30,499 Shares in Retail Properties of America, Inc. (RPAI) Purchased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd acquired a new stake in Retail Properties of America, Inc. (NYSE:RPAI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 30,499 shares of the real estate investment trust’s stock, valued at approximately $372,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC increased its position in Retail Properties of America by 180.2% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 26,141 shares of the real estate investment trust’s stock worth $319,000 after buying an additional 16,811 shares during the period. BlackRock Inc. increased its position in Retail Properties of America by 2,354.6% during the 1st quarter. BlackRock Inc. now owns 18,340,329 shares of the real estate investment trust’s stock worth $264,469,000 after buying an additional 17,593,152 shares during the period. KCG Holdings Inc. increased its position in Retail Properties of America by 57.4% during the 1st quarter. KCG Holdings Inc. now owns 43,693 shares of the real estate investment trust’s stock worth $630,000 after buying an additional 15,939 shares during the period. HighTower Advisors LLC increased its position in Retail Properties of America by 20.4% during the 1st quarter. HighTower Advisors LLC now owns 21,931 shares of the real estate investment trust’s stock worth $317,000 after buying an additional 3,720 shares during the period. Finally, Prudential Financial Inc. increased its position in shares of Retail Properties of America by 9.4% in the second quarter. Prudential Financial Inc. now owns 4,774,697 shares of the real estate investment trust’s stock worth $58,299,000 after purchasing an additional 411,257 shares during the period. 79.10% of the stock is owned by institutional investors.

Shares of Retail Properties of America, Inc. (NYSE RPAI) traded up $0.08 during mid-day trading on Friday, reaching $12.92. The company’s stock had a trading volume of 1,875,300 shares, compared to its average volume of 1,752,488. The company has a market capitalization of $2,950.00, a P/E ratio of 12.11 and a beta of 0.48. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 0.89. Retail Properties of America, Inc. has a 1-year low of $11.61 and a 1-year high of $15.81.

Retail Properties of America (NYSE:RPAI) last released its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.25 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.25. The firm had revenue of $130.52 million during the quarter, compared to the consensus estimate of $132.45 million. Retail Properties of America had a return on equity of 7.61% and a net margin of 28.84%. The company’s quarterly revenue was down 9.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.27 earnings per share. research analysts predict that Retail Properties of America, Inc. will post 1.04 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Wednesday, December 27th will be issued a dividend of $0.1656 per share. The ex-dividend date is Friday, December 22nd. This represents a $0.66 annualized dividend and a yield of 5.13%. Retail Properties of America’s dividend payout ratio (DPR) is currently 103.13%.

In related news, Director Gerald M. Gorski sold 4,790 shares of the company’s 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 sale, the director now owns 46,907 shares in the company, valued at $637,466.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.41% of the company’s stock.

A number of research analysts recently commented on the company. BidaskClub upgraded Retail Properties of America from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 9th. Zacks Investment Research cut Retail Properties of America from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Boenning Scattergood reaffirmed a “buy” rating and issued a $18.50 price objective on shares of Retail Properties of America in a research note on Thursday, November 2nd. Robert W. Baird reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Retail Properties of America in a research note on Wednesday, November 1st. Finally, KeyCorp reaffirmed a “hold” rating on shares of Retail Properties of America in a research note on Friday, August 25th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. Retail Properties of America currently has an average rating of “Hold” and an average target price of $16.00.

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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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