Aperio Group LLC grew its holdings in shares of Retail Properties of America Inc (NYSE:RPAI) by 56.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 82,552 shares of the real estate investment trust’s stock after buying an additional 29,820 shares during the quarter. Aperio Group LLC’s holdings in Retail Properties of America were worth $1,084,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Fox Run Management L.L.C. acquired a new stake in shares of Retail Properties of America during the 3rd quarter valued at approximately $404,000. Quantitative Systematic Strategies LLC raised its position in shares of Retail Properties of America by 983.6% during the 3rd quarter. Quantitative Systematic Strategies LLC now owns 184,696 shares of the real estate investment trust’s stock valued at $2,425,000 after acquiring an additional 167,652 shares in the last quarter. MPS Loria Financial Planners LLC acquired a new stake in shares of Retail Properties of America during the 2nd quarter valued at approximately $249,000. Cetera Investment Advisers acquired a new stake in shares of Retail Properties of America during the 2nd quarter valued at approximately $179,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Retail Properties of America during the 2nd quarter valued at approximately $372,000. Institutional investors own 79.14% of the company’s stock.
Several equities research analysts recently issued reports on RPAI shares. BidaskClub raised Retail Properties of America from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 9th. Zacks Investment Research raised 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. Jefferies Group reissued a “hold” rating and set a $13.00 price target on shares of Retail Properties of America in a research report on Tuesday, August 29th. KeyCorp reaffirmed a “hold” rating on shares of Retail Properties of America in a research report on Friday, August 25th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $18.00 target price on shares of Retail Properties of America in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $16.00.
Shares of Retail Properties of America Inc (NYSE RPAI) traded up $0.24 during midday trading on Monday, reaching $13.34. The company’s stock 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 1 year low of $11.61 and a 1 year high of $15.81. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a market capitalization of $2,975.01, a price-to-earnings ratio of 12.36 and a beta of 0.50.
Retail Properties of America (NYSE:RPAI) last issued its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.25 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.25. The firm had revenue of $130.52 million for the quarter, compared to analyst estimates of $132.45 million. Retail Properties of America had a return on equity of 7.61% and a net margin of 28.84%. The firm’s revenue for the quarter was down 9.7% on a year-over-year basis. During the same period last year, the company earned $0.27 earnings per share. equities research analysts predict that Retail Properties of America Inc will post 1.05 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Wednesday, December 27th will be issued a dividend of $0.1656 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 4.97%. The ex-dividend date is Friday, December 22nd. Retail Properties of America’s dividend payout ratio (DPR) is 101.54%.
In other news, Director Gerald M. Gorski sold 4,790 shares of the firm’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 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 filing with the Securities & Exchange Commission, which is available through the SEC website. 0.40% of the stock is currently owned by company insiders.
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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.
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