83,881 Shares in Retail Properties of America Inc (NYSE:RPAI) Acquired by Stevens Capital Management LP

Stevens Capital Management LP bought a new position in shares of Retail Properties of America Inc (NYSE:RPAI) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 83,881 shares of the real estate investment trust’s stock, valued at approximately $986,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. State of Alaska Department of Revenue increased its stake in Retail Properties of America by 0.9% during the 1st quarter. State of Alaska Department of Revenue now owns 94,242 shares of the real estate investment trust’s stock worth $1,147,000 after purchasing an additional 840 shares in the last quarter. Advantage Investment Management LLC increased its stake in Retail Properties of America by 34.1% during the 2nd quarter. Advantage Investment Management LLC now owns 4,970 shares of the real estate investment trust’s stock worth $58,000 after purchasing an additional 1,264 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in Retail Properties of America by 5.0% during the 1st quarter. Daiwa Securities Group Inc. now owns 35,400 shares of the real estate investment trust’s stock worth $432,000 after purchasing an additional 1,700 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Retail Properties of America by 3.0% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 60,059 shares of the real estate investment trust’s stock worth $732,000 after purchasing an additional 1,744 shares in the last quarter. Finally, Aperio Group LLC grew its stake in shares of Retail Properties of America by 7.4% during the 2nd quarter. Aperio Group LLC now owns 27,768 shares of the real estate investment trust’s stock worth $327,000 after acquiring an additional 1,924 shares in the last quarter. 80.50% of the stock is owned by institutional investors and hedge funds.

RPAI has been the subject of several research reports. Compass Point initiated coverage on shares of Retail Properties of America in a research note on Thursday. They set a “neutral” rating and a $12.00 price target for the company. ValuEngine cut shares of Retail Properties of America from a “hold” rating to a “sell” rating in a research note on Monday, June 24th. Finally, Zacks Investment Research cut shares of Retail Properties of America from a “buy” rating to a “hold” rating in a research note on Thursday, May 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. Retail Properties of America presently has a consensus rating of “Hold” and a consensus price target of $14.00.

Shares of Retail Properties of America stock opened at $11.39 on Friday. The business has a fifty day simple moving average of $11.77 and a two-hundred day simple moving average of $12.20. Retail Properties of America Inc has a 1 year low of $10.57 and a 1 year high of $13.33. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of 10.76, a P/E/G ratio of 7.76 and a beta of 0.52. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.13 and a quick ratio of 1.13.

Retail Properties of America (NYSE:RPAI) last announced its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.16). Retail Properties of America had a net margin of 14.46% and a return on equity of 3.96%. The business had revenue of $118.45 million for the quarter, compared to analyst estimates of $119.22 million. During the same period in the prior year, the business earned $0.25 EPS. The company’s revenue for the quarter was down .6% compared to the same quarter last year. As a group, equities analysts anticipate that Retail Properties of America Inc will post 1.04 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 10th. Shareholders of record on Thursday, September 26th will be issued a dividend of $0.166 per share. This is an increase from Retail Properties of America’s previous quarterly dividend of $0.17. The ex-dividend date is Wednesday, September 25th. This represents a $0.66 annualized dividend and a yield of 5.83%. Retail Properties of America’s dividend payout ratio (DPR) is currently 64.08%.

Retail Properties of America Profile

Retail Properties of America, Inc is a REIT that owns and operates high quality, strategically located open-air shopping centers, including properties with a mixed-use component. As of December 31, 2018, the Company owned 105 retail operating properties in the United States representing 20.1 million square feet.

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

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