Retail Properties of America (NYSE:RPAI) is set to release its earnings data after the market closes on Monday, April 30th. Analysts expect Retail Properties of America to post earnings of $0.03 per share for the quarter. Retail Properties of America has set its FY18 guidance at $0.98-$1.02 EPS.
Retail Properties of America (NYSE:RPAI) last issued its earnings results on Tuesday, February 13th. The real estate investment trust reported $0.46 earnings per share (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 business had revenue of $126.59 million during the quarter, compared to analysts’ expectations of $126.72 million. On average, analysts expect Retail Properties of America to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of NYSE:RPAI opened at $10.92 on Monday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.81 and a quick ratio of 0.81. Retail Properties of America has a 1 year low of $10.88 and a 1 year high of $14.65. The stock has a market cap of $2,396.12, a PE ratio of 10.30 and a beta of 0.31.
RPAI has been the subject of a number of research reports. ValuEngine cut Retail Properties of America from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Boenning Scattergood set a $19.00 target price on Retail Properties of America and gave the stock a “buy” rating in a report on Thursday, February 15th. Zacks Investment Research upgraded Retail Properties of America from a “sell” rating to a “hold” rating in a report on Thursday, March 1st. Jefferies Group set a $13.00 target price on Retail Properties of America and gave the stock a “hold” rating in a report on Tuesday, February 27th. Finally, Citigroup decreased their target price on Retail Properties of America from $15.00 to $14.50 and set a “buy” rating for the company in a report on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $15.79.
ILLEGAL ACTIVITY NOTICE: “Retail Properties of America (RPAI) Set to Announce Earnings on Monday” was published by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The original version of this piece of content can be accessed at https://stocknewstimes.com/2018/04/23/retail-properties-of-america-rpai-set-to-announce-earnings-on-monday.html.
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.
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.