Retail Properties of America (NYSE:RPAI) Announces Quarterly Earnings Results

Retail Properties of America (NYSE:RPAI) released its quarterly earnings data on Tuesday. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.16), Fidelity Earnings reports. Retail Properties of America had a net margin of 12.30% and a return on equity of 3.30%. The business had revenue of $118.45 million during the quarter, compared to the consensus estimate of $119.22 million. During the same quarter in the prior year, the company earned $0.25 EPS. Retail Properties of America’s quarterly revenue was down .6% on a year-over-year basis. Retail Properties of America updated its FY 2019 guidance to $1.04-1.07 EPS and its FY19 guidance to $1.04-1.07 EPS.

Retail Properties of America stock opened at $11.96 on Friday. Retail Properties of America has a 12 month low of $10.57 and a 12 month high of $13.33. The company has a 50 day moving average price of $11.90. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $2.55 billion, a P/E ratio of 11.61, a price-to-earnings-growth ratio of 8.07 and a beta of 0.52.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Thursday, September 26th will be given a $0.166 dividend. This is an increase from Retail Properties of America’s previous quarterly dividend of $0.17. The ex-dividend date is Wednesday, September 25th. This represents a $0.66 annualized dividend and a dividend yield of 5.55%. Retail Properties of America’s dividend payout ratio is presently 64.08%.

RPAI has been the topic of several research reports. Zacks Investment Research downgraded Retail Properties of America from a “buy” rating to a “hold” rating in a research report on Thursday, May 30th. ValuEngine downgraded Retail Properties of America from a “hold” rating to a “sell” rating in a research report on Monday, June 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. Retail Properties of America presently has an average rating of “Hold” and a consensus target price of $14.40.

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 December 31, 2018, the Company owned 105 retail operating properties in the United States representing 20.1 million square feet.

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

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