Opinion

Retail Properties of America, Inc. (NYSE:RPAI) Earns Average Broker Rating Of Outperform

Retail Properties of America, Inc. (NYSE:RPAI) stock is presently standing at about $14.22 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 7 analysts covering the company is $18.00, which suggests the stock could still rise over 21 percent. The highest analyst price target is $19.00, which implies a rally of 66 percent. And a quick view of analyst notes show that 2 are rating the stock a buy while 2 rate RPAI a strong buy. There are 4 equity research firms advocating a Hold and 0 consider it Sell.

Deutsche Bank analysts provided their view on Retail Properties of America, Inc. (NYSE:RPAI) recently. The rating firm issued a Hold rating to this company in a research note released on Jan 09, 2017. JP Morgan analysts disclosed their opinion on Retail Properties of America, Inc. (NYSE:RPAI) recently. The rating firm gave a Neutral rating to this stock in a research note published on Dec 16, 2016. According to a research note disclosed on Apr 04, 2016, analysts at Citigroup have upped their rating on these shares from Neutral to Buy.

Retail Properties of America, Inc. (NYSE:RPAI) Transactions Roundup

Several insiders were part of recent insider activity for the stock. Its Director Biumi Bonnie Purchased 2,000 company shares for 32480, in a transaction on 2016-06-07. Following the transaction, the Director is left with a stake of 15,209 shares, currently valued at $216272. Meanwhile, Director Imperiale Richard P purchased 3,000 shares worth $39600, through a transaction dated 2015-09-04. Following the completion of the transaction, the insider is left with a stake of 28,546 shares, amounting $405924.12. RPAI Director SARGEANT THOMAS J also purchased 6,090 shares, at a stock price of $16.37. This transaction occurred on 2014-12-05 totals $99690. After this transaction, the insider’s stake stands at 23,869 shares, with a market value of $339417.

Executives hold 0.57 percent of the stock. Mr. Steven P. Grimes is one of the biggest insider owners in Retail Properties of America, Inc. (NYSE:RPAI), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 367,777 shares which have current market value of around $5229788.94.Mr. Shane C. Garrison is another major inside shareholder in the company. The insider owns 177,086 shares as of less than 0.1%, currently worth $2518162.92. Ms. Angela M. Aman is ranked as third insider holder of the stock. This insider holds 153,899 shares with a market value around $2188443.78 as of recent close.

Retail Properties of America, Inc. (NYSE:RPAI) Earnings Outlook

In Retail Properties of America, Inc. (NYSE:RPAI)’s latest quarter, EPS moved to $0.11 from $0.04 in preceding quarter and revenues reached at $142.75M compared to $144.53M. Analysts had expected Retail Properties of America, Inc. (NYSE:RPAI) to post net income of about $0.01 per share on $142.04M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $-0.21 to $0.00. That is compared with the $0.13 in EPS it reported during the same period a year ago.

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