $12.00 price target on the real estate investment trust’s stock.

RPAI has been the topic of a number of other reports. Zacks Investment Research cut Retail Properties of America from a buy rating to a hold rating in a research report on Thursday, May 30th. ValuEngine cut Retail Properties of America from a hold rating to a sell rating in a research report on Monday, June 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Retail Properties of America presently has an average rating of Hold and an average price target of $14.00.

Shares of RPAI opened at $11.39 on Thursday. The business’s 50-day moving average is $11.77 and its two-hundred day moving average is $12.20. The company has a market capitalization of $2.42 billion, a P/E ratio of 10.77, a P/E/G ratio of 7.77 and a beta of 0.52. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.13 and a current ratio of 1.13. Retail Properties of America has a fifty-two week low of $10.57 and a fifty-two week high of $13.33.

Retail Properties of America (NYSE:RPAI) last announced its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the 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 company had revenue of $118.45 million for the quarter, compared to analyst estimates of $119.22 million. During the same period in the prior year, the business posted $0.25 earnings per share. Retail Properties of America’s revenue for the quarter was down .6% on a year-over-year basis. Analysts forecast that Retail Properties of America will post 1.04 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Thursday, September 26th will be given a dividend of $0.166 per share. The ex-dividend date of this dividend is Wednesday, September 25th. This is a boost from Retail Properties of America’s previous quarterly dividend of $0.17. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.83%. Retail Properties of America’s dividend payout ratio (DPR) is 64.08%.

Large investors have recently bought and sold shares of the company. Resources Investment Advisors Inc. purchased a new position in Retail Properties of America in the 1st quarter valued at about $33,000. Marshall Wace North America L.P. purchased a new position in Retail Properties of America in the 1st quarter valued at about $33,000. Joseph P. Lucia & Associates LLC purchased a new position in Retail Properties of America in the 1st quarter valued at about $228,000. TRUE Private Wealth Advisors purchased a new position in Retail Properties of America in the 2nd quarter valued at about $50,000. Finally, Advantage Investment Management LLC lifted its stake in Retail Properties of America by 34.1% in the 2nd quarter. Advantage Investment Management LLC now owns 4,970 shares of the real estate investment trust’s stock valued at $58,000 after buying an additional 1,264 shares in the last quarter. Hedge funds and other institutional investors own 80.50% of the company’s stock.

About Retail Properties of America

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

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