Teachers Advisors LLC Has $7.47 Million Position in Retail Properties of America Inc (RPAI)

Teachers Advisors LLC lowered its stake in shares of Retail Properties of America Inc (NYSE:RPAI) by 3.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 556,067 shares of the real estate investment trust’s stock after selling 17,378 shares during the quarter. Teachers Advisors LLC owned about 0.24% of Retail Properties of America worth $7,474,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. AEW Capital Management L P grew its position in Retail Properties of America by 5.8% during the fourth quarter. AEW Capital Management L P now owns 6,631,593 shares of the real estate investment trust’s stock worth $89,129,000 after buying an additional 365,800 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Retail Properties of America by 5.4% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 5,278,371 shares of the real estate investment trust’s stock valued at $70,942,000 after purchasing an additional 268,343 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Retail Properties of America by 39.4% in the 4th quarter. Renaissance Technologies LLC now owns 5,154,055 shares of the real estate investment trust’s stock valued at $69,270,000 after purchasing an additional 1,455,955 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Retail Properties of America by 2.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,384,350 shares of the real estate investment trust’s stock valued at $44,437,000 after purchasing an additional 65,564 shares in the last quarter. Finally, Heitman Real Estate Securities LLC boosted its holdings in shares of Retail Properties of America by 2.0% in the 4th quarter. Heitman Real Estate Securities LLC now owns 3,100,051 shares of the real estate investment trust’s stock valued at $41,665,000 after purchasing an additional 60,512 shares in the last quarter. 81.12% of the stock is currently owned by institutional investors and hedge funds.

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Shares of RPAI stock opened at $11.76 on Friday. The firm has a market capitalization of $2,644.07, a price-to-earnings ratio of 11.09 and a beta of 0.31. Retail Properties of America Inc has a fifty-two week low of $10.94 and a fifty-two week high of $14.70. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.81 and a current ratio of 0.81.

Retail Properties of America (NYSE:RPAI) last released its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.23. Retail Properties of America had a return on equity of 12.36% and a net margin of 46.73%. The company had revenue of $126.59 million for the quarter, compared to the consensus estimate of $126.72 million. analysts forecast that Retail Properties of America Inc will post 1.01 earnings per share for the current year.

Retail Properties of America announced that its board has authorized a stock buyback plan on Thursday, December 14th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 10th. Investors of record on Tuesday, March 27th will be issued a dividend of $0.1656 per share. This represents a $0.66 annualized dividend and a dividend yield of 5.63%. The ex-dividend date of this dividend is Monday, March 26th. Retail Properties of America’s dividend payout ratio (DPR) is 62.26%.

RPAI has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Retail Properties of America from a “hold” rating to a “sell” rating in a report on Thursday, March 8th. ValuEngine downgraded Retail Properties of America from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Jefferies Group set a $14.00 target price on Retail Properties of America and gave the company a “hold” rating in a report on Friday, December 15th. Citigroup reduced their target price on Retail Properties of America from $15.00 to $14.50 and set a “buy” rating on the stock in a report on Wednesday, February 21st. Finally, JPMorgan Chase raised Retail Properties of America from a “neutral” rating to an “overweight” rating and set a $15.00 target price on the stock in a report on Friday, December 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $15.79.

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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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