Wall Street brokerages forecast that Retail Properties of America Inc (NYSE:RPAI) will announce $120.32 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Retail Properties of America’s earnings. The highest sales estimate is $121.78 million and the lowest is $118.66 million. Retail Properties of America reported sales of $119.35 million in the same quarter last year, which would suggest a positive year over year growth rate of 0.8%. The firm is scheduled to report its next earnings report after the market closes on Tuesday, February 18th.
On average, analysts expect that Retail Properties of America will report full year sales of $479.98 million for the current financial year, with estimates ranging from $473.36 million to $483.03 million. For the next fiscal year, analysts anticipate that the business will report sales of $490.99 million, with estimates ranging from $482.94 million to $497.86 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Retail Properties of America.
Retail Properties of America (NYSE:RPAI) last announced its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.27 EPS for the quarter, topping the consensus estimate of $0.26 by $0.01. The business had revenue of $119.71 million for the quarter, compared to analyst estimates of $118.71 million. Retail Properties of America had a net margin of 5.91% and a return on equity of 2.17%. The company’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.25 earnings per share.
RPAI has been the topic of several research reports. ValuEngine raised shares of Retail Properties of America from a “strong sell” rating to a “sell” rating in a research report on Friday, October 25th. Zacks Investment Research raised shares of Retail Properties of America from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research report on Wednesday, October 2nd. Finally, Compass Point initiated coverage on shares of Retail Properties of America in a research report on Thursday, August 15th. They issued a “neutral” rating and a $12.00 price objective on the stock.
In other Retail Properties of America news, Director Gerald M. Gorski sold 8,073 shares of Retail Properties of America stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $11.15, for a total value of $90,013.95. Following the sale, the director now owns 61,775 shares of the company’s stock, valued at $688,791.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.62% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Marshall Wace North America L.P. bought a new stake in shares of Retail Properties of America in the first quarter valued at approximately $33,000. TRUE Private Wealth Advisors bought a new stake in shares of Retail Properties of America in the second quarter valued at approximately $50,000. Advantage Investment Management LLC raised its position in shares of Retail Properties of America by 34.1% in the second quarter. Advantage Investment Management LLC now owns 4,970 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 1,264 shares during the period. HM Payson & Co. bought a new stake in shares of Retail Properties of America in the second quarter valued at approximately $62,000. Finally, Point72 Hong Kong Ltd raised its position in shares of Retail Properties of America by 14.8% in the second quarter. Point72 Hong Kong Ltd now owns 7,358 shares of the real estate investment trust’s stock valued at $87,000 after purchasing an additional 951 shares during the period. 83.05% of the stock is currently owned by institutional investors.
RPAI stock traded down $0.09 during mid-day trading on Friday, hitting $13.63. The company had a trading volume of 1,764,000 shares, compared to its average volume of 1,471,193. The firm has a market cap of $3.01 billion, a PE ratio of 13.23, a price-to-earnings-growth ratio of 9.53 and a beta of 0.52. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.89 and a current ratio of 0.89. Retail Properties of America has a 12 month low of $10.57 and a 12 month high of $14.22. The stock’s fifty day moving average price is $13.36 and its two-hundred day moving average price is $12.29.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, December 26th will be given a $0.166 dividend. This represents a $0.66 annualized dividend and a yield of 4.87%. The ex-dividend date is Tuesday, December 24th. Retail Properties of America’s dividend payout ratio is 64.08%.
About Retail Properties of America
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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