Retail Properties of America, Inc. (RPAI) Holdings Trimmed by First Quadrant L P CA

First Quadrant L P CA cut its stake in shares of Retail Properties of America, Inc. (NYSE:RPAI) by 3.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 488,693 shares of the real estate investment trust’s stock after selling 18,693 shares during the period. First Quadrant L P CA owned about 0.21% of Retail Properties of America worth $6,417,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Cubist Systematic Strategies LLC lifted its stake in Retail Properties of America by 180.2% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 26,141 shares of the real estate investment trust’s stock valued at $319,000 after acquiring an additional 16,811 shares in the last quarter. BlackRock Inc. raised its stake in shares of Retail Properties of America by 2,354.6% during the 1st quarter. BlackRock Inc. now owns 18,340,329 shares of the real estate investment trust’s stock worth $264,469,000 after purchasing an additional 17,593,152 shares during the period. KCG Holdings Inc. raised its stake in shares of Retail Properties of America by 57.4% during the 1st quarter. KCG Holdings Inc. now owns 43,693 shares of the real estate investment trust’s stock worth $630,000 after purchasing an additional 15,939 shares during the period. HighTower Advisors LLC raised its stake in shares of Retail Properties of America by 20.4% during the 1st quarter. HighTower Advisors LLC now owns 21,931 shares of the real estate investment trust’s stock worth $317,000 after purchasing an additional 3,720 shares during the period. Finally, Prudential Financial Inc. raised its stake in shares of Retail Properties of America by 9.4% during the 2nd quarter. Prudential Financial Inc. now owns 4,774,697 shares of the real estate investment trust’s stock worth $58,299,000 after purchasing an additional 411,257 shares during the period. Institutional investors and hedge funds own 78.98% of the company’s stock.

Shares of Retail Properties of America, Inc. (NYSE RPAI) opened at 12.22 on Wednesday. The stock has a market cap of $2.82 billion, a price-to-earnings ratio of 15.47 and a beta of 0.44. Retail Properties of America, Inc. has a one year low of $11.61 and a one year high of $15.81. The company has a 50-day moving average price of $13.09 and a 200 day moving average price of $13.00.

Retail Properties of America (NYSE:RPAI) last posted its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.25 EPS for the quarter, topping the consensus estimate of $0.03 by $0.22. Retail Properties of America had a return on equity of 9.20% and a net margin of 34.57%. The firm had revenue of $130.52 million for the quarter, compared to the consensus estimate of $132.45 million. During the same quarter last year, the company earned $0.27 earnings per share. The business’s revenue for the quarter was down 9.7% compared to the same quarter last year. Equities research analysts expect that Retail Properties of America, Inc. will post $0.51 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Wednesday, December 27th will be paid a $0.1656 dividend. This represents a $0.66 annualized dividend and a dividend yield of 5.42%. The ex-dividend date is Friday, December 22nd. Retail Properties of America’s dividend payout ratio (DPR) is currently 82.50%.

In other news, Director Gerald M. Gorski sold 4,790 shares of the firm’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $13.59, for a total value of $65,096.10. Following the transaction, the director now owns 46,907 shares of the company’s stock, valued at $637,466.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.40% of the stock is owned by company insiders.

A number of equities research analysts have recently commented on the company. Citigroup Inc. reiterated a “buy” rating and set a $15.00 target price (down from $16.00) on shares of Retail Properties of America in a research note on Monday, July 10th. BidaskClub upgraded Retail Properties of America from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 9th. Zacks Investment Research cut Retail Properties of America from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Robert W. Baird reiterated a “buy” rating and set a $18.00 target price on shares of Retail Properties of America in a research note on Wednesday. Finally, KeyCorp reiterated a “hold” rating on shares of Retail Properties of America in a research note on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $15.58.

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Retail Properties of America Company Profile

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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