Retail Properties of America reports 2Q results

Paterniano Del Favero
Agosto 2, 2017

Peak6 Lp invested in 749 shares or 0% of the stock.

Another recent and important Retail Properties of America Inc (NYSE:RPAI) news was published by Prnewswire.com which published an article titled: "Retail Properties Of America, Inc". Eads & Heald Investment Counsel who had been investing in Facebook for a number of months, seems to be bullish on the $493.31B market cap company. Credit Suisse initiated Retail Properties of America Inc (NYSE:RPAI) on Friday, January 15 with "Outperform" rating. Nationwide Fund Advisors acquired a new position in shares of Retail Properties of America during the first quarter worth approximately $162,000. Comerica Bank purchased a new position in Retail Properties of America during the first quarter valued at $156,000. Tudor Investment Corp ET AL's holdings in Retail Properties of America were worth $147,000 as of its most recent filing with the SEC. -Revenue Change (Y-o-Y): 11.2%. (RPAI) traded up 0.718% during midday trading on Tuesday, hitting $13.325. Eads & Heald Investment Counsel bought 6,294 shares as the company's stock rose 10.88% with the market. The company has a market capitalization of $6.08 billion, a price-to-earnings ratio of 31.55 and a beta of 0.38. Daiwa Sb Invests Ltd has invested 0% in National Retail Properties, Inc.

Shares last traded at $39.98 a tad higher than the 50 day moving average which is $39.23 and which is marginally lower than the 200 day moving average of $41.73.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. The ex-dividend date will be Thursday July 27th, 2017. The dividend yield will be $4.74. Retail Properties of America's dividend payout ratio is now 153.49%. If you are accessing this report on another site, it was illegally copied and reposted in violation of U.S. and global trademark and copyright law. Equity research analysts have forecasted the stock level. The Company focuses on investing in a range of property and tenant types; leases, mortgages and other types of real estate interests; loans secured by personal property; loans secured by partnership or membership interests in partnerships or limited liability companies, and securities of other REITs, or other issuers, including for the objective of exercising control over such entities. Also, the Hold rating count is 4 as of 07/31/17. National Retail Properties presently has a consensus rating of Hold and an average target price of $49.43. Citigroup Inc. reaffirmed a "buy" rating and issued a $16.00 price objective (down from $18.00) on shares of Retail Properties of America in a research note on Tuesday, June 6th. BidaskClub raised shares of Retail Properties of America from a "strong sell" rating to a "sell" rating in a research report on Wednesday, June 14th. On September 26 analysts at UBS starting coverage on NNN setting a rating of "Sell" and a price target of $35.00. JP Morgan upgraded the stock to "Neutral" rating in Friday, December 16 report. Following the transaction, the director now directly owns 37,602 shares in the company, valued at $474,161.22.

The information in this Form 8-K is being furnished and shall not be deemed to be "filed" for purposes of Section18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities of such section, nor shall such information be deemed to be incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. The company provided earnings per share guidance of $2.46-2.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.48. The shares were sold at an average price of $25.56, for a total transaction of $25,560.00. The disclosure for this purchase can be found here.

Retail Properties of America had 11 analyst reports since January 15, 2016 according to SRatingsIntel. As of December 31, 2016, NNN owned 2,535 properties with an aggregate gross leasable area of approximately 27,204,000 square feet, located in 48 states. Its retail operating portfolio includes neighborhood and community centers, power centers, and lifestyle centers and multi-tenant retail-focused mixed-use properties, as well as single-user retail properties.

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