Worth Venture Partners LLC purchased a new position in Retail Properties of America, Inc. (NYSE:RPAI) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,000 shares of the real estate investment trust’s stock, valued at approximately $236,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cubist Systematic Strategies LLC raised its holdings in shares of Retail Properties of America by 180.2% in the second quarter. Cubist Systematic Strategies LLC now owns 26,141 shares of the real estate investment trust’s stock worth $319,000 after buying an additional 16,811 shares during the period. HighTower Advisors LLC raised its holdings in shares of Retail Properties of America by 20.4% in the first quarter. HighTower Advisors LLC now owns 21,931 shares of the real estate investment trust’s stock worth $317,000 after buying an additional 3,720 shares during the period. Prudential Financial Inc. raised its holdings in shares of Retail Properties of America by 9.4% in the second quarter. Prudential Financial Inc. now owns 4,774,697 shares of the real estate investment trust’s stock worth $58,299,000 after buying an additional 411,257 shares during the period. Legal & General Group Plc raised its holdings in shares of Retail Properties of America by 3.7% in the second quarter. Legal & General Group Plc now owns 725,683 shares of the real estate investment trust’s stock worth $8,861,000 after buying an additional 25,758 shares during the period. Finally, RFG Advisory Group LLC purchased a new stake in shares of Retail Properties of America in the second quarter worth approximately $1,539,000. Hedge funds and other institutional investors own 78.80% of the company’s stock.

Several equities research analysts have recently weighed in on RPAI shares. BidaskClub upgraded Retail Properties of America from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 9th. Zacks Investment Research upgraded Retail Properties of America from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Wednesday, October 11th. Jefferies Group LLC reiterated a “hold” rating and issued a $13.00 price target on shares of Retail Properties of America in a report on Tuesday, August 29th. KeyCorp reiterated a “hold” rating on shares of Retail Properties of America in a report on Friday, August 25th. Finally, Boenning Scattergood reiterated 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 equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. Retail Properties of America has an average rating of “Hold” and an average price target of $16.00.

Retail Properties of America, Inc. (RPAI) traded down $0.05 on Tuesday, reaching $12.87. The company’s stock had a trading volume of 2,123,100 shares, compared to its average volume of 1,754,180. The stock has a market cap of $2,934.13, a P/E ratio of 12.19 and a beta of 0.48. Retail Properties of America, Inc. has a one year low of $11.61 and a one year 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 released its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.25 EPS for the quarter, hitting the consensus estimate of $0.25. The company had revenue of $130.52 million for the quarter, compared to the consensus estimate of $132.45 million. Retail Properties of America had a return on equity of 7.61% and a net margin of 28.84%. Retail Properties of America’s quarterly revenue was down 9.7% on a year-over-year basis. During the same period last year, the business posted $0.27 EPS. equities analysts anticipate that Retail Properties of America, Inc. will post 1.04 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Wednesday, December 27th will be issued a dividend of $0.1656 per share. The ex-dividend date is Friday, December 22nd. This represents a $0.66 annualized dividend and a yield of 5.15%. Retail Properties of America’s payout ratio is currently 101.54%.

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In other Retail Properties of America news, Director Gerald M. Gorski sold 4,790 shares of the firm’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $13.59, for a total transaction of $65,096.10. Following the transaction, the director now directly owns 46,907 shares in the company, valued at approximately $637,466.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.40% of the company’s stock.

Retail Properties of America Company 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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