Virginia Retirement Systems ET AL increased its holdings in shares of Retail Properties of America, Inc. (NYSE:RPAI) by 10.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 772,430 shares of the real estate investment trust’s stock after acquiring an additional 74,800 shares during the period. Virginia Retirement Systems ET AL owned approximately 0.33% of Retail Properties of America worth $10,142,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Stratos Wealth Partners LTD. acquired a new stake in Retail Properties of America in the 3rd quarter worth about $148,000. Profund Advisors LLC acquired a new stake in Retail Properties of America in the 2nd quarter worth about $143,000. Brookstone Capital Management acquired a new stake in Retail Properties of America in the 2nd quarter worth about $146,000. Laurion Capital Management LP acquired a new stake in Retail Properties of America in the 2nd quarter worth about $153,000. Finally, SG Americas Securities LLC boosted its holdings in Retail Properties of America by 3.5% in the 2nd quarter. SG Americas Securities LLC now owns 13,214 shares of the real estate investment trust’s stock worth $161,000 after buying an additional 444 shares during the last quarter. Hedge funds and other institutional investors own 79.12% of the company’s stock.

Several research firms recently issued reports on RPAI. BidaskClub upgraded Retail Properties of America from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. KeyCorp upgraded Retail Properties of America from a “sector weight” rating to an “overweight” rating and set a $16.00 price objective on the stock in a report on Monday, November 20th. Boenning Scattergood reiterated a “buy” rating and issued a $18.50 price objective on shares of Retail Properties of America in a report on Thursday, November 2nd. Zacks Investment Research lowered shares of Retail Properties of America from a “buy” rating to a “hold” rating in a research note on Saturday, September 2nd. Finally, Robert W. Baird reissued a “buy” rating and issued a $18.00 target price on shares of Retail Properties of America in a research note on Wednesday, November 1st. One analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $16.00.

Retail Properties of America, Inc. (NYSE RPAI) traded down $0.06 on Wednesday, reaching $12.89. 3,660,500 shares of the company’s stock were exchanged, compared to its average volume of 1,765,000. 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, Inc. has a twelve month low of $11.61 and a twelve month high of $15.81. The stock has a market cap of $2,960.00, a price-to-earnings ratio of 12.38 and a beta of 0.48.

Retail Properties of America (NYSE:RPAI) last released its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.25 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.25. Retail Properties of America had a net margin of 28.84% and a return on equity of 7.61%. The business had revenue of $130.52 million for the quarter, compared to analyst estimates of $132.45 million. During the same period last year, the company posted $0.27 EPS. The business’s revenue was down 9.7% on a year-over-year basis. sell-side analysts forecast that Retail Properties of America, Inc. will post 1.04 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Wednesday, December 27th will be paid a $0.1656 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 5.14%. The ex-dividend date of this dividend is Friday, December 22nd. Retail Properties of America’s dividend payout ratio (DPR) is 103.13%.

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

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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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