Equities research analysts predict that Retail Properties of America Inc (NYSE:RPAI) will announce $0.25 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Retail Properties of America’s earnings, with estimates ranging from $0.22 to $0.27. Retail Properties of America posted earnings of $0.26 per share in the same quarter last year, which indicates a negative year over year growth rate of 3.8%. The business is scheduled to issue its next quarterly earnings report on Tuesday, August 4th.

On average, analysts expect that Retail Properties of America will report full year earnings of $0.99 per share for the current financial year, with EPS estimates ranging from $0.96 to $1.07. For the next financial year, analysts expect that the business will post earnings of $0.98 per share, with EPS estimates ranging from $0.91 to $1.11. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Retail Properties of America.

Retail Properties of America (NYSE:RPAI) last announced its quarterly earnings results on Tuesday, May 5th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.18). Retail Properties of America had a net margin of 6.60% and a return on equity of 2.14%. The company had revenue of $118.70 million during the quarter, compared to analysts’ expectations of $120.52 million.

RPAI has been the subject of a number of research reports. Zacks Investment Research raised shares of Retail Properties of America from a “sell” rating to a “hold” rating in a research report on Thursday, May 7th. Compass Point cut shares of Retail Properties of America from a “neutral” rating to a “sell” rating and set a $10.00 target price for the company. in a report on Tuesday, March 3rd. KeyCorp reduced their target price on shares of Retail Properties of America from $15.00 to $9.00 and set an “overweight” rating for the company in a report on Friday, April 3rd. Deutsche Bank reduced their target price on shares of Retail Properties of America from $16.00 to $10.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $16.00 target price on shares of Retail Properties of America in a report on Monday, March 2nd. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $11.00.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Coastal Investment Advisors Inc. purchased a new position in Retail Properties of America during the fourth quarter worth about $34,000. Marshall Wace North America L.P. acquired a new position in Retail Properties of America during the first quarter worth about $33,000. Westpac Banking Corp acquired a new position in Retail Properties of America during the fourth quarter worth about $37,000. Quantbot Technologies LP acquired a new position in Retail Properties of America during the fourth quarter worth about $41,000. Finally, TRUE Private Wealth Advisors acquired a new position in Retail Properties of America during the fourth quarter worth about $57,000. 85.34% of the stock is owned by hedge funds and other institutional investors.

RPAI traded down $0.26 on Friday, reaching $4.22. The company had a trading volume of 2,876,173 shares, compared to its average volume of 2,492,873. Retail Properties of America has a 1 year low of $2.87 and a 1 year high of $14.30. The stock has a market capitalization of $1.15 billion, a PE ratio of 28.13 and a beta of 1.38. The company has a quick ratio of 9.77, a current ratio of 9.77 and a debt-to-equity ratio of 1.59. The stock has a 50-day moving average price of $5.12 and a 200-day moving average price of $10.52.

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.

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

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