Retail Properties of America (RPAI) Issues FY18 Earnings Guidance
Retail Properties of America (NYSE:RPAI) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided EPS guidance of $0.98-$1.02 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.02.
Retail Properties of America (NYSE:RPAI) opened at $11.69 on Thursday. The stock has a market capitalization of $2,600.29, a P/E ratio of 11.24 and a beta of 0.32. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84. Retail Properties of America has a 1 year low of $10.94 and a 1 year high of $15.81.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 10th. Investors of record on Tuesday, March 27th will be given a dividend of $0.1656 per share. The ex-dividend date is Monday, March 26th. This represents a $0.66 annualized dividend and a dividend yield of 5.67%. Retail Properties of America’s payout ratio is 63.46%.
A number of analysts recently commented on the company. JPMorgan Chase & Co. upgraded Retail Properties of America from a neutral rating to an overweight rating and set a $15.00 price target on the stock in a report on Friday, December 15th. ValuEngine lowered Retail Properties of America from a buy rating to a hold rating in a report on Sunday, December 31st. Jefferies Group set a $14.00 price target on Retail Properties of America and gave the stock a hold rating in a report on Friday, December 15th. KeyCorp upgraded Retail Properties of America from a sector weight rating to an overweight rating and set a $16.00 price target on the stock in a report on Monday, November 20th. Finally, Zacks Investment Research lowered Retail Properties of America from a buy rating to a hold rating in a report on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $16.00.
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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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