Retail Properties of America, Inc. (NYSE:RPAI) Receives Average Rating of “Hold” from Analysts

Retail Properties of America, Inc. (NYSE:RPAI) has earned an average rating of “Hold” from the nine research firms that are currently covering the firm, MarketBeat reports. Six analysts have rated the stock with a hold recommendation. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $9.75.

RPAI has been the topic of a number of research reports. Robert W. Baird reaffirmed a “neutral” rating on shares of Retail Properties of America in a report on Monday, April 19th. Deutsche Bank Aktiengesellschaft increased their target price on Retail Properties of America from $12.00 to $14.00 and gave the stock a “hold” rating in a report on Tuesday, June 8th. Finally, Zacks Investment Research lowered Retail Properties of America from a “buy” rating to a “hold” rating in a report on Wednesday.

Shares of NYSE RPAI opened at $12.18 on Thursday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.10. The firm has a fifty day moving average price of $11.85. Retail Properties of America has a one year low of $5.14 and a one year high of $12.79. The firm has a market cap of $2.62 billion, a price-to-earnings ratio of -609.00 and a beta of 1.76.

Retail Properties of America (NYSE:RPAI) last issued its quarterly earnings data on Tuesday, May 4th. The real estate investment trust reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.18). Retail Properties of America had a negative net margin of 0.71% and a negative return on equity of 0.19%. As a group, research analysts expect that Retail Properties of America will post 0.88 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 9th. Investors of record on Friday, June 25th were given a dividend of $0.075 per share. This is an increase from Retail Properties of America’s previous quarterly dividend of $0.07. This represents a $0.30 annualized dividend and a dividend yield of 2.46%. The ex-dividend date was Thursday, June 24th. Retail Properties of America’s dividend payout ratio is currently 35.71%.

Hedge funds have recently made changes to their positions in the stock. Norges Bank bought a new position in Retail Properties of America in the fourth quarter valued at about $25,428,000. Morgan Stanley raised its position in Retail Properties of America by 342.0% in the first quarter. Morgan Stanley now owns 3,111,283 shares of the real estate investment trust’s stock valued at $32,605,000 after purchasing an additional 2,407,328 shares during the last quarter. Russell Investments Group Ltd. raised its position in Retail Properties of America by 209.7% in the first quarter. Russell Investments Group Ltd. now owns 3,286,782 shares of the real estate investment trust’s stock valued at $34,443,000 after purchasing an additional 2,225,611 shares during the last quarter. JPMorgan Chase & Co. raised its position in Retail Properties of America by 20.7% in the fourth quarter. JPMorgan Chase & Co. now owns 3,300,631 shares of the real estate investment trust’s stock valued at $28,254,000 after purchasing an additional 565,203 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Retail Properties of America by 7.6% in the first quarter. Geode Capital Management LLC now owns 4,078,912 shares of the real estate investment trust’s stock valued at $42,747,000 after purchasing an additional 289,498 shares during the last quarter. Institutional investors and hedge funds own 89.98% of the company’s stock.

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 September 30, 2020, the Company owned 102 retail operating properties in the United States representing 20.0 million square feet.

See Also: Percentage Decliners

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

Receive News & Ratings for Retail Properties of America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Retail Properties of America and related companies with MarketBeat.com's FREE daily email newsletter.