Analysts Expect Retail Properties of America Inc (RPAI) Will Post Quarterly Sales of $122.32 Million

Equities research analysts predict that Retail Properties of America Inc (NYSE:RPAI) will report $122.32 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Retail Properties of America’s earnings. The lowest sales estimate is $116.71 million and the highest is $125.36 million. Retail Properties of America reported sales of $143.69 million in the same quarter last year, which indicates a negative year over year growth rate of 14.9%. The company is expected to issue its next quarterly earnings report after the market closes on Tuesday, May 1st.

According to Zacks, analysts expect that Retail Properties of America will report full year sales of $492.88 million for the current fiscal year, with estimates ranging from $476.18 million to $513.74 million. For the next financial year, analysts expect that the firm will report sales of $505.67 million per share, with estimates ranging from $488.95 million to $525.59 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Retail Properties of America.

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Retail Properties of America (NYSE:RPAI) last announced its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.23. Retail Properties of America had a return on equity of 12.36% and a net margin of 46.73%. The company had revenue of $126.59 million during the quarter, compared to the consensus estimate of $126.72 million.



A number of analysts have commented on RPAI shares. Zacks Investment Research downgraded Retail Properties of America from a “hold” rating to a “sell” rating in a research report on Thursday, March 8th. ValuEngine downgraded Retail Properties of America from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Jefferies Group set a $13.00 price objective on Retail Properties of America and gave the stock a “hold” rating in a research report on Tuesday, February 27th. Citigroup reduced their price objective on Retail Properties of America from $15.00 to $14.50 and set a “buy” rating for the company in a research report on Wednesday, February 21st. Finally, Boenning Scattergood set a $19.00 price objective on Retail Properties of America and gave the stock a “buy” rating in a research report on Thursday, February 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $15.79.

Several institutional investors have recently bought and sold shares of the stock. Vident Investment Advisory LLC acquired a new stake in Retail Properties of America during the 3rd quarter valued at $135,000. Certified Advisory Corp acquired a new stake in Retail Properties of America during the 4th quarter valued at $142,000. Public Employees Retirement Association of Colorado increased its holdings in Retail Properties of America by 60.6% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 11,668 shares of the real estate investment trust’s stock valued at $157,000 after purchasing an additional 4,403 shares in the last quarter. Two Sigma Securities LLC acquired a new stake in Retail Properties of America during the 4th quarter valued at $230,000. Finally, Meeder Asset Management Inc. increased its holdings in Retail Properties of America by 643.5% during the 4th quarter. Meeder Asset Management Inc. now owns 19,248 shares of the real estate investment trust’s stock valued at $259,000 after purchasing an additional 16,659 shares in the last quarter. Institutional investors and hedge funds own 81.11% of the company’s stock.

Shares of RPAI stock traded down $0.35 during mid-day trading on Friday, reaching $10.92. The stock had a trading volume of 2,879,553 shares, compared to its average volume of 2,162,806. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.93. Retail Properties of America has a one year low of $10.88 and a one year high of $14.65. The company has a market capitalization of $2,549.72, a P/E ratio of 10.30 and a beta of 0.31.

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 10th. Investors of record on Tuesday, March 27th were given a dividend of $0.1656 per share. The ex-dividend date was Monday, March 26th. This represents a $0.66 annualized dividend and a dividend yield of 6.07%. Retail Properties of America’s dividend payout ratio (DPR) is presently 62.26%.

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About Retail Properties of America

Retail Properties of America, Inc is a REIT that owns and operates high quality, strategically located shopping centers in the United States. As of December 31, 2017, the Company owned 112 retail operating properties representing 20.3 million square feet. The Company is publicly traded on the New York Stock Exchange under the ticker symbol RPAI.

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

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