Retail Properties of America, Inc. (RPAI) Holdings Boosted by Sei Investments Co.

Sei Investments Co. grew its position in Retail Properties of America, Inc. (NYSE:RPAI) by 1.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 874,419 shares of the real estate investment trust’s stock after purchasing an additional 10,440 shares during the quarter. Sei Investments Co. owned approximately 0.38% of Retail Properties of America worth $11,481,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. MAI Capital Management boosted its position in shares of Retail Properties of America by 0.3% during the second quarter. MAI Capital Management now owns 27,904 shares of the real estate investment trust’s stock worth $341,000 after acquiring an additional 80 shares during the last quarter. GAM Holding AG boosted its position in shares of Retail Properties of America by 0.5% during the second quarter. GAM Holding AG now owns 20,117 shares of the real estate investment trust’s stock worth $246,000 after acquiring an additional 110 shares during the last quarter. First Allied Advisory Services Inc. boosted its position in shares of Retail Properties of America by 1.6% during the second quarter. First Allied Advisory Services Inc. now owns 14,290 shares of the real estate investment trust’s stock worth $174,000 after acquiring an additional 222 shares during the last quarter. HighTower Advisors LLC boosted its position in shares of Retail Properties of America by 1.1% during the second quarter. HighTower Advisors LLC now owns 22,179 shares of the real estate investment trust’s stock worth $273,000 after acquiring an additional 248 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Retail Properties of America by 3.5% during the second quarter. SG Americas Securities LLC now owns 13,214 shares of the real estate investment trust’s stock worth $161,000 after acquiring an additional 444 shares during the last quarter. Institutional investors and hedge funds own 78.80% of the company’s stock.

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

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In related news, Director Gerald M. Gorski sold 4,790 shares of the company’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $13.59, for a total transaction of $65,096.10. Following the sale, the director now owns 46,907 shares of the company’s stock, valued at $637,466.13. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.41% of the stock is owned by corporate insiders.

Shares of Retail Properties of America, Inc. (NYSE:RPAI) opened at $13.07 on Friday. The stock has a market cap of $2,968.20, a price-to-earnings ratio of 12.33 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 12 month low of $11.61 and a 12 month high of $15.81.

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

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Wednesday, December 27th will be paid a dividend of $0.1656 per share. This represents a $0.66 dividend on an annualized basis and a yield of 5.07%. The ex-dividend date is Friday, December 22nd. Retail Properties of America’s payout ratio is 101.54%.

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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