Retail Properties of America, Inc. (NYSE:RPAI) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided EPS guidance of $1.00 to $1.05 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.96.
Shares of Retail Properties of America, Inc. (NYSE:RPAI) traded down 0.23% during trading on Friday, reaching $13.08. 1,395,139 shares of the company were exchanged. The firm’s 50 day moving average is $12.92 and its 200 day moving average is $13.59. Retail Properties of America, Inc. has a 1-year low of $11.61 and a 1-year high of $17.57. The firm has a market capitalization of $3.01 billion, a P/E ratio of 16.56 and a beta of 0.47.
Retail Properties of America (NYSE:RPAI) last announced its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.27 EPS for the quarter, beating the consensus estimate of $0.26 by $0.01. The firm had revenue of $137.34 million for the quarter, compared to analyst estimates of $135.81 million. Retail Properties of America had a return on equity of 9.20% and a net margin of 34.57%. The business’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.31 earnings per share. On average, equities analysts anticipate that Retail Properties of America, Inc. will post $0.08 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Investors of record on Tuesday, September 26th will be given a dividend of $0.1656 per share. This represents a $0.66 dividend on an annualized basis and a yield of 5.07%. The ex-dividend date is Monday, September 25th. Retail Properties of America’s payout ratio is currently 82.50%.
A number of equities research analysts recently weighed in on RPAI shares. BidaskClub raised Retail Properties of America from a sell rating to a hold rating in a research report on Tuesday, June 27th. Jefferies Group LLC reaffirmed a hold rating and set a $13.00 price objective on shares of Retail Properties of America in a research report on Tuesday, June 20th. Citigroup Inc. reaffirmed a buy rating and set a $16.00 price objective (down previously from $18.00) on shares of Retail Properties of America in a research report on Tuesday, June 6th. ValuEngine downgraded Retail Properties of America from a buy rating to a hold rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research downgraded Retail Properties of America from a hold rating to a sell rating in a research report on Wednesday, May 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $16.08.
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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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