Sumitomo Mitsui Trust Holdings Inc. Purchases 11,836 Shares of Retail Properties of America Inc (RPAI)

Sumitomo Mitsui Trust Holdings Inc. raised its position in Retail Properties of America Inc (NYSE:RPAI) by 5.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 221,595 shares of the real estate investment trust’s stock after purchasing an additional 11,836 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Retail Properties of America were worth $2,584,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Millennium Management LLC increased its position in shares of Retail Properties of America by 91.2% in the fourth quarter. Millennium Management LLC now owns 3,421,897 shares of the real estate investment trust’s stock valued at $45,990,000 after acquiring an additional 1,632,224 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Retail Properties of America by 39.4% in the fourth quarter. Renaissance Technologies LLC now owns 5,154,055 shares of the real estate investment trust’s stock valued at $69,270,000 after acquiring an additional 1,455,955 shares during the last quarter. Two Sigma Investments LP acquired a new stake in shares of Retail Properties of America in the fourth quarter valued at about $19,373,000. American Century Companies Inc. acquired a new stake in shares of Retail Properties of America in the fourth quarter valued at about $18,630,000. Finally, Zimmer Partners LP acquired a new stake in shares of Retail Properties of America in the fourth quarter valued at about $17,808,000. 79.45% of the stock is currently owned by hedge funds and other institutional investors.

Retail Properties of America stock opened at $11.30 on Friday. Retail Properties of America Inc has a 52 week low of $10.84 and a 52 week high of $13.78. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market cap of $2.46 billion, a P/E ratio of 10.66 and a beta of 0.30.

Retail Properties of America (NYSE:RPAI) last posted its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.23. Retail Properties of America had a return on equity of 15.25% and a net margin of 58.23%. The business had revenue of $126.59 million during the quarter, compared to analysts’ expectations of $126.72 million. sell-side analysts predict that Retail Properties of America Inc will post 1.01 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 10th. Investors of record on Tuesday, June 26th will be issued a dividend of $0.166 per share. The ex-dividend date is Monday, June 25th. This represents a $0.66 dividend on an annualized basis and a yield of 5.88%. This is a boost from Retail Properties of America’s previous quarterly dividend of $0.17. Retail Properties of America’s dividend payout ratio (DPR) is presently 62.26%.

A number of analysts recently issued reports on RPAI shares. Citigroup lowered their target price on Retail Properties of America from $15.00 to $14.50 and set a “buy” rating on the stock in a research report on Wednesday, February 21st. Zacks Investment Research downgraded Retail Properties of America from a “hold” rating to a “sell” rating in a research report on Thursday, February 15th. Boenning Scattergood set a $19.00 target price on Retail Properties of America and gave the company a “buy” rating in a research report on Thursday, February 15th. Jefferies Group set a $14.00 target price on Retail Properties of America and gave the company a “hold” rating in a research report on Tuesday, February 13th. Finally, ValuEngine downgraded Retail Properties of America from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $15.36.

Retail Properties of America Company Profile

Retail Properties of America, Inc is a REIT that owns and operates high quality, strategically located shopping centers in the United States. As of December 31, 2017, the Company owned 112 retail operating properties representing 20.3 million square feet. The Company is publicly traded on the New York Stock Exchange under the ticker symbol RPAI.

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

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