Retail Properties of America Inc Expected to Post Q2 2019 Earnings of $0.26 Per Share (RPAI)

Retail Properties of America Inc (NYSE:RPAI) – Investment analysts at KeyCorp issued their Q2 2019 earnings per share estimates for Retail Properties of America in a research report issued to clients and investors on Tuesday, May 14th. KeyCorp analyst T. Thomas forecasts that the real estate investment trust will post earnings per share of $0.26 for the quarter. KeyCorp also issued estimates for Retail Properties of America’s Q3 2019 earnings at $0.26 EPS and Q4 2019 earnings at $0.27 EPS.

Separately, Zacks Investment Research upgraded Retail Properties of America from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Retail Properties of America currently has a consensus rating of “Buy” and an average target price of $14.17.



Shares of RPAI stock opened at $12.59 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.00. Retail Properties of America has a fifty-two week low of $10.57 and a fifty-two week high of $13.40. The company has a market capitalization of $2.70 billion, a price-to-earnings ratio of 12.22, a P/E/G ratio of 3.65 and a beta of 0.57.

Retail Properties of America (NYSE:RPAI) last announced its quarterly earnings data on Tuesday, April 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.15). Retail Properties of America had a net margin of 12.30% and a return on equity of 3.30%. The company had revenue of $122.70 million during the quarter, compared to the consensus estimate of $121.77 million. During the same quarter in the previous year, the firm posted $0.25 EPS. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year.

A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. grew its stake in Retail Properties of America by 0.3% in the fourth quarter. BlackRock Inc. now owns 16,616,628 shares of the real estate investment trust’s stock worth $180,291,000 after purchasing an additional 56,414 shares during the period. Boston Partners grew its stake in Retail Properties of America by 3.2% in the first quarter. Boston Partners now owns 7,775,465 shares of the real estate investment trust’s stock worth $94,783,000 after purchasing an additional 242,358 shares during the period. Centersquare Investment Management LLC grew its stake in Retail Properties of America by 41.1% in the first quarter. Centersquare Investment Management LLC now owns 7,616,426 shares of the real estate investment trust’s stock worth $92,844,000 after purchasing an additional 2,218,646 shares during the period. Deutsche Bank AG grew its stake in Retail Properties of America by 51.6% in the fourth quarter. Deutsche Bank AG now owns 6,908,365 shares of the real estate investment trust’s stock worth $74,952,000 after purchasing an additional 2,350,634 shares during the period. Finally, Renaissance Technologies LLC grew its stake in Retail Properties of America by 5.1% in the first quarter. Renaissance Technologies LLC now owns 5,911,297 shares of the real estate investment trust’s stock worth $72,059,000 after purchasing an additional 284,745 shares during the period. 82.33% of the stock is currently owned by institutional investors.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Tuesday, June 25th will be paid a $0.1656 dividend. The ex-dividend date of this dividend is Monday, June 24th. This represents a $0.66 annualized dividend and a yield of 5.26%. Retail Properties of America’s payout ratio is 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 December 31, 2018, the Company owned 105 retail operating properties in the United States representing 20.1 million square feet.

Featured Article: What is Blockchain?

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

Receive News & Ratings for Retail Properties of America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Retail Properties of America and related companies with MarketBeat.com's FREE daily email newsletter.