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About Retail Properties of America (NYSE:RPAI)
Retail Properties of America, Inc. is a REIT that owns and operates high quality, strategically located shopping centers in the United States. As of December 31, 2017, the Company owned 112 retail operating properties representing 20.3 million square feet. The Company is publicly traded on the New York Stock Exchange under the ticker symbol RPAI. Additional information about the Company is available at www.rpai.com.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryRetail REITs
SectorFinance
SymbolNYSE:RPAI
CUSIP76131V20
Phone630-634-4200
Debt
Debt-to-Equity Ratio0.85
Current Ratio1.12
Quick Ratio1.12
Price-To-Earnings
Trailing P/E Ratio10.66
Forward P/E Ratio11.40
P/E GrowthN/A
Sales & Book Value
Annual Sales$538.14 million
Price / Sales4.69
Cash Flow$2.1514 per share
Price / Cash5.35
Book Value$8.60 per share
Price / Book1.34
Profitability
EPS (Most Recent Fiscal Year)$1.06
Net Income$251.49 million
Net Margins58.23%
Return on Equity15.25%
Return on Assets7.55%
Miscellaneous
Employees220
Outstanding Shares219,490,000
Retail Properties of America (NYSE:RPAI) Frequently Asked Questions
What is Retail Properties of America's stock symbol?
Retail Properties of America trades on the New York Stock Exchange (NYSE) under the ticker symbol "RPAI."
How often does Retail Properties of America pay dividends? What is the dividend yield for Retail Properties of America?
Retail Properties of America declared a quarterly dividend on Tuesday, April 24th. Stockholders of record on Tuesday, June 26th will be paid a dividend of $0.166 per share on Tuesday, July 10th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.77%. The ex-dividend date of this dividend is Monday, June 25th. This is a positive change from Retail Properties of America's previous quarterly dividend of $0.17. View Retail Properties of America's Dividend History.
How will Retail Properties of America's stock buyback program work?
Retail Properties of America declared that its Board of Directors has approved a share repurchase plan on Friday, December 15th 2017, which allows the company to buyback $250,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company's board believes its shares are undervalued.
How were Retail Properties of America's earnings last quarter?
Retail Properties of America Inc (NYSE:RPAI) announced its quarterly earnings data on Tuesday, May, 1st. The real estate investment trust reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.25 by $0.06. The real estate investment trust earned $124.80 million during the quarter, compared to analyst estimates of $123.56 million. Retail Properties of America had a return on equity of 15.25% and a net margin of 58.23%. The company's quarterly revenue was down 13.2% on a year-over-year basis. During the same quarter last year, the business posted $0.28 EPS. View Retail Properties of America's Earnings History.
When is Retail Properties of America's next earnings date?
What guidance has Retail Properties of America issued on next quarter's earnings?
Retail Properties of America updated its FY18 earnings guidance on Tuesday, May, 1st. The company provided earnings per share guidance of $0.98-$1.02 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.01.
What price target have analysts set for RPAI?
6 Wall Street analysts have issued 12 month target prices for Retail Properties of America's stock. Their forecasts range from $13.00 to $18.00. On average, they expect Retail Properties of America's share price to reach $15.4167 in the next twelve months. View Analyst Ratings for Retail Properties of America.
Are investors shorting Retail Properties of America?
Retail Properties of America saw a drop in short interest during the month of April. As of April 13th, there was short interest totalling 2,208,161 shares, a drop of 46.3% from the March 30th total of 4,111,419 shares. Based on an average trading volume of 2,171,870 shares, the days-to-cover ratio is presently 1.0 days. Approximately 1.0% of the shares of the stock are short sold.
Who are some of Retail Properties of America's key competitors?
