The Analysts Set Retail Properties of America Inc. (RPAI) Price Target at $17.08

The Analysts Set Retail Properties of America Inc. (RPAI) Price Target at $17.08

Retail Properties of America Inc. (NYSE:RPAI) has been given a consensus rating of “Buy” by the ten analysts that are presently covering the firm. Three equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $16.90.

Several research analysts recently weighed in on RPAI shares. Jefferies Group restated a “hold” rating on shares of Retail Properties of America in a research report on Tuesday, August 23rd. Citigroup Inc. upped their price objective on shares of Retail Properties of America from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, August 11th. Boenning Scattergood upgraded shares of Retail Properties of America from a “neutral” rating to an “outperform” rating and set a $19.00 price objective on the stock in a research report on Monday, October 3rd. Deutsche Bank AG restated a “buy” rating on shares of Retail Properties of America in a research report on Friday, September 23rd. Finally, Zacks Investment Research upgraded shares of Retail Properties of America from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research report on Tuesday, October 25th.

Shares of Retail Properties of America (NYSE:RPAI) opened at 15.32 on Tuesday. Retail Properties of America has a 1-year low of $14.02 and a 1-year high of $17.78. The stock has a 50 day moving average of $16.27 and a 200 day moving average of $16.54. The company has a market cap of $3.63 billion, a price-to-earnings ratio of 24.59 and a beta of 0.40.

Retail Properties of America (NYSE:RPAI) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.05. Retail Properties of America had a net margin of 26.42% and a return on equity of 7.27%. During the same period in the previous year, the business earned $0.26 EPS. Analysts predict that Retail Properties of America will post $1.07 EPS for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA raised its stake in Retail Properties of America by 1.1% in the second quarter. BNP Paribas Arbitrage SA now owns 36,105 shares of the company’s stock worth $610,000 after buying an additional 378 shares during the period. TIAA CREF Investment Management LLC raised its stake in Retail Properties of America by 0.6% in the first quarter. TIAA CREF Investment Management LLC now owns 495,898 shares of the company’s stock worth $7,860,000 after buying an additional 2,812 shares during the period. Shinko Asset Management Co. Ltd. raised its stake in Retail Properties of America by 17.6% in the second quarter. Shinko Asset Management Co. Ltd. now owns 4,726,337 shares of the company’s stock worth $79,875,000 after buying an additional 706,216 shares during the period. Heitman Real Estate Securities LLC raised its stake in Retail Properties of America by 2.4% in the first quarter. Heitman Real Estate Securities LLC now owns 8,183,000 shares of the company’s stock worth $129,701,000 after buying an additional 189,110 shares during the period. Finally, State Street Corp raised its stake in Retail Properties of America by 1.7% in the first quarter. State Street Corp now owns 4,143,942 shares of the company’s stock worth $65,677,000 after buying an additional 71,259 shares during the period. 79.83% of the stock is owned by hedge funds and other institutional investors.

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