Retail Properties of America Inc (RPAI) Expected to Post Earnings of $0.25 Per Share

Wall Street analysts forecast that Retail Properties of America Inc (NYSE:RPAI) will post $0.25 earnings per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Retail Properties of America’s earnings, with the highest EPS estimate coming in at $0.25 and the lowest estimate coming in at $0.24. Retail Properties of America reported earnings of $0.27 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 7.4%. The business is expected to announce its next earnings results after the market closes on Tuesday, July 31st.

On average, analysts expect that Retail Properties of America will report full-year earnings of $1.01 per share for the current financial year, with EPS estimates ranging from $1.01 to $1.02. For the next financial year, analysts anticipate that the firm will report earnings of $1.07 per share, with EPS estimates ranging from $1.04 to $1.12. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Retail Properties of America.

Retail Properties of America (NYSE:RPAI) last posted its quarterly earnings data on Tuesday, May 1st. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.06). Retail Properties of America had a return on equity of 15.25% and a net margin of 58.23%. The business had revenue of $124.80 million for the quarter, compared to analyst estimates of $123.56 million. During the same quarter last year, the business earned $0.28 EPS. Retail Properties of America’s revenue for the quarter was down 13.2% compared to the same quarter last year.

Several equities research analysts have recently issued reports on RPAI shares. Boenning Scattergood set a $16.00 price objective on Retail Properties of America and gave the stock a “buy” rating in a report on Thursday, May 3rd. Zacks Investment Research upgraded Retail Properties of America from a “sell” rating to a “hold” rating in a report on Thursday, March 1st. Jefferies Financial Group set a $13.00 price objective on Retail Properties of America and gave the stock a “hold” rating in a report on Tuesday, February 27th. ValuEngine upgraded Retail Properties of America from a “sell” rating to a “hold” rating in a report on Thursday, June 21st. Finally, JPMorgan Chase & Co. cut Retail Properties of America from an “overweight” rating to a “neutral” rating in a report on Friday, June 15th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. Retail Properties of America has an average rating of “Hold” and a consensus price target of $15.36.

Institutional investors have recently modified their holdings of the stock. Sei Investments Co. boosted its holdings in Retail Properties of America by 16.7% in the fourth quarter. Sei Investments Co. now owns 1,020,035 shares of the real estate investment trust’s stock valued at $13,709,000 after acquiring an additional 145,616 shares during the last quarter. Macquarie Group Ltd. boosted its holdings in Retail Properties of America by 96.5% in the fourth quarter. Macquarie Group Ltd. now owns 1,115,023 shares of the real estate investment trust’s stock valued at $18,753,000 after acquiring an additional 547,510 shares during the last quarter. Chartwell Investment Partners LLC boosted its holdings in Retail Properties of America by 36.0% in the fourth quarter. Chartwell Investment Partners LLC now owns 129,505 shares of the real estate investment trust’s stock valued at $1,741,000 after acquiring an additional 34,250 shares during the last quarter. Capital Analysts LLC boosted its holdings in Retail Properties of America by 808.6% in the fourth quarter. Capital Analysts LLC now owns 15,474 shares of the real estate investment trust’s stock valued at $3,642,000 after acquiring an additional 13,771 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Retail Properties of America by 15.5% in the fourth quarter. Bank of New York Mellon Corp now owns 1,840,914 shares of the real estate investment trust’s stock valued at $24,741,000 after acquiring an additional 246,389 shares during the last quarter. Hedge funds and other institutional investors own 81.52% of the company’s stock.

Shares of RPAI stock traded down $0.03 during mid-day trading on Thursday, hitting $12.98. 39,752 shares of the company’s stock were exchanged, compared to its average volume of 2,009,821. Retail Properties of America has a fifty-two week low of $10.84 and a fifty-two week high of $13.78. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $2.88 billion, a price-to-earnings ratio of 12.28 and a beta of 0.32.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 10th. Investors of record on Tuesday, June 26th will be issued a $0.166 dividend. The ex-dividend date is Monday, June 25th. This represents a $0.66 dividend on an annualized basis and a yield of 5.12%. This is a boost from Retail Properties of America’s previous quarterly dividend of $0.17. Retail Properties of America’s dividend payout ratio (DPR) is presently 62.26%.

About Retail Properties of America

Retail Properties of America, Inc is a REIT that owns and operates high quality, strategically located shopping centers in the United States. As of December 31, 2017, the Company owned 112 retail operating properties representing 20.3 million square feet. The Company is publicly traded on the New York Stock Exchange under the ticker symbol RPAI.

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

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