Jefferies Remains a Hold on Retail Properties of America Inc

By Carrie Williams

In a report released today, Omotayo Okusanya from Jefferies reiterated a Hold rating on Retail Properties of America Inc (NYSE: RPAI), with a price target of $16. The company’s shares closed last Friday at $12.34, close to its 52-week low of $12.20.

According to, Okusanya is a 4-star analyst with an average return of 5.8% and a 58.6% success rate. Okusanya covers the Financial sector, focusing on stocks such as Government Properties Income Trust, National Storage Affiliates Trust, and Senior Housing Properties Trust.

Retail Properties of America Inc has an analyst consensus of Hold, with a price target consensus of $16.

Based on Retail Properties of America Inc’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $144 million and GAAP net loss of $50.35 million. In comparison, last year the company earned revenue of $149 million and had a net profit of $25.56 million.

Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RPAI in relation to earlier this year. Last month, Thomas Sargeant, a Director at RPAI bought 3,900 shares for a total of $49,980.

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Retail Properties of America, Inc. operates as a real estate investment trust. Its retail operating portfolio includes: power centers; neighborhood and community centers; and lifestyle centers and multi-tenant retail-focused mixed-use properties, as well as single-user retail properties. The company was founded in March 5, 2003 and is headquartered in Oak Brook, IL.