Blair William & Co. IL bought a new stake in Retail Properties of America Inc. (NYSE:RPAI) during the second quarter, Holdings Channel reports. The firm bought 10,742 shares of the company’s stock, valued at approximately $182,000.

Other large investors also recently modified their holdings of the company. Lasalle Investment Management Securities LLC raised its stake in shares of Retail Properties of America by 38.9% in the second quarter. Lasalle Investment Management Securities LLC now owns 8,302,302 shares of the company’s stock valued at $140,309,000 after buying an additional 2,326,924 shares during the last quarter. American Century Companies Inc. bought a new stake in shares of Retail Properties of America during the second quarter valued at approximately $35,738,000. V3 Capital Management L.P. raised its stake in shares of Retail Properties of America by 44.6% in the first quarter. V3 Capital Management L.P. now owns 3,060,047 shares of the company’s stock valued at $48,502,000 after buying an additional 944,150 shares during the last quarter. Shinko Asset Management Co. Ltd. raised its stake in shares of Retail Properties of America by 17.6% in the second quarter. Shinko Asset Management Co. Ltd. now owns 4,726,337 shares of the company’s stock valued at $79,875,000 after buying an additional 706,216 shares during the last quarter. Finally, Emerald Acquisition Ltd. bought a new stake in shares of Retail Properties of America during the second quarter valued at approximately $10,979,000. Institutional investors own 79.83% of the company’s stock.

Shares of Retail Properties of America Inc. (NYSE:RPAI) traded up 1.15% on Wednesday, reaching $16.77. 1,221,026 shares of the company traded hands. Retail Properties of America Inc. has a 52-week low of $13.68 and a 52-week high of $17.78. The firm has a 50-day moving average of $16.90 and a 200-day moving average of $16.44. The company has a market capitalization of $3.97 billion, a PE ratio of 26.92 and a beta of 0.40.

Retail Properties of America (NYSE:RPAI) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.05. Retail Properties of America had a return on equity of 7.27% and a net margin of 26.42%. During the same period in the previous year, the business earned $0.26 earnings per share. On average, equities research analysts forecast that Retail Properties of America Inc. will post $1.07 earnings per share for the current fiscal year.

The firm also recently declared a dividend, which will be paid on Friday, October 7th. Stockholders of record on Monday, September 26th will be paid a $0.166 dividend. The ex-dividend date of this dividend is Thursday, September 22nd. Retail Properties of America’s payout ratio is 106.45%.

Several research analysts have recently issued reports on the company. Zacks Investment Research downgraded Retail Properties of America from a “buy” rating to a “hold” rating in a research note on Tuesday, May 24th. Jefferies Group reaffirmed a “hold” rating on shares of Retail Properties of America in a research note on Tuesday, August 23rd. Citigroup Inc. lifted their price target on Retail Properties of America from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, August 11th. TheStreet raised Retail Properties of America from a “hold” rating to a “buy” rating in a research note on Tuesday, August 2nd. Finally, Deutsche Bank AG reaffirmed a “buy” rating on shares of Retail Properties of America in a research note on Saturday, June 4th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $17.14.

Retail Properties of America Company Profile

Retail Properties of America, Inc, formerly Inland Western Retail Real Estate Trust, Inc, is a real estate investment trust (REIT). The Company owns and operates shopping centers in the United States. The Company’s retail operating portfolio includes power centers, neighborhood and community centers, and lifestyle centers and predominantly multi-tenant retail mixed-use properties, as well as single-user retail properties.

5 Day Chart for NYSE:RPAI

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