Some companies that are related to Retail Properties of America include Duke Realty (DRE), Regency Centers (REG), United Dominion Realty Trust (UDR), Iron Mountain (IRM), Federal Realty Investment Trust (FRT), SL Green Realty (SLG), Macerich (MAC), Camden Property Trust (CPT), Equity Lifestyle Properties (ELS), AGNC Investment (AGNC), Gaming and Leisure Properties (GLPI), Sun Communities (SUI), Vici Properties (VICI), Kilroy Realty (KRC) and W. P. Carey (WPC).
Who are Retail Properties of America's key executives?
Retail Properties of America's management team includes the folowing people:
- Mr. Steven P. Grimes, Pres, CEO & Director (Age 51)
- Ms. Julie M. Swinehart, Exec. VP, CFO & Treasurer (Age 42)
- Mr. Shane C. Garrison, Exec. VP, COO & Chief Investment Officer (Age 48)
- Mr. Michael P. Fitzmaurice, Sr. VP of Fin.
- Mr. Nick Over, VP and Director of Devel.
Has Retail Properties of America been receiving favorable news coverage?
Media coverage about RPAI stock has trended somewhat positive on Monday, Accern reports. The research firm rates the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Retail Properties of America earned a news sentiment score of 0.16 on Accern's scale. They also gave media coverage about the real estate investment trust an impact score of 46.65 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the immediate future.
Who are Retail Properties of America's major shareholders?
Retail Properties of America's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.47%), Long Pond Capital LP (3.77%), Schwab Charles Investment Management Inc. (2.22%), Resolution Capital Ltd (1.69%), Dimensional Fund Advisors LP (1.66%) and Franklin Resources Inc. (1.47%). Company insiders that own Retail Properties of America stock include Bonnie Biumi, Gerald M Gorski, Richard P Imperiale, Shane C Garrison and Thomas J Sargeant. View Institutional Ownership Trends for Retail Properties of America.
Which major investors are selling Retail Properties of America stock?
RPAI stock was sold by a variety of institutional investors in the last quarter, including Prudential Financial Inc., Millennium Management LLC, Russell Investments Group Ltd., JPMorgan Chase & Co., Schwab Charles Investment Management Inc., Allianz Asset Management GmbH, Virginia Retirement Systems ET AL and American Century Companies Inc.. View Insider Buying and Selling for Retail Properties of America.
Which major investors are buying Retail Properties of America stock?
RPAI stock was bought by a variety of institutional investors in the last quarter, including Resolution Capital Ltd, Franklin Resources Inc., Westwood Holdings Group Inc., Zimmer Partners LP, Long Pond Capital LP, Citigroup Inc., UBS Group AG and Landscape Capital Management L.L.C.. Company insiders that have bought Retail Properties of America stock in the last two years include Bonnie Biumi, Richard P Imperiale, Shane C Garrison and Thomas J Sargeant. View Insider Buying and Selling for Retail Properties of America.
How do I buy shares of Retail Properties of America?
Shares of RPAI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Retail Properties of America's stock price today?
One share of RPAI stock can currently be purchased for approximately $11.50.
How big of a company is Retail Properties of America?
Retail Properties of America has a market capitalization of $2.48 billion and generates $538.14 million in revenue each year. The real estate investment trust earns $251.49 million in net income (profit) each year or $1.06 on an earnings per share basis. Retail Properties of America employs 220 workers across the globe.
How can I contact Retail Properties of America?
Retail Properties of America's mailing address is 2021 SPRING ROAD SUITE 200, OAK BROOK IL, 60523. The real estate investment trust can be reached via phone at 630-634-4200 or via email at [email protected]
MarketBeat Community Rating for Retail Properties of America (RPAI)
MarketBeat's community ratings are surveys of what our community members think about Retail Properties of America and other stocks. Vote "Outperform" if you believe RPAI will outperform the S&P 500 over the long term. Vote "Underperform" if you believe RPAI will underperform the S&P 500 over the long term. You may vote once every thirty days.
