KeyCorp Weighs in on Retail Properties of America Inc’s Q1 2018 Earnings (RPAI)

Retail Properties of America Inc (NYSE:RPAI) – KeyCorp issued their Q1 2018 earnings estimates for Retail Properties of America in a report released on Wednesday. KeyCorp analyst T. Thomas anticipates that the real estate investment trust will post earnings per share of $0.25 for the quarter. KeyCorp currently has a “Overweight” rating and a $16.00 price objective on the stock.

Retail Properties of America (NYSE:RPAI) last announced its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.25 earnings per share for the quarter, meeting the consensus estimate of $0.25. Retail Properties of America had a return on equity of 7.61% and a net margin of 28.84%. The business had revenue of $130.52 million during the quarter, compared to analyst estimates of $132.45 million. During the same period in the prior year, the company earned $0.27 earnings per share. Retail Properties of America’s revenue was down 9.7% compared to the same quarter last year.

A number of other equities analysts have also commented on RPAI. Jefferies Group reaffirmed a “hold” rating and issued a $13.00 price target on shares of Retail Properties of America in a report on Tuesday, August 29th. Zacks Investment Research raised Retail Properties of America from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a report on Thursday, August 31st. BidaskClub raised Retail Properties of America from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 9th. Robert W. Baird reaffirmed a “buy” rating and issued a $18.00 price target on shares of Retail Properties of America in a report on Wednesday, November 1st. Finally, Boenning Scattergood reaffirmed a “buy” rating and issued a $18.50 price target on shares of Retail Properties of America in a report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. Retail Properties of America currently has a consensus rating of “Hold” and a consensus target price of $15.94.

Retail Properties of America (NYSE RPAI) traded down $0.02 during trading on Monday, hitting $13.08. The stock had a trading volume of 1,282,400 shares, compared to its average volume of 1,762,903. Retail Properties of America has a 52-week low of $11.61 and a 52-week high of $15.81. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $2,970.47, a price-to-earnings ratio of 20.12 and a beta of 0.50.

A number of large investors have recently bought and sold shares of RPAI. Vident Investment Advisory LLC purchased a new stake in Retail Properties of America during the third quarter valued at about $135,000. Profund Advisors LLC purchased a new stake in Retail Properties of America during the second quarter valued at about $143,000. Brookstone Capital Management purchased a new stake in Retail Properties of America during the second quarter valued at about $146,000. Stratos Wealth Partners LTD. purchased a new stake in Retail Properties of America during the third quarter valued at about $148,000. Finally, Laurion Capital Management LP purchased a new stake in Retail Properties of America during the second quarter valued at about $153,000. 79.13% of the stock is owned by institutional investors.

Retail Properties of America announced that its board has authorized a share buyback plan on Thursday, December 14th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to reacquire shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Wednesday, December 27th will be paid a dividend of $0.1656 per share. This represents a $0.66 annualized dividend and a yield of 5.07%. The ex-dividend date is Friday, December 22nd. Retail Properties of America’s dividend payout ratio is 101.54%.

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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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