Retail Properties of America Inc (NYSE:RPAI) – Equities researchers at Capital One Financial dropped their FY2017 EPS estimates for shares of Retail Properties of America in a note issued to investors on Monday. Capital One Financial analyst C. Lucas now forecasts that the real estate investment trust will post earnings of $1.05 per share for the year, down from their previous estimate of $1.06. Capital One Financial also issued estimates for Retail Properties of America’s Q1 2018 earnings at $0.24 EPS, Q2 2018 earnings at $0.25 EPS, Q3 2018 earnings at $0.25 EPS, Q4 2018 earnings at $0.26 EPS, FY2018 earnings at $1.00 EPS and FY2019 earnings at $1.16 EPS.

A number of other equities research analysts also recently weighed in on RPAI. ValuEngine downgraded shares of Retail Properties of America from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. BidaskClub downgraded shares of Retail Properties of America from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Boenning Scattergood reaffirmed a “buy” rating and issued a $18.50 target price on shares of Retail Properties of America in a research note on Thursday, November 2nd. Robert W. Baird reaffirmed a “buy” rating and issued a $18.00 target price on shares of Retail Properties of America in a research note on Wednesday, November 1st. Finally, Zacks Investment Research downgraded shares of Retail Properties of America from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $15.93.

Shares of Retail Properties of America (RPAI) opened at $11.45 on Wednesday. The firm has a market cap of $2,575.31, a P/E ratio of 17.62 and a beta of 0.32. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.89 and a quick ratio of 0.89. Retail Properties of America has a one year low of $10.94 and a one year high of $15.81.

Retail Properties of America declared that its Board of Directors has initiated a stock repurchase program on Thursday, December 14th that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 10th. Shareholders of record on Tuesday, March 27th will be given a dividend of $0.1656 per share. This represents a $0.66 dividend on an annualized basis and a yield of 5.79%. The ex-dividend date of this dividend is Monday, March 26th. Retail Properties of America’s payout ratio is currently 101.54%.

A number of hedge funds and other institutional investors have recently modified their holdings of RPAI. Renaissance Technologies LLC grew its position in Retail Properties of America by 39.4% during the fourth quarter. Renaissance Technologies LLC now owns 5,154,055 shares of the real estate investment trust’s stock valued at $69,270,000 after acquiring an additional 1,455,955 shares during the last quarter. American Century Companies Inc. bought a new position in shares of Retail Properties of America in the fourth quarter worth approximately $18,630,000. Barings LLC bought a new position in shares of Retail Properties of America in the third quarter worth approximately $16,933,000. First Trust Advisors LP grew its holdings in shares of Retail Properties of America by 146.8% in the fourth quarter. First Trust Advisors LP now owns 671,458 shares of the real estate investment trust’s stock worth $9,024,000 after purchasing an additional 399,402 shares during the last quarter. Finally, Martingale Asset Management L P grew its holdings in shares of Retail Properties of America by 112.9% in the fourth quarter. Martingale Asset Management L P now owns 741,567 shares of the real estate investment trust’s stock worth $9,967,000 after purchasing an additional 393,172 shares during the last quarter. Institutional investors and hedge funds own 79.35% of the company’s stock.

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About Retail Properties of America

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.

Earnings History and Estimates for Retail Properties of America (NYSE:RPAI)

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