Caxton Associates LP Acquires New Holdings in Retail Properties of America, Inc. (RPAI)

Caxton Associates LP acquired a new position in Retail Properties of America, Inc. (NYSE:RPAI) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 43,400 shares of the real estate investment trust’s stock, valued at approximately $530,000.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in shares of Retail Properties of America by 2,354.6% in the 1st quarter. BlackRock Inc. now owns 18,340,329 shares of the real estate investment trust’s stock worth $264,469,000 after acquiring an additional 17,593,152 shares during the period. KCG Holdings Inc. increased its holdings in shares of Retail Properties of America by 57.4% in the 1st quarter. KCG Holdings Inc. now owns 43,693 shares of the real estate investment trust’s stock worth $630,000 after acquiring an additional 15,939 shares during the period. HighTower Advisors LLC increased its holdings in shares of Retail Properties of America by 20.4% in the 1st quarter. HighTower Advisors LLC now owns 21,931 shares of the real estate investment trust’s stock worth $317,000 after acquiring an additional 3,720 shares during the period. Prudential Financial Inc. increased its holdings in shares of Retail Properties of America by 9.4% in the 2nd quarter. Prudential Financial Inc. now owns 4,774,697 shares of the real estate investment trust’s stock worth $58,299,000 after acquiring an additional 411,257 shares during the period. Finally, Karp Capital Management Corp acquired a new stake in shares of Retail Properties of America in the 1st quarter worth about $426,000. 78.91% of the stock is currently owned by institutional investors and hedge funds.

Retail Properties of America, Inc. (RPAI) traded up 0.45% during mid-day trading on Wednesday, hitting $13.43. 133,089 shares of the company were exchanged. The company has a market cap of $3.09 billion, a price-to-earnings ratio of 17.00 and a beta of 0.44. The stock’s 50 day moving average is $13.29 and its 200-day moving average is $13.15. Retail Properties of America, Inc. has a 12-month low of $11.61 and a 12-month high of $16.20.

Retail Properties of America (NYSE:RPAI) last issued its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.01. The company had revenue of $137.34 million during the quarter, compared to analysts’ expectations of $135.81 million. Retail Properties of America had a return on equity of 9.20% and a net margin of 34.57%. The business’s revenue was down 6.7% on a year-over-year basis. During the same period last year, the business earned $0.31 earnings per share. Equities research analysts predict that Retail Properties of America, Inc. will post $0.51 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 10th. Shareholders of record on Tuesday, September 26th were issued a dividend of $0.1656 per share. The ex-dividend date of this dividend was Monday, September 25th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 4.96%. Retail Properties of America’s payout ratio is presently 82.50%.

In other Retail Properties of America news, Director Gerald M. Gorski sold 4,790 shares of Retail Properties of America stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $13.59, for a total transaction of $65,096.10. Following the completion of the transaction, the director now directly owns 46,907 shares of the company’s stock, valued at $637,466.13. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.40% of the stock is currently owned by company insiders.

RPAI has been the topic of a number of analyst reports. BidaskClub raised shares of Retail Properties of America from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Citigroup Inc. reaffirmed a “buy” rating and issued a $15.00 price objective (down previously from $16.00) on shares of Retail Properties of America in a report on Monday, July 10th. Zacks Investment Research raised shares of Retail Properties of America from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Thursday, August 31st. Jefferies Group LLC reaffirmed a “hold” rating and issued a $13.00 price objective on shares of Retail Properties of America in a report on Tuesday, August 29th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Retail Properties of America in a report on Friday, August 25th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $15.10.

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About Retail Properties of America

Retail Properties of America, Inc is a real estate investment trust (REIT). The Company owns and operates shopping centers located in the United States. As of December 31, 2016, it owned 156 retail operating properties representing 25,832,000 square feet of gross leasable area (GLA). 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.

Institutional Ownership by Quarter for Retail Properties of America (NYSE:RPAI)

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