Retail Properties of America (RPAI) Releases FY18 Earnings Guidance

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Retail Properties of America (NYSE:RPAI) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.00-1.02 for the period, compared to the Thomson Reuters consensus estimate of $1.01.

A number of equities research analysts recently issued reports on the stock. Jefferies Financial Group set a $13.00 price objective on shares of Retail Properties of America and gave the stock a hold rating in a report on Tuesday, July 17th. ValuEngine cut shares of Retail Properties of America from a hold rating to a sell rating in a report on Monday, July 16th. Zacks Investment Research cut shares of Retail Properties of America from a hold rating to a sell rating in a report on Wednesday, July 18th. Deutsche Bank upgraded shares of Retail Properties of America from a hold rating to a buy rating and set a $15.00 price objective for the company in a report on Tuesday, August 28th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Retail Properties of America from $13.50 to $13.00 and set a neutral rating for the company in a report on Thursday, September 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. Retail Properties of America has a consensus rating of Hold and an average price target of $15.07.

RPAI stock traded down $0.21 during mid-day trading on Thursday, reaching $12.06. 1,567,199 shares of the stock traded hands, compared to its average volume of 1,880,019. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.02 and a quick ratio of 1.02. Retail Properties of America has a 52 week low of $10.84 and a 52 week high of $13.60. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of 11.39 and a beta of 0.25.

Retail Properties of America (NYSE:RPAI) last released its quarterly earnings results on Tuesday, October 30th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.19). Retail Properties of America had a net margin of 35.82% and a return on equity of 9.31%. The firm had revenue of $119.14 million for the quarter, compared to the consensus estimate of $118.41 million. During the same quarter last year, the company earned $0.25 earnings per share. The firm’s revenue was down 8.7% on a year-over-year basis. Equities analysts expect that Retail Properties of America will post 1.01 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 10th. Shareholders of record on Thursday, December 27th will be issued a dividend of $0.166 per share. This represents a $0.66 dividend on an annualized basis and a yield of 5.51%. The ex-dividend date is Wednesday, December 26th. Retail Properties of America’s dividend payout ratio (DPR) is 62.26%.

In other Retail Properties of America news, Director Gerald M. Gorski sold 3,962 shares of the company’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $12.61, for a total transaction of $49,960.82. Following the completion of the sale, the director now directly owns 55,129 shares in the company, valued at $695,176.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.49% of the stock is owned by corporate insiders.

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 June 30, 2018, the Company owned 105 retail operating properties in the United States representing 19.5 million square feet.

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

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