Retail Properties of America, Inc. (RPAI) Holdings Raised by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC boosted its holdings in shares of Retail Properties of America, Inc. (NYSE:RPAI) by 107.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 80,512 shares of the real estate investment trust’s stock after acquiring an additional 41,766 shares during the quarter. HighPoint Advisor Group LLC’s holdings in Retail Properties of America were worth $1,029,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. grew its stake in shares of Retail Properties of America by 1.4% in the first quarter. Principal Financial Group Inc. now owns 40,759 shares of the real estate investment trust’s stock valued at $588,000 after buying an additional 553 shares in the last quarter. Teachers Advisors LLC lifted its holdings in Retail Properties of America by 253.9% during the 1st quarter. Teachers Advisors LLC now owns 1,139,845 shares of the real estate investment trust’s stock worth $16,437,000 after buying an additional 817,756 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Retail Properties of America by 1.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,221,570 shares of the real estate investment trust’s stock worth $46,454,000 after buying an additional 37,016 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Retail Properties of America by 2.7% during the 1st quarter. AQR Capital Management LLC now owns 221,637 shares of the real estate investment trust’s stock worth $3,196,000 after buying an additional 5,845 shares during the last quarter. Finally, HighTower Advisors LLC lifted its holdings 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 last quarter. 78.80% of the stock is owned by institutional investors.

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In other Retail Properties of America news, Director Gerald M. Gorski sold 4,790 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 46,907 shares in the company, valued at approximately $637,466.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.40% of the company’s stock.

Retail Properties of America, Inc. (NYSE:RPAI) traded down $0.05 during midday trading on Tuesday, reaching $12.87. The company’s stock had a trading volume of 2,123,100 shares, compared to its average volume of 1,754,180. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.89 and a quick ratio of 0.89. Retail Properties of America, Inc. has a 52 week low of $11.61 and a 52 week high of $15.81. The firm has a market cap of $2,934.13, a PE ratio of 12.19 and a beta of 0.48.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Wednesday, December 27th will be given a dividend of $0.1656 per share. This represents a $0.66 annualized dividend and a yield of 5.15%. The ex-dividend date is Friday, December 22nd. Retail Properties of America’s payout ratio is 101.54%.

Several analysts have recently weighed in on the company. Boenning Scattergood reissued a “buy” rating and issued a $18.50 target price on shares of Retail Properties of America in a report on Thursday, November 2nd. Zacks Investment Research upgraded Retail Properties of America from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Wednesday, October 11th. BidaskClub upgraded Retail Properties of America from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Robert W. Baird restated a “buy” rating and issued a $18.00 price target on shares of Retail Properties of America in a research report on Wednesday, November 1st. Finally, KeyCorp restated a “hold” rating on shares of Retail Properties of America in a research report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $16.00.

Retail Properties of America Profile

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.

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

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