Equities research analysts predict that Retail Properties of America Inc (NYSE:RPAI) will report earnings of $0.26 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Retail Properties of America’s earnings, with estimates ranging from $0.22 to $0.27. Retail Properties of America also reported earnings of $0.26 per share during the same quarter last year. The firm is scheduled to issue its next quarterly earnings results after the market closes on Tuesday, October 29th.

According to Zacks, analysts expect that Retail Properties of America will report full year earnings of $1.05 per share for the current fiscal year, with EPS estimates ranging from $1.02 to $1.06. For the next financial year, analysts forecast that the company will report earnings of $1.07 per share, with EPS estimates ranging from $1.07 to $1.08. Zacks’ earnings per share calculations are an average based on a survey of research analysts that cover Retail Properties of America.

Retail Properties of America (NYSE:RPAI) last announced its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.16). Retail Properties of America had a net margin of 14.46% and a return on equity of 3.96%. The business had revenue of $118.45 million for the quarter, compared to the consensus estimate of $119.22 million. During the same period in the prior year, the company earned $0.25 EPS. Retail Properties of America’s quarterly revenue was down .6% on a year-over-year basis.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Retail Properties of America from a “buy” rating to a “hold” rating in a research report on Thursday, May 30th. Compass Point started coverage on shares of Retail Properties of America in a research report on Thursday, August 15th. They issued a “neutral” rating and a $12.00 target price for the company. Finally, ValuEngine cut shares of Retail Properties of America from a “hold” rating to a “sell” rating in a research report on Monday, June 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Retail Properties of America currently has a consensus rating of “Hold” and a consensus price target of $13.80.

Shares of NYSE:RPAI traded down $0.12 during trading on Friday, reaching $12.00. 1,582,676 shares of the company’s stock traded hands, compared to its average volume of 1,343,814. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.13 and a quick ratio of 1.13. Retail Properties of America has a 12 month low of $10.57 and a 12 month high of $13.33. The company has a 50 day moving average of $11.59 and a 200-day moving average of $12.02. The stock has a market capitalization of $2.58 billion, a P/E ratio of 11.65, a price-to-earnings-growth ratio of 8.13 and a beta of 0.52.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Shareholders of record on Thursday, September 26th will be given a $0.166 dividend. This is a boost from Retail Properties of America’s previous quarterly dividend of $0.17. The ex-dividend date is Wednesday, September 25th. This represents a $0.66 annualized dividend and a yield of 5.53%. Retail Properties of America’s dividend payout ratio is 64.08%.

In other Retail Properties of America news, Director Gerald M. Gorski sold 8,073 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $11.15, for a total value of $90,013.95. Following the completion of the transaction, the director now owns 61,775 shares in the company, valued at approximately $688,791.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.62% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of RPAI. LSV Asset Management lifted its stake in shares of Retail Properties of America by 9.3% in the 2nd quarter. LSV Asset Management now owns 2,119,800 shares of the real estate investment trust’s stock worth $24,928,000 after acquiring an additional 180,000 shares during the period. Great West Life Assurance Co. Can lifted its stake in shares of Retail Properties of America by 1.2% in the 1st quarter. Great West Life Assurance Co. Can now owns 174,560 shares of the real estate investment trust’s stock worth $2,127,000 after acquiring an additional 2,035 shares during the period. Los Angeles Capital Management & Equity Research Inc. lifted its stake in shares of Retail Properties of America by 11.8% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 342,720 shares of the real estate investment trust’s stock worth $4,030,000 after acquiring an additional 36,100 shares during the period. Neuburgh Advisers LLC lifted its stake in shares of Retail Properties of America by 113.5% in the 1st quarter. Neuburgh Advisers LLC now owns 384,880 shares of the real estate investment trust’s stock worth $4,692,000 after acquiring an additional 204,646 shares during the period. Finally, Veritable L.P. lifted its stake in shares of Retail Properties of America by 22.2% in the 2nd quarter. Veritable L.P. now owns 33,794 shares of the real estate investment trust’s stock worth $397,000 after acquiring an additional 6,130 shares during the period. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Retail Properties of America Company Profile

Retail Properties of America, Inc is a REIT that owns and operates high quality, strategically located open-air shopping centers, including properties with a mixed-use component. As of December 31, 2018, the Company owned 105 retail operating properties in the United States representing 20.1 million square feet.

Featured Story: Do closed-end mutual funds pay dividends?

Get a free copy of the Zacks research report on Retail Properties of America (RPAI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Retail Properties of America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Retail Properties of America and related companies with MarketBeat.com's FREE daily email newsletter.