Retail Properties of America (RPAI) Stock Rating Lowered by Zacks Investment Research

Retail Properties of America (NYSE:RPAI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, Zacks.com reports.

According to Zacks, “Retail Properties of America, Inc. is a real estate investment trust that owns and operates shopping centers in the United States. Its retail-operating portfolio includes power centers, community centers, neighborhood centers, lifestyle centers and single-user retail properties. The Company’s retail properties are primarily located in retail districts. Retail Properties of America, Inc. is headquartered in Oak Brook, IL. “

Shares of NYSE:RPAI opened at $11.89 on Thursday. Retail Properties of America has a twelve month low of $10.57 and a twelve month high of $13.40. The firm has a market capitalization of $2.55 billion, a PE ratio of 11.54, a price-to-earnings-growth ratio of 3.45 and a beta of 0.57. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.96 and a quick ratio of 0.96.

Retail Properties of America (NYSE:RPAI) last announced its earnings results on Tuesday, April 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing the Zacks’ 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 business had revenue of $122.70 million during the quarter, compared to analyst estimates of $121.77 million. During the same quarter last year, the business posted $0.25 earnings per share. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. Equities analysts anticipate that Retail Properties of America will post 1.05 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the stock. Resources Investment Advisors Inc. bought a new position in Retail Properties of America during the first quarter worth about $33,000. Marshall Wace North America L.P. bought a new position in Retail Properties of America during the first quarter worth about $33,000. Joseph P. Lucia & Associates LLC bought a new position in Retail Properties of America during the first quarter worth about $228,000. CWM LLC boosted its holdings in Retail Properties of America by 68.8% during the fourth quarter. CWM LLC now owns 3,697 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 1,507 shares during the last quarter. Finally, We Are One Seven LLC bought a new position in Retail Properties of America during the fourth quarter worth about $43,000. Hedge funds and other institutional investors own 81.36% of the company’s stock.

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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Analyst Recommendations for Retail Properties of America (NYSE:RPAI)

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