Retail Properties of America (NYSE:RPAI) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
6 Wall Street analysts have issued ratings and price targets for Retail Properties of America in the last 12 months. Their average twelve-month price target is $15.4167, suggesting that the stock has a possible upside of 33.94%. The high price target for RPAI is $18.00 and the low price target for RPAI is $13.00. There are currently 1 hold rating and 5 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.83 | 2.83 | 2.83 | 2.57 |
| Ratings Breakdown: | 0 Sell Rating(s)
1 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $15.4167 | $15.9167 | $16.1667 | $16.1429 |
| Price Target Upside: | 33.94% upside | 31.43% upside | 38.29% upside | 23.51% upside |
Retail Properties of America (NYSE:RPAI) Consensus Price Target History
Retail Properties of America (NYSE:RPAI) Analyst Ratings History
Show:
(Data available from 5/21/2016 forward)
Retail Properties of America (NYSE:RPAI) Dividend Information
Retail Properties of America pays an annual dividend of $0.66 per share, with a dividend yield of 5.73%. RPAI's next quarterly dividend payment will be made on Tuesday, July 10. Retail Properties of America pays out 62.26% of its earnings out as a dividend.
| Next Dividend: | 7/10/2018 |
| Annual Dividend: | $0.66 |
| Dividend Yield: | 5.73% |
| Dividend Growth: | 0.00% (3 Year Average) |
| Payout Ratio(s): | 62.26% (Trailing 12 Months of Earnings)
65.35% (Based on This Year's Estimates)
61.68% (Based on Next Year's Estimates)
30.68% (Based on Cash Flow)
|
| Frequency: | Quarterly Dividend |
Retail Properties of America (NYSE:RPAI) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 4/24/2018 | Quarterly | $0.1660 | 6.04% | 6/25/2018 | 6/26/2018 | 7/10/2018 |
| 2/9/2018 | quarterly | $0.1656 | 5.84% | 3/26/2018 | 3/27/2018 | 4/10/2018 |
| 10/27/2017 | quarterly | $0.1656 | 5.33% | 12/22/2017 | 12/27/2017 | 1/10/2018 |
| 7/26/2017 | quarterly | $0.1656 | 5.06% | 9/25/2017 | 9/26/2017 | 10/10/2017 |
| 4/26/2017 | quarterly | $0.1656 | 4.81% | 6/22/2017 | 6/26/2017 | 7/10/2017 |
| 2/14/2017 | quarterly | $0.1656 | 4.39% | 3/23/2017 | 3/27/2017 | 4/10/2017 |
| 10/26/2016 | | $0.1660 | | 12/20/2016 | 12/22/2016 | 1/10/2017 |
| 7/29/2016 | | $0.1660 | | 9/22/2016 | 9/26/2016 | 10/7/2016 |
| 4/26/2016 | | $0.1660 | | 6/23/2016 | 6/27/2016 | 7/8/2016 |
| 2/11/2016 | | $0.1660 | | 3/23/2016 | 3/28/2016 | 4/8/2016 |
| 10/28/2015 | | $0.1660 | | 12/21/2015 | 12/23/2015 | 1/8/2016 |
| 7/28/2015 | | $0.1656 | | 9/23/2015 | 9/25/2015 | 10/9/2015 |
| 4/28/2015 | quarterly | $0.1656 | 4.24% | 6/24/2015 | 6/26/2015 | 7/10/2015 |
| 2/11/2015 | quarterly | $0.1656 | 3.86% | 3/25/2015 | 3/27/2015 | 4/10/2015 |
| 10/21/2014 | quarterly | $0.1656 | 4.23% | 12/23/2014 | 12/26/2014 | 1/9/2015 |
| 7/29/2014 | quarterly | $0.1656 | 4.33% | 9/24/2014 | 9/26/2014 | 10/10/2014 |
| 4/22/2014 | quarterly | $0.1656 | 4.69% | 6/25/2014 | 6/27/2014 | 7/10/2014 |
