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

Analysts expect that Retail Properties of America Inc (NYSE:RPAI) will report $0.25 earnings per share for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Retail Properties of America’s earnings. The highest EPS estimate is $0.26 and the lowest is $0.25. Retail Properties of America posted earnings per share of $0.26 during the same quarter last year, which indicates a negative year over year growth rate of 3.8%. The company is scheduled to issue its next earnings results after the market closes on Tuesday, October 30th.

According to Zacks, analysts expect that Retail Properties of America will report full-year earnings of $1.01 per share for the current fiscal year, with EPS estimates ranging from $1.01 to $1.02. For the next financial year, analysts anticipate that the business will report earnings of $1.04 per share, with EPS estimates ranging from $1.03 to $1.06. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Retail Properties of America.

Retail Properties of America (NYSE:RPAI) last announced its quarterly earnings results on Tuesday, July 31st. The real estate investment trust reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.20). The firm had revenue of $119.16 million for the quarter, compared to analysts’ expectations of $120.92 million. Retail Properties of America had a return on equity of 10.31% and a net margin of 39.61%.

Several equities research analysts have recently commented on RPAI shares. ValuEngine lowered Retail Properties of America from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Jefferies Financial Group set a $13.00 price target on Retail Properties of America and gave the stock a “hold” rating in a research note on Tuesday, July 17th. Zacks Investment Research lowered Retail Properties of America from a “hold” rating to a “sell” rating in a research note on Wednesday, July 18th. Deutsche Bank raised Retail Properties of America from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Tuesday, August 28th. Finally, JPMorgan Chase & Co. decreased their price target on Retail Properties of America from $13.50 to $13.00 and set a “neutral” rating on the stock in a research note on Thursday, September 27th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $15.07.

In related news, Director Gerald M. Gorski sold 3,962 shares of the company’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $12.61, for a total value of $49,960.82. Following the sale, the director now owns 55,129 shares of the company’s stock, valued at approximately $695,176.69. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.49% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of RPAI. Millennium Management LLC lifted its stake in Retail Properties of America by 108.4% in the 2nd quarter. Millennium Management LLC now owns 4,037,389 shares of the real estate investment trust’s stock valued at $51,598,000 after buying an additional 2,099,864 shares in the last quarter. American Century Companies Inc. lifted its stake in Retail Properties of America by 167.3% in the 2nd quarter. American Century Companies Inc. now owns 3,130,372 shares of the real estate investment trust’s stock valued at $40,006,000 after buying an additional 1,959,121 shares in the last quarter. FMR LLC purchased a new stake in Retail Properties of America in the 2nd quarter valued at approximately $16,458,000. Security Capital Research & Management Inc. purchased a new stake in Retail Properties of America in the 2nd quarter valued at approximately $7,139,000. Finally, Sumitomo Mitsui Asset Management Company LTD lifted its stake in Retail Properties of America by 222.0% in the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 792,823 shares of the real estate investment trust’s stock valued at $9,664,000 after buying an additional 546,610 shares in the last quarter. 81.98% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:RPAI opened at $11.88 on Friday. The company has a market cap of $2.60 billion, a PE ratio of 11.21 and a beta of 0.25. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.02 and a current ratio of 1.02. Retail Properties of America has a 12 month low of $10.84 and a 12 month high of $13.60.

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 10th. Investors of record on Tuesday, September 25th were paid a $0.166 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 5.59%. The ex-dividend date of this dividend was Monday, September 24th. Retail Properties of America’s payout ratio is currently 62.26%.

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 June 30, 2018, the Company owned 105 retail operating properties in the United States representing 19.5 million square feet.

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

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