OxFORD Asset Management LLP Has $836,000 Stake in Retail Properties of America Inc (RPAI)

OxFORD Asset Management LLP cut its holdings in shares of Retail Properties of America Inc (NYSE:RPAI) by 20.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,915 shares of the real estate investment trust’s stock after selling 16,525 shares during the period. OxFORD Asset Management LLP’s holdings in Retail Properties of America were worth $836,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Schwab Charles Investment Management Inc. lifted its position in Retail Properties of America by 2.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 4,738,162 shares of the real estate investment trust’s stock worth $57,853,000 after purchasing an additional 122,879 shares during the period. First Trust Advisors LP lifted its position in Retail Properties of America by 90.7% in the second quarter. First Trust Advisors LP now owns 408,463 shares of the real estate investment trust’s stock worth $4,987,000 after purchasing an additional 194,232 shares during the period. Dupont Capital Management Corp lifted its position in Retail Properties of America by 18.8% in the second quarter. Dupont Capital Management Corp now owns 45,234 shares of the real estate investment trust’s stock worth $552,000 after purchasing an additional 7,159 shares during the period. SG Americas Securities LLC lifted its position in Retail Properties of America by 3.5% in the second quarter. SG Americas Securities LLC now owns 13,214 shares of the real estate investment trust’s stock worth $161,000 after purchasing an additional 444 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Retail Properties of America by 3.8% in the second quarter. Bank of New York Mellon Corp now owns 1,555,058 shares of the real estate investment trust’s stock worth $18,989,000 after purchasing an additional 56,611 shares during the period. Institutional investors and hedge funds own 79.13% of the company’s stock.

Retail Properties of America Inc (NYSE:RPAI) opened at $13.08 on Friday. The stock has a market capitalization of $2,956.84, a price-to-earnings ratio of 20.12 and a beta of 0.50. Retail Properties of America Inc has a twelve month low of $11.61 and a twelve month 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.

Retail Properties of America (NYSE:RPAI) last posted its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.25. The company had revenue of $130.52 million for the quarter, compared to analysts’ expectations 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 was down 9.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.27 earnings per share. equities research analysts forecast that Retail Properties of America Inc will post 1.05 EPS for the current fiscal year.

Retail Properties of America announced that its Board of Directors has initiated a stock repurchase 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 repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Wednesday, December 27th will be paid a dividend of $0.1656 per share. This represents a $0.66 annualized dividend and a yield of 5.07%. The ex-dividend date of this dividend is Friday, December 22nd. Retail Properties of America’s dividend payout ratio (DPR) is currently 101.54%.

A number of research firms have weighed in on RPAI. Jefferies Group set a $14.00 target price on Retail Properties of America and gave the stock a “hold” rating in a research report on Friday, December 15th. J P Morgan Chase & Co upgraded Retail Properties of America from a “neutral” rating to an “overweight” rating and set a $15.00 target price for the company in a research report on Friday, December 15th. BidaskClub downgraded Retail Properties of America from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. Zacks Investment Research cut Retail Properties of America from a “buy” rating to a “hold” rating in a report on Saturday, September 2nd. Finally, Boenning Scattergood reaffirmed a “buy” rating and issued a $18.50 price target on shares of Retail Properties of America in a report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $15.94.

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Retail Properties of America 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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