| 2/11/2014 | quarterly | $0.1656 | 4.96% | 3/26/2014 | 3/28/2014 | 4/10/2014 |
| 10/29/2013 | quarterly | $0.1656 | 4.67% | 12/27/2013 | 12/31/2013 | 1/10/2014 |
| 7/31/2013 | quarterly | $0.1656 | 4.7% | 9/17/2013 | 9/19/2013 | 9/30/2013 |
| 7/30/2013 | quarterly | $0.1656 | | | 9/27/2013 | 10/10/2013 |
| 4/30/2013 | quarterly | $0.1656 | 4.38% | 6/26/2013 | 6/28/2013 | 7/10/2013 |
| 2/14/2013 | quarterly | $0.1656 | 4.84% | 3/26/2013 | 3/29/2013 | 4/10/2013 |
| 2/13/2013 | quarterly | $0.1656 | | | 3/21/2013 | 4/1/2013 |
| 12/10/2012 | quarterly | $0.1656 | 5.54% | 12/27/2012 | 12/31/2012 | 1/10/2013 |
(Data available from 1/1/2013 forward)
Retail Properties of America (NYSE RPAI) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.49%
Institutional Ownership Percentage: 81.69%
Retail Properties of America (NYSE RPAI) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 9/7/2017 | Gerald M Gorski | Director | Sell | 4,790 | $13.59 | $65,096.10 | 46,907 |  |
| 5/19/2017 | Shane C. Garrison | COO | Buy | 2,050 | $12.67 | $25,973.50 | | |
| 5/18/2017 | Shane C. Garrison | COO | Sell | 1,000 | $25.56 | $25,560.00 | | |
| 5/16/2017 | Richard P Imperiale | Director | Buy | 4,500 | $12.61 | $56,745.00 | 37,602 | |
| 5/9/2017 | Thomas J Sargeant | Director | Buy | 3,900 | $12.82 | $49,998.00 | 39,392 | |
| 6/7/2016 | Bonnie Biumi | Director | Buy | 2,000 | $16.24 | $32,480.00 | 15,209 | |
| 9/4/2015 | Richard P Imperiale | Director | Buy | 3,000 | $13.20 | $39,600.00 | 28,546 | |
| 12/5/2014 | Thomas J Sargeant | Director | Buy | 6,090 | $16.37 | $99,693.30 | | |
| 11/17/2014 | Gerald M Gorski | Director | Sell | 4,505 | $15.55 | $70,052.75 | | |
| 3/11/2014 | Thomas Sargeant | Director | Buy | 3,600 | $13.84 | $49,824.00 | 12,792 | |
| 12/13/2013 | Richard Imperiale | Director | Buy | 3,000 | $12.79 | $38,370.00 | 13,892 | |
| 8/22/2013 | Thomas J Sargeant | Director | Buy | 3,800 | $13.25 | $50,350.00 | | |
| 6/10/2013 | Richard P Imperiale | Director | Buy | 2,500 | $15.39 | $38,475.00 | | |
| 5/31/2013 | Barbara Murphy | Director | Buy | 5,100 | $14.62 | $74,562.00 | | |
| 3/15/2013 | Gerald M Gorski | Director | Buy | 5,130 | $14.58 | $74,795.40 | | |
| 2/22/2013 | Kenneth Masick | Director | Buy | 6,000 | $13.91 | $83,460.00 | | |
| 12/31/2012 | Frank A Catalano Jr | Director | Buy | 5,925 | $11.93 | $70,685.25 | | |
| 12/14/2012 | Kenneth Masick | Director | Buy | 4,700 | $11.92 | $56,024.00 | | |
| 8/29/2012 | Kenneth Masick | Director | Buy | 3,000 | $11.11 | $33,330.00 | | |
(Data available from 1/1/2013 forward)
Retail Properties of America (NYSE RPAI) News Headlines
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Retail Properties of America (NYSE:RPAI) SEC Filings
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Retail Properties of America (NYSE:RPAI) Income Statement, Balance Sheet and Cash Flow Statement
Retail Properties of America (NYSE RPAI) Stock Chart for Monday, May, 21, 2018
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