Market Scope: Tracking Shares of Retail Properties of America (RPAI)

Mae Love
January 13, 2018

(NYSE:NNN) earned "Neutral" rating by UBS on Thursday, November 9. The stock has "Buy" rating by Robert W. Baird on Monday, November 27. As of September 30, 2017, the Company owned 120 retail operating properties representing 21.6 million square feet. Analysts have a mean recommendation of 2.00 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). $880,286 worth of National Retail Properties, Inc.

Retail Properties of America (NYSE:RPAI) traded down $0.21 during midday trading on Friday, hitting $12.46. The stock decreased 1.46% or $0.19 during the last trading session, reaching $12.83.

Total debt to equity ratio of the company for most recent quarter is 0.84 while Long term debt to equity ratio for same time period is 0.84. Finally, Los Angeles Capital Management & Equity Research Inc. lifted its holdings in shares of Retail Properties of America by 1,668.7% in the second quarter. The company has a market cap of $3.53 billion, a PE ratio of 24.92 and a beta of 0.42. (NYSE:RPAI) to report earnings on February, 13 after the close. NNN's profit will be $97.32M for 15.63 P/E if the $0.64 EPS becomes a reality. The company has market cap of $126.16 million.

Retail Properties of America, Inc, formerly Inland Western Retail Real Estate Trust, Inc, is a real estate investment trust (REIT). The company's revenue was down 9.7% compared to the same quarter a year ago. They expect $0.64 EPS, up 3.23% or $0.02 from last year's $0.62 per share. Zacks Investment Research upgraded shares of Retail Properties of America from a "hold" rating to a "buy" rating and set a $17.00 price objective on the stock in a research report on Friday, November 18th. This repurchase authorization allows the real estate investment trust to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's leadership believes its shares are undervalued. The Company dividend yield observed at 1.84%. The ex-dividend date of this dividend is Friday, December 22nd. Retail Properties of America's dividend payout ratio is now 101.54%.

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Several other large investors also recently modified their holdings of the company. Timber Hill LLC bought a new position in shares of National Retail Properties in the 3rd quarter worth approximately $212,000.

In other National Retail Properties news, CFO Kevin B. Habicht sold 20,664 shares of the stock in a transaction on Thursday, December 14th. Aperio Group LLC boosted its position in shares of Retail Properties of America by 78.6% during the second quarter.

Retail Properties of America announced that its Board of Directors has initiated a stock repurchase program on Thursday, December 14th that allows the company to repurchase $250.00 million in shares.

Suntrust Banks Inc. bought a new stake in Retail Properties of America, Inc. Schwab Charles Investment Management Inc. now owns 4,738,162 shares of the real estate investment trust's stock valued at $57,853,000 after buying an additional 122,879 shares during the period. (NYSE:NNN). First Trust Advisors Limited Partnership accumulated 0.02% or 199,571 shares. Balyasny Asset Management LLC lifted its holdings in shares of Retail Properties of America by 135.1% in the second quarter. Sigma Planning Corp now owns 15,366 shares of the real estate investment trust's stock valued at $188,000 after buying an additional 1,151 shares during the period. Jpmorgan Chase & Com holds 2.93 million shares or 0.03% of its portfolio. Retail Properties of America had 21 analyst reports since January 15, 2016 according to SRatingsIntel. If you are viewing this report on another publication, it was illegally copied and republished in violation of USA and global copyright & trademark law. The original version of this piece of content can be viewed at The firm's revenue for the quarter was up 9.8% on a year-over-year basis. equities research analysts predict that National Retail Properties, Inc. will post 2.53 earnings per share for the current year.

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