Retail Properties of America Inc. (NYSE:RPAI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Friday. The brokerage presently has a $17.00 price target on the stock. Zacks Investment Research’s target price suggests a potential upside of 12.81% from the company’s previous close.

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. “

RPAI has been the subject of several other research reports. Deutsche Bank AG restated a “buy” rating on shares of Retail Properties of America in a report on Friday, September 23rd. Boenning Scattergood upgraded shares of 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. TheStreet upgraded shares of Retail Properties of America from a “hold” rating to a “buy” rating in a report on Tuesday, August 2nd. Citigroup Inc. upped their target price on shares of Retail Properties of America from $19.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, August 11th. Finally, Jefferies Group restated a “hold” rating on shares of Retail Properties of America in a report on Tuesday, August 23rd. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $17.00.

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

Shares of Retail Properties of America (NYSE:RPAI) opened at 15.07 on Friday. The firm has a market cap of $3.57 billion, a price-to-earnings ratio of 25.20 and a beta of 0.45. Retail Properties of America has a 52-week low of $14.02 and a 52-week high of $17.78. The company’s 50-day moving average is $15.52 and its 200 day moving average is $16.41.

Retail Properties of America (NYSE:RPAI) last posted its quarterly earnings results on Tuesday, November 1st. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.26 by $0.01. Retail Properties of America had a net margin of 25.71% and a return on equity of 7.01%. The company earned $144.53 million during the quarter, compared to analysts’ expectations of $144.90 million. During the same quarter in the previous year, the business posted $0.27 EPS. The firm’s revenue was down 4.3% on a year-over-year basis. On average, analysts expect that Retail Properties of America will post $1.08 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in RPAI. CWM LLC increased its position in shares of Retail Properties of America by 54.5% in the third quarter. CWM LLC now owns 6,261 shares of the company’s stock worth $105,000 after buying an additional 2,208 shares during the last quarter. TLP Group LLC purchased a new position in shares of Retail Properties of America during the third quarter worth approximately $111,000. Quantbot Technologies LP purchased a new position in shares of Retail Properties of America during the second quarter worth approximately $112,000. Creative Planning increased its position in shares of Retail Properties of America by 17.3% in the second quarter. Creative Planning now owns 7,420 shares of the company’s stock worth $125,000 after buying an additional 1,096 shares during the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Retail Properties of America during the third quarter worth approximately $125,000. Institutional investors own 81.13% 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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