Future Outlook and Share Price Trends among Shares of Retail Properties of America Inc. (NYSE: RPAI) – Marketing Sentinel
In today’s recent session, 2.51 million shares of Retail Properties of America Inc. (NYSE: RPAI) were traded and its beta is 1.79. More recently, the company’s stock price was $ 11.92 and it has changed about $ 0.52 or 4.56% since the last close, bringing the company’s market valuation to 2. , 48 billion dollars. At last check, RPAI was trading at a discount from its 52-week high of $ 12.79, offering nearly -7.3% off that amount. The stock price‘s 52-week low was $ 5.14, indicating the recent value has risen an impressive 56.88% since then. We note from Retail Properties of America Inc.’s average daily trading volume that its 10-day average is 1.41 million shares, with the 3-month average reaching 1.49 million.
Stocks of Retail Properties of America Inc. received a consensus recommendation rating from Hold, based on an average score of 3.00. If we take it even further, the data shows that one in six analysts rate the stock as a sell; another 1 rates him as overweight. Of the others, 4 recommended RPAI as Hold, while 0 viewed it as a buy and 0 rated it as underweight. Retail Properties of America Inc. is expected to report earnings per share of – $ 0.01 for the current quarter.
Instantly, RPAI has shown a green trend so far today with a performance of 4.56% on intraday trading today. The performance of the last five days has remained in the red. Rising weekly highs of 12.19 on Monday 7/19/21 raised the daily share price by 2.21%. Shares of the company are currently up 33.18% year-to-date, but still down -4.44% in the past five days. On the other hand, Retail Properties of America Inc. (NYSE: RPAI) is down -4.44% over the 30-day period. We can see from the shorts that 5.46 million shares were sold at a short interest coverage period of 5.79 day (s).
The consensus price target as assigned by Wall Street analysts is $ 12.67, which means the bulls need to raise their stock price 5.92% from its current value. Analysts’ projections indicate that the RPAI should reach a low of $ 12.00 and a high of $ 14.00. For the stock price to reach the expected high, the stock would have to plunge -17.45% from its current level, while the stock would have to collapse -0.67% from its current level. current level to reach the expected low.
Retail Properties of America Inc. (RPAI) Estimates and Forecasts
Retail Properties of America Inc.’s stock prices are performing particularly well relative to other companies in the same industry. As the statistics show, the company’s shares have risen 20.51% in the past six months and at an annual growth rate of 4.76% well above the industry average of 3.60%. Additionally, analysts have decided to postpone their revenue estimates for fiscal 2021. Rating agencies predict that it will gain 75.00% in revenue this quarter and report an increase of 100.00% in the next quarter. The year-over-year growth rate is expected to be 5.20%, up from the previous year.
Consensus estimates provided by 4 financial analysts predict that the company will generate an average of $ 109.94 million in revenue for the current quarter. 4 analysts expect Retail Properties of America Inc. to achieve revenue of $ 110.71 million for the quarter ending September 2021. Company sales for the same quarters a year ago were $ 96.33 million and $ 107.36 million, respectively. Analysts predict the company’s current quarter sales will surge, forecast at 14.10%. The forecast for the next quarter is for sales growth of 3.10%.
Looking at the company’s year-over-year earnings, the past five years have shown a negative earnings growth rate of -32.80%. Retail Properties of America Inc. earnings are expected to grow -55.40% in 2021, but the outlook is negative -4.49% per year for the next five years.
Retail Properties of America Inc.’s next quarterly earnings report is expected to be released around August 2-6. The stock’s annual dividend yield is 2.63% and its annual dividend per share was 0.30. It is important to note, however, that the dividend yield ratio of 2.63% should only be considered as a guide as there are many other factors to consider before making any investment decision. The average dividend yield over the past five years has averaged 5.62 per year.
Principal Holders of Retail Properties of America Inc. (NYSE: RPAI)
Looking at the major shareholders, it appears that insiders own 1.01% of the shares of Retail Properties of America Inc., and 93.38% of them are in the hands of institutional investors. The share currently has a free float of 94.33%. The shares of Retail Properties of America Inc. are held by 349 institutions, with Blackrock Inc. being the largest institutional investor. As of March 30, 2021, she held 18.84% of the shares, or approximately 40.45 million shares valued at $ 423.93 million.
Vanguard Group, Inc. (The), with 15.81% or 33.94 million shares valued at $ 355.69 million as of March 30, 2021, holds the second largest percentage of shares outstanding.
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iShares Core S&P Smallcap ETF and Vanguard Specialized-Real Estate Index Fund were the two largest mutual funds as of May 30, 2021. The former held 14.4 million shares valued at $ 173.57 million, or 6 , 71% of all shares outstanding. On the other hand, Vanguard Specialized-Real Estate Index Fund held approximately 9.57 million shares valued at approximately $ 88.13 million, which is approximately 4.46% of the total shares outstanding.