Retail Properties of America Inc (NYSE:RPAI) Stake Reduced by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC reduced its stake in shares of Retail Properties of America Inc (NYSE:RPAI) by 45.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,474 shares of the real estate investment trust’s stock after selling 10,540 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Retail Properties of America were worth $154,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Fox Run Management L.L.C. increased its position in Retail Properties of America by 23.6% in the 3rd quarter. Fox Run Management L.L.C. now owns 14,705 shares of the real estate investment trust’s stock worth $181,000 after purchasing an additional 2,811 shares during the last quarter. First Hawaiian Bank increased its position in Retail Properties of America by 57.7% in the 3rd quarter. First Hawaiian Bank now owns 21,090 shares of the real estate investment trust’s stock worth $260,000 after purchasing an additional 7,720 shares during the last quarter. Boston Partners increased its position in Retail Properties of America by 10.9% in the 2nd quarter. Boston Partners now owns 8,619,626 shares of the real estate investment trust’s stock worth $101,379,000 after purchasing an additional 844,161 shares during the last quarter. Atria Investments LLC acquired a new position in Retail Properties of America in the 2nd quarter worth about $121,000. Finally, RFG Advisory LLC acquired a new position in Retail Properties of America in the 2nd quarter worth about $203,000. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Shares of RPAI stock opened at $13.41 on Wednesday. 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 Inc has a fifty-two week low of $10.57 and a fifty-two week high of $13.42. The stock’s 50-day moving average is $12.29 and its two-hundred day moving average is $12.08. The firm has a market cap of $2.80 billion, a P/E ratio of 13.02, a PEG ratio of 8.93 and a beta of 0.52.

Retail Properties of America (NYSE:RPAI) last issued its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.16). The firm had revenue of $118.45 million during the quarter, compared to analyst estimates of $119.22 million. Retail Properties of America had a return on equity of 3.96% and a net margin of 14.46%. The business’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the company earned $0.25 earnings per share. As a group, research analysts expect that Retail Properties of America Inc will post 1.05 EPS for the current year.

Several research analysts have weighed in on the company. Compass Point assumed coverage on Retail Properties of America in a research report on Thursday, August 15th. They issued a “neutral” rating and a $12.00 target price on the stock. ValuEngine lowered Retail Properties of America from a “sell” rating to a “strong sell” rating in a research report on Friday, October 4th. Finally, Zacks Investment Research raised Retail Properties of America from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $14.00.

In other news, Director Gerald M. Gorski sold 8,073 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $11.15, for a total transaction of $90,013.95. Following the transaction, the director now owns 61,775 shares of the company’s stock, valued at approximately $688,791.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.62% of the company’s stock.

Retail Properties of America Company 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.

Featured Article: Basic Economics creates winners and losers

Want to see what other hedge funds are holding RPAI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Retail Properties of America Inc (NYSE:RPAI).

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

Receive News & Ratings for Retail Properties of America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Retail Properties of America and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit