Dupont Capital Management Corp lowered its stake in shares of Retail Properties of America Inc (NYSE:RPAI) by 60.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,745 shares of the real estate investment trust’s stock after selling 38,400 shares during the period. Dupont Capital Management Corp’s holdings in Retail Properties of America were worth $333,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. First Allied Advisory Services Inc. boosted its stake in Retail Properties of America by 1.6% during the second quarter. First Allied Advisory Services Inc. now owns 14,290 shares of the real estate investment trust’s stock worth $174,000 after buying an additional 222 shares during the last quarter. HighTower Advisors LLC boosted its stake in Retail Properties of America by 1.1% during the second quarter. HighTower Advisors LLC now owns 22,179 shares of the real estate investment trust’s stock worth $273,000 after buying an additional 248 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Retail Properties of America by 7.1% during the second quarter. The Manufacturers Life Insurance Company now owns 16,224 shares of the real estate investment trust’s stock worth $198,000 after buying an additional 1,079 shares during the last quarter. Colony Group LLC boosted its stake in Retail Properties of America by 2.3% during the second quarter. Colony Group LLC now owns 133,796 shares of the real estate investment trust’s stock worth $1,634,000 after buying an additional 2,992 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its stake in Retail Properties of America by 0.8% during the second quarter. New York State Common Retirement Fund now owns 507,200 shares of the real estate investment trust’s stock worth $6,193,000 after buying an additional 3,999 shares during the last quarter. 78.94% of the stock is currently owned by institutional investors.

Shares of Retail Properties of America Inc (NYSE RPAI) opened at $11.34 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $2,545.79, a price-to-earnings ratio of 17.45 and a beta of 0.32. Retail Properties of America Inc has a 1-year low of $10.93 and a 1-year high of $15.81.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 10th. Investors of record on Tuesday, March 27th will be issued a $0.1656 dividend. The ex-dividend date of this dividend is Monday, March 26th. This represents a $0.66 annualized dividend and a dividend yield of 5.84%. Retail Properties of America’s dividend payout ratio is presently 101.54%.

Retail Properties of America announced that its board has initiated a stock buyback plan on Thursday, December 14th that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

RPAI has been the topic of several recent analyst reports. Boenning Scattergood reaffirmed a “buy” rating and issued a $18.50 price target on shares of Retail Properties of America in a research note on Thursday, November 2nd. Robert W. Baird reaffirmed a “buy” rating and issued a $18.00 price target on shares of Retail Properties of America in a research note on Wednesday, November 1st. Zacks Investment Research lowered Retail Properties of America from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. ValuEngine lowered Retail Properties of America from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Jefferies Group set a $14.00 price target on Retail Properties of America and gave the company a “hold” rating in a research note on Friday, December 15th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $15.93.

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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.

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

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