Zacks Investment Research lowered shares of Retail Properties of America Inc. (NYSE:RPAI) from a buy rating to a hold rating in a research report released on Wednesday morning.

According to Zacks, “Retail Properties of America, Inc. is a real estate investment trust that owns and operates shopping centers in the United States. Its retail-operating portfolio includes power centers, community centers, neighborhood centers, lifestyle centers and single-user retail properties. The Company’s retail properties are primarily located in retail districts. Retail Properties of America, Inc. is headquartered in Oak Brook, IL. “

Several other equities research analysts have also commented on RPAI. TheStreet upgraded Retail Properties of America from a hold rating to a buy rating in a research note on Tuesday, August 2nd. Citigroup Inc. upped their price target on Retail Properties of America from $19.00 to $20.00 and gave the company a buy rating in a research report on Thursday, August 11th. Jefferies Group restated a hold rating on shares of Retail Properties of America in a research report on Tuesday, August 23rd. Deutsche Bank AG restated a buy rating on shares of Retail Properties of America in a research 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 price target for the company in a research report on Monday, October 3rd. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $17.00.

Retail Properties of America (NYSE:RPAI) traded down 0.428% during midday trading on Wednesday, hitting $15.125. The stock had a trading volume of 488,677 shares. The company has a market cap of $3.58 billion, a PE ratio of 25.293 and a beta of 0.45. Retail Properties of America has a 12-month low of $14.02 and a 12-month high of $17.78. The firm has a 50-day moving average of $15.67 and a 200-day moving average of $16.44.

Retail Properties of America (NYSE:RPAI) last posted its quarterly earnings data on Tuesday, November 1st. The company reported $0.27 EPS for the quarter, topping the Thomson Reuters’ 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 company earned $144.53 million during the quarter, compared to analyst estimates of $144.90 million. During the same period in the previous year, the business earned $0.27 EPS. Retail Properties of America’s quarterly revenue was down 4.3% on a year-over-year basis. Equities research analysts forecast that Retail Properties of America will post $1.08 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RPAI. Invictus RG purchased a new position in Retail Properties of America during the first quarter worth approximately $124,000. HBK Investments L P boosted its position in Retail Properties of America by 171.4% in the first quarter. HBK Investments L P now owns 30,400 shares of the company’s stock worth $482,000 after buying an additional 19,200 shares during the period. Geode Capital Management LLC boosted its position in Retail Properties of America by 10.2% in the first quarter. Geode Capital Management LLC now owns 1,539,526 shares of the company’s stock worth $24,401,000 after buying an additional 142,349 shares during the period. State Street Corp boosted its position 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, JPMorgan Chase & Co. boosted its position in Retail Properties of America by 230.3% in the first quarter. JPMorgan Chase & Co. now owns 223,269 shares of the company’s stock worth $3,539,000 after buying an additional 155,663 shares during the period. Institutional investors own 80.50% of the company’s stock.

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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