Retail Properties of America Inc. (NYSE:RPAI)‘s stock had its “hold” rating reaffirmed by Jefferies Group in a research note issued to investors on Wednesday.

Other equities research analysts have also recently issued reports about the company. Zacks Investment Research raised Retail Properties of America from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Tuesday, October 25th. Citigroup Inc. lifted their target price on Retail Properties of America from $19.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, August 11th. TheStreet upgraded Retail Properties of America from a “hold” rating to a “buy” rating in a report on Tuesday, August 2nd. Deutsche Bank AG reiterated a “buy” rating on shares of Retail Properties of America in a report on Friday, September 23rd. Finally, Boenning Scattergood upgraded Retail Properties of America from a “neutral” rating to an “outperform” rating and set a $19.00 target price for the company in a report on Monday, October 3rd. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Retail Properties of America has a consensus rating of “Buy” and a consensus price target of $17.13.

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

Retail Properties of America (NYSE:RPAI) opened at 14.96 on Wednesday. The stock has a 50 day moving average price of $15.88 and a 200-day moving average price of $16.46. Retail Properties of America has a one year low of $14.02 and a one year high of $17.78. The firm has a market capitalization of $3.54 billion, a price-to-earnings ratio of 25.02 and a beta of 0.45.

Retail Properties of America (NYSE:RPAI) last issued its quarterly earnings data on Tuesday, November 1st. The company reported $0.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.01. Retail Properties of America had a return on equity of 7.01% and a net margin of 25.71%. The business earned $144.53 million during the quarter, compared to analysts’ expectations of $144.90 million. During the same period in the previous year, the firm posted $0.27 earnings per share. The company’s revenue was down 4.3% on a year-over-year basis. On average, analysts predict that Retail Properties of America will post $1.07 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in RPAI. BNP Paribas Arbitrage SA boosted its stake in Retail Properties of America by 1.1% in the second quarter. BNP Paribas Arbitrage SA now owns 36,105 shares of the company’s stock worth $610,000 after buying an additional 378 shares during the period. Shinko Asset Management Co. Ltd. boosted its stake in Retail Properties of America by 17.6% in the second quarter. Shinko Asset Management Co. Ltd. now owns 4,726,337 shares of the company’s stock worth $79,875,000 after buying an additional 706,216 shares during the period. Heitman Real Estate Securities LLC boosted its stake in Retail Properties of America by 2.4% in the first quarter. Heitman Real Estate Securities LLC now owns 8,183,000 shares of the company’s stock worth $129,701,000 after buying an additional 189,110 shares during the period. State Street Corp boosted its stake in Retail Properties of America by 1.7% in the first quarter. State Street Corp now owns 4,143,942 shares of the company’s stock worth $65,677,000 after buying an additional 71,259 shares during the period. Finally, Invictus RG purchased a new stake in Retail Properties of America during the first quarter worth approximately $124,000. 80.36% of the stock is owned by institutional investors.

Retail Properties of America Company Profile

Retail Properties of America, Inc, formerly Inland Western Retail Real Estate Trust, Inc, is a real estate investment trust (REIT). The Company owns and operates shopping centers in the United States. The Company’s retail operating portfolio includes power centers, neighborhood and community centers, and lifestyle centers and predominantly multi-tenant retail mixed-use properties, as well as single-user retail properties.

5 Day Chart for NYSE:RPAI

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