Brokerages Anticipate Retail Properties of America Inc (NYSE:RPAI) Will Announce Earnings of $0.25 Per Share

Brokerages expect Retail Properties of America Inc (NYSE:RPAI) to report $0.25 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Retail Properties of America’s earnings. The lowest EPS estimate is $0.22 and the highest is $0.26. Retail Properties of America posted earnings of $0.26 per share during the same quarter last year, which indicates a negative year over year growth rate of 3.8%. The firm is scheduled to report its next earnings report on Tuesday, October 29th.

On average, analysts expect that Retail Properties of America will report full-year earnings of $1.04 per share for the current fiscal year, with EPS estimates ranging from $1.02 to $1.06. For the next year, analysts anticipate that the company will report earnings of $1.07 per share, with EPS estimates ranging from $1.06 to $1.08. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Retail Properties of America.

Retail Properties of America (NYSE:RPAI) last posted its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.16). Retail Properties of America had a net margin of 14.46% and a return on equity of 3.96%. The business had revenue of $118.45 million during the quarter, compared to analysts’ expectations of $119.22 million. During the same period in the previous year, the business posted $0.25 EPS. The company’s revenue for the quarter was down .6% compared to the same quarter last year.

A number of research analysts recently issued reports on the stock. ValuEngine downgraded shares of Retail Properties of America from a “hold” rating to a “sell” rating in a research note on Monday, June 24th. Compass Point assumed coverage on shares of Retail Properties of America in a research note on Thursday. They issued a “neutral” rating and a $12.00 price target for the company. Finally, Zacks Investment Research downgraded shares of Retail Properties of America from a “buy” rating to a “hold” rating in a research note on Thursday, May 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $14.00.

NYSE RPAI opened at $11.31 on Friday. The firm has a 50 day simple moving average of $11.78 and a 200-day simple moving average of $12.20. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.13 and a current ratio of 1.13. Retail Properties of America has a one year low of $10.57 and a one year high of $13.33. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of 10.98, a PEG ratio of 7.97 and a beta of 0.52.

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Shareholders of record on Thursday, September 26th will be given a dividend of $0.166 per share. This is a positive change from Retail Properties of America’s previous quarterly dividend of $0.17. This represents a $0.66 annualized dividend and a dividend yield of 5.87%. The ex-dividend date is Wednesday, September 25th. Retail Properties of America’s payout ratio is presently 64.08%.

A number of large investors have recently added to or reduced their stakes in the business. Resources Investment Advisors Inc. acquired a new position in shares of Retail Properties of America during the 1st quarter valued at about $33,000. Marshall Wace North America L.P. purchased a new position in Retail Properties of America in the 1st quarter worth approximately $33,000. TRUE Private Wealth Advisors purchased a new position in Retail Properties of America in the 2nd quarter worth approximately $50,000. Advantage Investment Management LLC boosted its holdings in Retail Properties of America by 34.1% in the 2nd quarter. Advantage Investment Management LLC now owns 4,970 shares of the real estate investment trust’s stock worth $58,000 after acquiring an additional 1,264 shares during the period. Finally, CWM LLC boosted its holdings in Retail Properties of America by 65.6% in the 1st quarter. CWM LLC now owns 6,121 shares of the real estate investment trust’s stock worth $75,000 after acquiring an additional 2,424 shares during the period. Institutional investors own 80.50% of the company’s stock.

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 December 31, 2018, the Company owned 105 retail operating properties in the United States representing 20.1 million square feet.

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

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