$121.60 Million in Sales Expected for Retail Properties of America Inc (RPAI) This Quarter

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Brokerages expect that Retail Properties of America Inc (NYSE:RPAI) will post sales of $121.60 million for the current quarter, according to Zacks. Four analysts have made estimates for Retail Properties of America’s earnings, with estimates ranging from $119.35 million to $127.38 million. Retail Properties of America posted sales of $124.84 million during the same quarter last year, which suggests a negative year over year growth rate of 2.6%. The business is expected to issue its next quarterly earnings results on Tuesday, May 7th.

On average, analysts expect that Retail Properties of America will report full-year sales of $486.53 million for the current year, with estimates ranging from $477.27 million to $504.15 million. For the next financial year, analysts forecast that the business will post sales of $504.21 million, with estimates ranging from $490.28 million to $533.89 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Retail Properties of America.

Retail Properties of America (NYSE:RPAI) last announced its earnings results on Tuesday, February 12th. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.01. Retail Properties of America had a net margin of 16.09% and a return on equity of 4.24%. The business had revenue of $119.30 million for the quarter, compared to analyst estimates of $119.77 million. During the same quarter in the previous year, the firm posted $0.25 earnings per share. Retail Properties of America’s revenue was down 5.7% compared to the same quarter last year.

A number of equities analysts recently issued reports on RPAI shares. Zacks Investment Research lowered shares of Retail Properties of America from a “hold” rating to a “sell” rating in a research report on Friday, November 23rd. Citigroup set a $15.00 target price on shares of Retail Properties of America and gave the stock a “buy” rating in a research report on Tuesday, November 20th. KeyCorp set a $15.00 target price on shares of Retail Properties of America and gave the stock a “buy” rating in a research report on Thursday, December 20th. Finally, ValuEngine raised shares of Retail Properties of America from a “sell” rating to a “hold” rating in a research report on Friday, October 26th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Retail Properties of America has a consensus rating of “Buy” and an average price target of $14.50.

A number of institutional investors and hedge funds have recently bought and sold shares of RPAI. Boston Partners boosted its stake in Retail Properties of America by 42.6% during the fourth quarter. Boston Partners now owns 7,533,107 shares of the real estate investment trust’s stock worth $81,734,000 after buying an additional 2,252,191 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Retail Properties of America by 58.2% during the third quarter. JPMorgan Chase & Co. now owns 4,587,848 shares of the real estate investment trust’s stock worth $55,926,000 after buying an additional 1,687,591 shares in the last quarter. Millennium Management LLC acquired a new stake in Retail Properties of America during the fourth quarter worth $9,175,000. Renaissance Technologies LLC boosted its stake in Retail Properties of America by 20.4% during the third quarter. Renaissance Technologies LLC now owns 4,966,055 shares of the real estate investment trust’s stock worth $60,536,000 after buying an additional 841,200 shares in the last quarter. Finally, Timbercreek Investment Management Inc. acquired a new stake in Retail Properties of America during the fourth quarter worth $7,751,000. Hedge funds and other institutional investors own 86.49% of the company’s stock.

RPAI stock traded up $0.06 on Friday, reaching $12.67. 1,439,515 shares of the company were exchanged, compared to its average volume of 1,730,487. Retail Properties of America has a 12 month low of $10.57 and a 12 month high of $13.40. The firm has a market capitalization of $2.70 billion, a P/E ratio of 12.30 and a beta of 0.61. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.93.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 10th. Investors of record on Wednesday, March 27th will be given a dividend of $0.1656 per share. This represents a $0.66 dividend on an annualized basis and a yield of 5.23%. The ex-dividend date is Tuesday, March 26th. Retail Properties of America’s dividend payout ratio (DPR) is currently 64.08%.

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 September 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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