Capital One Financial Equities Analysts Raise Earnings Estimates for Retail Properties of America Inc (NYSE:RPAI)

Retail Properties of America Inc (NYSE:RPAI) – Stock analysts at Capital One Financial upped their Q1 2020 earnings per share (EPS) estimates for Retail Properties of America in a note issued to investors on Tuesday, December 10th. Capital One Financial analyst C. Lucas now forecasts that the real estate investment trust will post earnings per share of $0.27 for the quarter, up from their previous forecast of $0.26. Capital One Financial also issued estimates for Retail Properties of America’s FY2020 earnings at $1.09 EPS and FY2021 earnings at $1.13 EPS.

Other equities research analysts have also recently issued research reports about the stock. ValuEngine raised shares of Retail Properties of America from a “strong sell” rating to a “sell” rating in a research report on Friday, October 25th. Compass Point started coverage on shares of Retail Properties of America in a research note on Thursday, August 15th. They issued a “neutral” rating and a $12.00 price objective on the stock. Finally, Zacks Investment Research upgraded shares of Retail Properties of America from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Saturday, December 7th.

Shares of RPAI opened at $13.29 on Thursday. The company has a 50 day moving average price of $13.83 and a 200-day moving average price of $12.43. Retail Properties of America has a fifty-two week low of $10.57 and a fifty-two week high of $14.30. The stock has a market capitalization of $2.97 billion, a PE ratio of 12.90, a PEG ratio of 9.39 and a beta of 0.53. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.89 and a current ratio of 0.89.

Retail Properties of America (NYSE:RPAI) last released its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.01. The company had revenue of $119.71 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was up .5% on a year-over-year basis. During the same period in the previous year, the company earned $0.25 EPS.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, December 26th will be issued a dividend of $0.166 per share. This represents a $0.66 annualized dividend and a yield of 5.00%. The ex-dividend date is Tuesday, December 24th. Retail Properties of America’s payout ratio is 64.08%.

A number of institutional investors and hedge funds have recently bought and sold shares of RPAI. Nomura Asset Management Co. Ltd. lifted its stake 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 worth $1,623,000 after buying an additional 900 shares in the last quarter. California State Teachers Retirement System grew its holdings in shares of Retail Properties of America by 0.3% in the third quarter. California State Teachers Retirement System now owns 339,464 shares of the real estate investment trust’s stock valued at $4,182,000 after purchasing an additional 916 shares in the last quarter. Point72 Hong Kong Ltd grew its holdings 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 purchasing an additional 951 shares in the last quarter. ETRADE Capital Management LLC lifted its stake in 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 worth $651,000 after acquiring an additional 1,089 shares during the last quarter. Finally, Colony Group LLC lifted its stake in Retail Properties of America by 1.0% in the third quarter. Colony Group LLC now owns 132,571 shares of the real estate investment trust’s stock worth $1,633,000 after acquiring an additional 1,265 shares during the last quarter. 86.96% of the stock is currently owned by institutional investors and hedge funds.

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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