Sei Investments Co. Has $11.48 Million Stake in Retail Properties of America Inc (RPAI)

Sei Investments Co. raised its stake in Retail Properties of America Inc (NYSE:RPAI) by 1.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of RPAI. MAI Capital Management boosted its stake in shares of Retail Properties of America by 0.3% during the 2nd 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 period. GAM Holding AG boosted its stake in shares of Retail Properties of America by 0.5% during the 2nd 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 period. First Allied Advisory Services Inc. boosted its stake in shares of Retail Properties of America by 1.6% during the 2nd 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 period. HighTower Advisors LLC boosted its stake in shares of Retail Properties of America by 1.1% during the 2nd 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 period. Finally, SG Americas Securities LLC lifted its holdings in Retail Properties of America by 3.5% during the 2nd quarter. SG Americas Securities LLC now owns 13,214 shares of the real estate investment trust’s stock worth $161,000 after purchasing an additional 444 shares during the last quarter. Hedge funds and other institutional investors own 79.14% of the company’s stock.

In related news, Director Gerald M. Gorski sold 4,790 shares of the company’s stock in a transaction dated Thursday, September 7th. The stock was 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 in the company, valued at approximately $637,466.13. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.40% of the stock is owned by corporate insiders.

Shares of Retail Properties of America Inc (RPAI) traded up $0.24 during mid-day trading on Monday, reaching $13.34. The company had a trading volume of 1,376,890 shares, compared to its average volume of 1,775,533. Retail Properties of America Inc has a twelve month low of $11.61 and a twelve month high of $15.81. The company has a market cap of $2,975.01, a price-to-earnings ratio of 12.36 and a beta of 0.50. 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 (NYSE:RPAI) last released its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.25 EPS for the quarter, meeting analysts’ consensus estimates of $0.25. Retail Properties of America had a return on equity of 7.61% and a net margin of 28.84%. The firm had revenue of $130.52 million for the quarter, compared to analyst estimates of $132.45 million. During the same quarter in the previous year, the company posted $0.27 EPS. The business’s revenue was down 9.7% on a year-over-year basis. sell-side analysts anticipate that Retail Properties of America Inc will post 1.05 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Wednesday, December 27th will be given a dividend of $0.1656 per share. The ex-dividend date is Friday, December 22nd. This represents a $0.66 annualized dividend and a dividend yield of 4.97%. Retail Properties of America’s payout ratio is 101.54%.

Several analysts recently weighed in on the company. KeyCorp raised Retail Properties of America from a “sector weight” rating to an “overweight” rating and set a $16.00 price target for the company in a report on Monday, November 20th. Boenning Scattergood reissued a “buy” rating and set a $18.50 price target on shares of Retail Properties of America in a report 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 report on Wednesday, November 1st. BidaskClub cut Retail Properties of America from a “hold” rating to a “sell” rating in a report on Friday, October 27th. Finally, Zacks Investment Research cut Retail Properties of America from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus 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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