The Retail Properties of America Inc (RPAI) Receives Average Rating of “Hold” from Brokerages

The Retail Properties of America Inc (RPAI) Receives Average Rating of “Hold” from Brokerages

A number of brokerages have recently issued reports on RPAI. ValuEngine lowered Retail Properties of America from a “buy” rating to a “hold” rating in a research report on Friday. Zacks Investment Research lowered Retail Properties of America from a “hold” rating to a “sell” rating in a research report on Wednesday, May 3rd. Jefferies Group LLC set a $16.00 target price on Retail Properties of America and gave the company a “hold” rating in a research report on Saturday, March 25th. Finally, TheStreet lowered Retail Properties of America from a “b-” rating to a “c+” rating in a research report on Friday, February 17th.

Shares of Retail Properties of America Inc (NYSE:RPAI) have been given a consensus recommendation of “Hold” by the eight research firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $17.50.

Retail Properties of America (RPAI) opened at 12.34 on Monday. The stock has a market capitalization of $2.92 billion, a PE ratio of 29.31 and a beta of 0.42. The company’s 50-day moving average is $13.21 and its 200 day moving average is $14.53. Retail Properties of America has a 12-month low of $12.20 and a 12-month high of $17.78. The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 10th. Investors of record on Monday, June 26th will be paid a $0.1656 dividend. This represents a $0.66 annualized dividend and a yield of 5.37%. The ex-dividend date is Thursday, June 22nd. Retail Properties of America’s dividend payout ratio is currently 110.00%.

Retail Properties of America (RPAI) opened at 12.34 on Monday. The stock has a market capitalization of $2.92 billion, a PE ratio of 29.31 and a beta of 0.42. The company’s 50-day moving average is $13.21 and its 200 day moving average is $14.53. Retail Properties of America has a 12-month low of $12.20 and a 12-month high of $17.78. In other news, Director Richard P. Imperiale acquired 4,500 shares of Retail Properties of America stock in a transaction that occurred on Tuesday, May 16th. The stock was purchased at an average cost of $12.61 per share, with a total value of $56,745.00. Following the purchase, the director now owns 37,602 shares in the company, valued at $474,161.22. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Shane C. Garrison acquired 2,050 shares of Retail Properties of America stock in a transaction that occurred on Friday, May 19th. The stock was purchased at an average cost of $12.67 per share, with a total value of $25,973.50. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 10,450 shares of company stock valued at $132,717. 0.41% of the stock is owned by corporate insiders.

Several hedge funds have recently modified their holdings of RPAI. Vanguard Group Inc. increased its stake in shares of Retail Properties of America by 2.6% in the first quarter. Vanguard Group Inc. now owns 37,476,808 shares of the real estate investment trust’s stock worth $540,416,000 after buying an additional 943,974 shares during the period. BlackRock Inc. increased its stake in shares of Retail Properties of America by 2,354.6% in the first quarter. BlackRock Inc. now owns 18,340,329 shares of the real estate investment trust’s stock worth $264,469,000 after buying an additional 17,593,152 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in shares of Retail Properties of America by 1.7% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 8,303,938 shares of the real estate investment trust’s stock worth $139,506,000 after buying an additional 139,379 shares during the period. State Street Corp increased its stake in shares of Retail Properties of America by 56.2% in the first quarter. State Street Corp now owns 7,605,929 shares of the real estate investment trust’s stock worth $109,678,000 after buying an additional 2,736,360 shares during the period. Finally, AEW Capital Management L P increased its stake in shares of Retail Properties of America by 17.1% in the first quarter. AEW Capital Management L P now owns 5,689,800 shares of the real estate investment trust’s stock worth $82,047,000 after buying an additional 830,500 shares during the period. 78.55% of the stock is owned by institutional investors and hedge funds. About Retail Properties of America

Retail Properties of America, Inc is a real estate investment trust (REIT). The Company owns and operates shopping centers located in the United States. As of December 31, 2016, it owned 156 retail operating properties representing 25,832,000 square feet of gross leasable area (GLA). Its retail operating portfolio includes neighborhood and community centers, power centers, and lifestyle centers and multi-tenant retail-focused mixed-use properties, as well as single-user retail properties.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “RPAI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”}); Receive News & Ratings for Retail Properties of America Inc Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Retail Properties of America Inc and related companies with MarketBeat.com’s FREE daily email newsletter.

Retail Properties of America, Inc is a real estate investment trust (REIT). The Company owns and operates shopping centers located in the United States. As of December 31, 2016, it owned 156 retail operating properties representing 25,832,000 square feet of gross leasable area (GLA). Its retail operating portfolio includes neighborhood and community centers, power centers, and lifestyle centers and multi-tenant retail-focused mixed-use properties, as well as single-user retail properties.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “RPAI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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