Equities research analysts expect that Retail Properties of America, Inc. (NYSE:RPAI) will post sales of $132.44 million for the current quarter, Zacks reports. Five analysts have issued estimates for Retail Properties of America’s earnings. The lowest sales estimate is $124.24 million and the highest is $143.08 million. Retail Properties of America posted sales of $144.53 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 8.4%. The business is expected to announce its next earnings report after the market closes on Monday, October 30th.

According to Zacks, analysts expect that Retail Properties of America will report full year sales of $132.44 million for the current financial year, with estimates ranging from $520.00 million to $573.30 million. For the next financial year, analysts forecast that the company will post sales of $534.64 million per share, with estimates ranging from $486.82 million to $595.75 million. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Retail Properties of America.

Retail Properties of America (NYSE:RPAI) last posted its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.01. Retail Properties of America had a net margin of 34.57% and a return on equity of 9.20%. The firm had revenue of $137.34 million during the quarter, compared to the consensus estimate of $135.81 million. During the same period in the previous year, the firm posted $0.31 earnings per share. The business’s revenue was down 6.7% compared to the same quarter last year.

A number of research firms recently weighed in on RPAI. Jefferies Group LLC reaffirmed a “hold” rating and issued a $13.00 price objective on shares of Retail Properties of America in a research note on Tuesday. KeyCorp reaffirmed a “hold” rating on shares of Retail Properties of America in a research note on Friday, August 25th. BidaskClub raised shares of Retail Properties of America from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Citigroup Inc. reaffirmed a “buy” rating and issued a $15.00 price objective (down from $16.00) on shares of Retail Properties of America in a research note on Monday, July 10th. Finally, ValuEngine lowered shares of Retail Properties of America from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $16.08.

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Retail Properties of America (NYSE:RPAI) traded up 1.62% during midday trading on Friday, reaching $13.18. 2,228,993 shares of the company’s stock traded hands. Retail Properties of America has a 52-week low of $11.61 and a 52-week high of $17.57. The stock has a market cap of $3.04 billion, a P/E ratio of 16.68 and a beta of 0.47. The company’s 50-day moving average price is $13.03 and its 200-day moving average price is $13.53.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Investors of record on Tuesday, September 26th will be paid a $0.1656 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date of this dividend is Monday, September 25th. Retail Properties of America’s dividend payout ratio (DPR) is presently 82.50%.

Several hedge funds have recently added to or reduced their stakes in RPAI. Profund Advisors LLC purchased a new stake in Retail Properties of America during the second quarter valued at approximately $143,000. Brookstone Capital Management purchased a new stake in Retail Properties of America during the second quarter valued at approximately $146,000. Laurion Capital Management LP purchased a new stake in Retail Properties of America during the second quarter valued at approximately $153,000. Comerica Bank purchased a new stake in Retail Properties of America during the first quarter valued at approximately $156,000. Finally, SG Americas Securities LLC raised its stake in Retail Properties of America by 3.5% in the second quarter. SG Americas Securities LLC now owns 13,214 shares of the real estate investment trust’s stock valued at $161,000 after buying an additional 444 shares during the last quarter. 78.99% of the stock is owned by institutional investors and hedge funds.

Retail Properties of America Company Profile

Retail Properties of America, Inc is a real estate investment trust (REIT). The Company owns and operates shopping centers located in the United States. As of December 31, 2016, it owned 156 retail operating properties representing 25,832,000 square feet of gross leasable area (GLA). Its retail operating portfolio includes neighborhood and community centers, power centers, and lifestyle centers and multi-tenant retail-focused mixed-use properties, as well as single-user retail properties.

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