Retail Properties of America, Inc. (RPAI) Earns “Buy” Rating from Robert W. Baird

Retail Properties of America, Inc. (NYSE:RPAI)‘s stock had its “buy” rating reissued by stock analysts at Robert W. Baird in a research note issued to investors on Wednesday. They presently have a $18.00 target price on the real estate investment trust’s stock. Robert W. Baird’s price objective indicates a potential upside of 47.30% from the stock’s previous close.

A number of other research analysts have also weighed in on the stock. BidaskClub raised shares of Retail Properties of America from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 9th. Zacks Investment Research raised shares of Retail Properties of America from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Wednesday, October 11th. Jefferies Group LLC reissued a “hold” rating and set a $13.00 target price on shares of Retail Properties of America in a research report on Tuesday, August 29th. Citigroup Inc. reissued a “buy” rating and set a $15.00 target price (down previously from $16.00) on shares of Retail Properties of America in a research report on Monday, July 10th. Finally, KeyCorp reissued a “hold” rating on shares of Retail Properties of America in a research report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $15.58.

Shares of Retail Properties of America (RPAI) opened at 12.22 on Wednesday. The stock’s 50 day moving average price is $13.09 and its 200-day moving average price is $13.00. Retail Properties of America has a 12 month low of $11.61 and a 12 month high of $15.81. The stock has a market capitalization of $2.82 billion, a price-to-earnings ratio of 15.47 and a beta of 0.44.

Retail Properties of America (NYSE:RPAI) last released its earnings results on Monday, October 30th. The real estate investment trust reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.22. The firm had revenue of $130.52 million during the quarter, compared to analyst estimates of $132.45 million. Retail Properties of America had a net margin of 34.57% and a return on equity of 9.20%. The business’s revenue was down 9.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.27 EPS. Equities analysts forecast that Retail Properties of America will post $0.51 earnings per share for the current fiscal year.

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In other news, Director Gerald M. Gorski sold 4,790 shares of the company’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $13.59, for a total transaction of $65,096.10. Following the completion of the transaction, the director now owns 46,907 shares of the company’s stock, valued at $637,466.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.40% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in RPAI. Nationwide Fund Advisors acquired a new position in shares of Retail Properties of America during the first quarter valued at about $162,000. Comerica Bank acquired a new position in shares of Retail Properties of America during the first quarter valued at about $156,000. Principal Financial Group Inc. raised its position in shares of Retail Properties of America by 1.4% during the first quarter. Principal Financial Group Inc. now owns 40,759 shares of the real estate investment trust’s stock valued at $588,000 after buying an additional 553 shares during the last quarter. Teachers Advisors LLC raised its position in shares of Retail Properties of America by 253.9% during the first quarter. Teachers Advisors LLC now owns 1,139,845 shares of the real estate investment trust’s stock valued at $16,437,000 after buying an additional 817,756 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Retail Properties of America by 1.2% during the first quarter. Dimensional Fund Advisors LP now owns 3,221,570 shares of the real estate investment trust’s stock valued at $46,454,000 after buying an additional 37,016 shares during the last quarter. 78.98% of the stock is owned by institutional investors and hedge funds.

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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