Ameriprise Financial Inc. increased its position in shares of Retail Properties of America, Inc. (NYSE:RPAI) by 112.7% during the third quarter, Holdings Channel reports. The fund owned 990,268 shares of the company’s stock after buying an additional 524,751 shares during the period. Ameriprise Financial Inc.’s holdings in Retail Properties of America were worth $16,636,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in RPAI. American Century Companies Inc. acquired a new position in Retail Properties of America during the second quarter worth approximately $35,738,000. Waterfront Capital Partners LLC acquired a new position in Retail Properties of America during the second quarter worth approximately $27,839,000. Shinko Asset Management Co. Ltd. boosted its position in Retail Properties of America by 32.9% in the third quarter. Shinko Asset Management Co. Ltd. now owns 6,283,582 shares of the company’s stock worth $105,564,000 after buying an additional 1,557,245 shares during the period. Prudential Financial Inc. boosted its position in Retail Properties of America by 59.3% in the third quarter. Prudential Financial Inc. now owns 3,786,152 shares of the company’s stock worth $63,608,000 after buying an additional 1,410,119 shares during the period. Finally, Vanguard Group Inc. boosted its position in Retail Properties of America by 3.2% in the second quarter. Vanguard Group Inc. now owns 35,715,557 shares of the company’s stock worth $603,593,000 after buying an additional 1,104,442 shares during the period. Hedge funds and other institutional investors own 79.68% of the company’s stock.

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

Retail Properties of America, Inc. (NYSE:RPAI) opened at 15.06 on Friday. The firm has a 50-day moving average price of $15.26 and a 200-day moving average price of $16.18. Retail Properties of America, Inc. has a one year low of $14.02 and a one year high of $17.78. The firm has a market cap of $3.57 billion, a PE ratio of 25.18 and a beta of 0.42.

Retail Properties of America (NYSE:RPAI) last posted its quarterly earnings results on Tuesday, November 1st. The company reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.01. Retail Properties of America had a return on equity of 7.01% and a net margin of 25.71%. The firm earned $144.53 million during the quarter, compared to analyst estimates of $144.90 million. During the same period last year, the company earned $0.27 earnings per share. The business’s revenue for the quarter was down 4.3% on a year-over-year basis. On average, equities analysts expect that Retail Properties of America, Inc. will post $0.16 EPS for the current fiscal year.

The business also recently declared a dividend, which was paid on Tuesday, January 10th. Stockholders of record on Thursday, December 22nd were issued a $0.166 dividend. The ex-dividend date of this dividend was Tuesday, December 20th. Retail Properties of America’s payout ratio is currently 110.00%.

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A number of equities analysts have recently commented on the company. Zacks Investment Research raised Retail Properties of America from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a report on Friday, November 18th. Deutsche Bank AG reissued a “buy” rating on shares of Retail Properties of America in a report on Friday, September 23rd. Boenning Scattergood raised Retail Properties of America from a “neutral” rating to an “outperform” rating and set a $19.00 price target for the company in a report on Monday, October 3rd. J P Morgan Chase & Co raised Retail Properties of America from an “underweight” rating to a “neutral” rating and set a $16.50 price target for the company in a report on Friday, December 16th. Finally, Jefferies Group reissued a “hold” rating on shares of Retail Properties of America in a report on Wednesday, November 9th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $17.69.

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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