BlackRock Advisors LLC raised its position in shares of Retail Properties of America Inc. (NYSE:RPAI) by 1.2% during the second quarter, according to its most recent filing with the SEC. The fund owned 1,869,126 shares of the company’s stock after buying an additional 22,151 shares during the period. BlackRock Advisors LLC owned about 0.79% of Retail Properties of America worth $31,588,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new stake in shares of Retail Properties of America during the second quarter valued at approximately $112,000. Invictus RG purchased a new stake in shares of Retail Properties of America during the first quarter valued at approximately $124,000. Creative Planning boosted its stake in shares of Retail Properties of America by 17.3% in the second quarter. Creative Planning now owns 7,420 shares of the company’s stock valued at $125,000 after buying an additional 1,096 shares during the last quarter. First Quadrant L P CA purchased a new stake in shares of Retail Properties of America during the second quarter valued at approximately $149,000. Finally, Timber Hill LLC purchased a new stake in shares of Retail Properties of America during the second quarter valued at approximately $174,000. 79.83% of the stock is currently owned by institutional investors.

Retail Properties of America Inc. (NYSE:RPAI) opened at 16.58 on Wednesday. The firm’s 50-day moving average is $16.90 and its 200 day moving average is $16.44. The stock has a market capitalization of $3.93 billion, a PE ratio of 26.61 and a beta of 0.40. Retail Properties of America Inc. has a 52-week low of $13.68 and a 52-week high of $17.78.

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

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

RPAI has been the topic of several recent analyst reports. Citigroup Inc. boosted their target price on Retail Properties of America from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, August 11th. TheStreet upgraded shares of Retail Properties of America from a “hold” rating to a “buy” rating in a research report on Tuesday, August 2nd. Zacks Investment Research upgraded shares of Retail Properties of America from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Tuesday, August 2nd. Deutsche Bank AG restated a “buy” rating on shares of Retail Properties of America in a research report on Saturday, June 4th. Finally, Jefferies Group restated a “hold” rating on shares of Retail Properties of America in a research report on Tuesday, August 23rd. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price 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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