Saturday, 20 January, 2018

Upgrades Retail Properties of America (RPAI) to "Overweight"

Conrad Doyle | 14 January, 2018, 10:03

They expect $0.23 EPS, down 8.00% or $0.02 from last year's $0.25 per share.

Analysts await Domtar Corporation (NYSE:UFS) to report earnings on February, 8. Public Employees Retirement Association of Colorado increased its stake in shares of Retail Properties of America by 0.4% in the third quarter. Its down 98.41% from 6,300 shares previously. Retail Properties of America's revenue was down 9.7% compared to the same quarter a year ago. (NYSE:RPAI) during the third quarter, Holdings Channel reports. HABICHT KEVIN B also sold $880,286 worth of National Retail Properties, Inc. The company's revenue was down 9.7% compared to the same quarter past year. During the same quarter in the prior year, the firm posted $0.27 earnings per share. The Firm is publicly traded on the New York Stock Exchange under the ticker symbol RPAI.

Retail Properties of America Inc (NYSE:RPAI) - Analysts at KeyCorp decreased their Q4 2017 earnings estimates for shares of Retail Properties of America in a research note issued to investors on Thursday. As per Thursday, July 23, the company rating was upgraded by Morgan Stanley. Finally, Jefferies Group LLC restated a "hold" rating on shares of Retail Properties of America in a research report on Wednesday, November 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. On Monday, December 5 the stock rating was downgraded by Bank of America to "Neutral".

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vident Investment Advisory LLC purchased a new position in shares of Retail Properties of America during the 3rd quarter worth about $135,000. Finally, Russell Investments Group Ltd. grew its stake in Retail Properties of America by 9.5% in the 3rd quarter. The stock ended last trade at 12.46 a share and the price is up more than -7.29% so far this year. The Aperio Group Llc holds 82,552 shares with $1.08M value, up from 52,732 last quarter. First Trust Advisors LP boosted its position in shares of Retail Properties of America by 90.7% during the second quarter. LSV Asset Management now owns 1,599,700 shares of the real estate investment trust's stock valued at $19,532,000 after acquiring an additional 719,900 shares in the last quarter. The stock of National Retail Properties, Inc. The fund owned 37,070 shares of the company's stock at the end of the third quarter. Moreover, Sei Invs has 0.01% invested in National Retail Properties, Inc. Russell Investments Group Ltd. now owns 2,266,900 shares of the real estate investment trust's stock valued at $29,767,000 after acquiring an additional 197,343 shares during the last quarter. This ratio also gives some idea of whether you're paying too much for what would be left if the company went bankrupt immediately. The stock has a market cap of $2,870.00, a P/E ratio of 19.80 and a beta of 0.50.

Retail Properties of America, Inc. has a 1-year low of $14.02 and a 1-year high of $17.78. (NYSE:CAE) on Friday, May 27 to "Outperform" rating. This represents a $0.66 dividend on an annualized basis and a yield of 5.35%. Retail Properties of America's dividend payout ratio is presently 101.54%.

Retail Properties of America declared that its board has authorized a share buyback program on Thursday, December 14th that authorizes the company to buyback $250.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to repurchase shares of its stock through open market purchases.

COPYRIGHT VIOLATION WARNING: This article was posted by TrueBlueTribune and is the property of of TrueBlueTribune. If you are accessing this article on another publication, it was illegally copied and reposted in violation of United States & global copyright & trademark laws. The original version of this article can be viewed at https://www.truebluetribune.com/2018/01/13/retail-properties-of-america-inc-rpai-expected-to-announce-earnings-of-0-23-per-share.html.

Retail Properties of America, Inc, formerly Inland Western Retail Real Estate Trust, Inc, is a real estate investment trust (REIT).

Large investors have recently bought and sold shares of the company. As of December 31, 2016, it owned 156 retail operating properties representing 25,832,000 square feet of gross leasable area (GLA). The Company's retail operating portfolio includes power centers, neighborhood and community centers, and lifestyle centers and predominantly multi-tenant retail mixed-use properties, as well as single-user retail properties.

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