Retail Properties of America Inc (NYSE:RPAI) – Research analysts at Capital One Financial reduced their Q4 2018 earnings estimates for Retail Properties of America in a research note issued to investors on Wednesday, September 19th, according to Zacks Investment Research. Capital One Financial analyst C. Lucas now forecasts that the real estate investment trust will post earnings per share of $0.25 for the quarter, down from their prior forecast of $0.26. Capital One Financial also issued estimates for Retail Properties of America’s Q1 2019 earnings at $0.25 EPS, Q2 2019 earnings at $0.26 EPS, Q3 2019 earnings at $0.26 EPS and FY2019 earnings at $1.04 EPS.
Retail Properties of America (NYSE:RPAI) last announced its earnings results on Tuesday, July 31st. The real estate investment trust reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.20). The firm had revenue of $119.16 million during the quarter, compared to analysts’ expectations of $120.92 million. Retail Properties of America had a net margin of 39.61% and a return on equity of 10.31%.
Shares of RPAI stock traded down $0.11 on Thursday, hitting $11.58. The stock had a trading volume of 3,187,069 shares, compared to its average volume of 1,873,189. The company has a market cap of $2.68 billion, a P/E ratio of 10.92 and a beta of 0.25. 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 12-month low of $10.84 and a 12-month high of $13.60.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 10th. Investors of record on Tuesday, September 25th were issued a dividend of $0.166 per share. The ex-dividend date was Monday, September 24th. This represents a $0.66 dividend on an annualized basis and a yield of 5.73%. Retail Properties of America’s dividend payout ratio (DPR) is presently 62.26%.
In related news, Director Gerald M. Gorski sold 3,962 shares of the firm’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 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 is accessible through this link. Company insiders own 0.49% of the company’s stock.
Large investors have recently modified their holdings of the business. Element Capital Management LLC bought a new position in Retail Properties of America during the first quarter worth about $118,000. Assetmark Inc. boosted its position in Retail Properties of America by 1,064.5% during the first quarter. Assetmark Inc. now owns 10,981 shares of the real estate investment trust’s stock worth $128,000 after purchasing an additional 10,038 shares during the period. Commonwealth Bank of Australia boosted its position in Retail Properties of America by 67.2% during the second quarter. Commonwealth Bank of Australia now owns 10,366 shares of the real estate investment trust’s stock worth $132,000 after purchasing an additional 4,166 shares during the period. RFG Advisory Group LLC bought a new position in Retail Properties of America during the second quarter worth about $143,000. Finally, IBM Retirement Fund bought a new position in Retail Properties of America during the first quarter worth about $164,000. Hedge funds and other institutional investors own 82.01% of the company’s stock.
Retail Properties of America Company Profile
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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