$0.26 EPS Expected for Retail Properties of America Inc (NYSE:RPAI) This Quarter

Brokerages expect that Retail Properties of America Inc (NYSE:RPAI) will post earnings per share of $0.26 for the current quarter, according to Zacks. Five analysts have made estimates for Retail Properties of America’s earnings, with estimates ranging from $0.26 to $0.27. Retail Properties of America also posted earnings of $0.26 per share during the same quarter last year. The firm is scheduled to announce its next earnings results after the market closes on Tuesday, February 18th.

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

Retail Properties of America (NYSE:RPAI) last released its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. The firm had revenue of $119.71 million for the quarter, compared to the consensus estimate of $118.71 million. Retail Properties of America had a net margin of 5.91% and a return on equity of 2.17%. The firm’s revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.25 earnings per share.

RPAI has been the topic of a number of research analyst reports. ValuEngine raised shares of Retail Properties of America from a “strong sell” rating to a “sell” rating in a report on Friday, October 25th. Zacks Investment Research raised shares of Retail Properties of America from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a report on Wednesday, October 2nd. Finally, Compass Point initiated coverage on shares of Retail Properties of America in a report on Thursday, August 15th. They set a “neutral” rating and a $12.00 price objective on the stock.

RPAI stock traded down $0.09 during trading on Friday, reaching $13.63. 1,764,000 shares of the company were exchanged, compared to its average volume of 1,471,193. The company has a market cap of $3.01 billion, a P/E ratio of 13.23, a PEG ratio of 9.53 and a beta of 0.52. Retail Properties of America has a 52-week low of $10.57 and a 52-week high of $14.22. The stock’s 50 day moving average price is $13.36 and its 200 day moving average price is $12.29. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.89 and a current ratio of 0.89.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, December 26th will be given a dividend of $0.166 per share. This represents a $0.66 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date of this dividend is Tuesday, December 24th. Retail Properties of America’s payout ratio is currently 64.08%.

In other Retail Properties of America news, Director Gerald M. Gorski sold 8,073 shares of Retail Properties of America stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $11.15, for a total transaction of $90,013.95. Following the completion of the transaction, the director now owns 61,775 shares in the company, valued at $688,791.25. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.62% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in RPAI. Nomura Asset Management Co. Ltd. raised its position in shares of Retail Properties of America by 0.7% in the second quarter. Nomura Asset Management Co. Ltd. now owns 138,000 shares of the real estate investment trust’s stock valued at $1,623,000 after buying an additional 900 shares during the last quarter. Point72 Hong Kong Ltd raised its position in shares of Retail Properties of America by 14.8% in the second quarter. Point72 Hong Kong Ltd now owns 7,358 shares of the real estate investment trust’s stock valued at $87,000 after buying an additional 951 shares during the last quarter. ETRADE Capital Management LLC raised its position in shares of Retail Properties of America by 2.0% in the second quarter. ETRADE Capital Management LLC now owns 55,343 shares of the real estate investment trust’s stock valued at $651,000 after buying an additional 1,089 shares during the last quarter. Advantage Investment Management LLC raised its position in shares of Retail Properties of America by 34.1% in the second 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 during the last quarter. Finally, Lincoln National Corp raised its position in shares of Retail Properties of America by 11.2% in the second quarter. Lincoln National Corp now owns 14,203 shares of the real estate investment trust’s stock valued at $167,000 after buying an additional 1,425 shares during the last quarter. Institutional investors own 83.05% 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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Earnings History and Estimates for Retail Properties of America (NYSE:RPAI)

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