Deutsche Bank Starts Retail Properties of America (RPAI) at Buy; Boost From Economic Recovery
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Price: $13.15 --0%
Rating Summary:
2 Buy, 7 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 22 | New: 20
Rating Summary:
2 Buy, 7 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 22 | New: 20
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Deutsche Bank initiates coverage on Retail Properties of America (NYSE: RPAI) with a Buy. PT $10.50.
Deutsche analyst said, "With substantial portfolio upside still ahead and balance sheet repair in its latter stages, we think RPAI is well-levered to the economic recovery that we expect will continue to accelerate over the coming years. With retail occupancy at only 88%, we see above avg internal growth over the next few years. We also see the completion of RPAI’s disposition plans in 2012, achievement of its de-leveraging targets, and improving operating metrics as key identifiable catalysts that should drive a narrowing of the significant valuation discount to its peers."
For an analyst ratings summary and ratings history on Retail Properties of America click here. For more ratings news on Retail Properties of America click here.
Shares of Retail Properties of America closed at $9.11 yesterday.
Deutsche analyst said, "With substantial portfolio upside still ahead and balance sheet repair in its latter stages, we think RPAI is well-levered to the economic recovery that we expect will continue to accelerate over the coming years. With retail occupancy at only 88%, we see above avg internal growth over the next few years. We also see the completion of RPAI’s disposition plans in 2012, achievement of its de-leveraging targets, and improving operating metrics as key identifiable catalysts that should drive a narrowing of the significant valuation discount to its peers."
For an analyst ratings summary and ratings history on Retail Properties of America click here. For more ratings news on Retail Properties of America click here.
Shares of Retail Properties of America closed at $9.11 yesterday.
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