Cbre Clarion Securities LLC Cuts Stock Holdings in Retail Properties of America, Inc. (NYSE:RPAI)

Cbre Clarion Securities LLC decreased its position in shares of Retail Properties of America, Inc. (NYSE:RPAI) by 16.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,380,402 shares of the real estate investment trust’s stock after selling 649,823 shares during the quarter. Cbre Clarion Securities LLC’s holdings in Retail Properties of America were worth $35,427,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of RPAI. BlackRock Inc. grew its holdings in shares of Retail Properties of America by 9.3% during the fourth quarter. BlackRock Inc. now owns 40,606,751 shares of the real estate investment trust’s stock valued at $347,593,000 after buying an additional 3,462,832 shares during the last quarter. Norges Bank purchased a new stake in Retail Properties of America in the fourth quarter worth approximately $25,428,000. Russell Investments Group Ltd. boosted its holdings in Retail Properties of America by 209.7% in the first quarter. Russell Investments Group Ltd. now owns 3,286,782 shares of the real estate investment trust’s stock worth $34,443,000 after purchasing an additional 2,225,611 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Retail Properties of America by 37.5% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 6,743,087 shares of the real estate investment trust’s stock worth $57,721,000 after purchasing an additional 1,839,236 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Retail Properties of America by 20.7% in the fourth quarter. JPMorgan Chase & Co. now owns 3,300,631 shares of the real estate investment trust’s stock worth $28,254,000 after purchasing an additional 565,203 shares during the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Several brokerages recently issued reports on RPAI. Deutsche Bank Aktiengesellschaft raised their target price on shares of Retail Properties of America from $12.00 to $14.00 and gave the stock a “hold” rating in a report on Tuesday. KeyCorp restated a “sector weight” rating on shares of Retail Properties of America in a report on Wednesday, March 10th. Zacks Investment Research upgraded shares of Retail Properties of America from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Friday, June 4th. Finally, Robert W. Baird restated a “neutral” rating on shares of Retail Properties of America in a report on Monday, April 19th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $10.00.

RPAI traded down $0.06 during trading on Friday, hitting $12.48. The company’s stock had a trading volume of 10,491 shares, compared to its average volume of 1,331,820. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.64 and a current ratio of 1.64. Retail Properties of America, Inc. has a one year low of $5.14 and a one year high of $12.79. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of -627.00 and a beta of 1.76. The stock has a 50 day moving average price of $11.67.

Retail Properties of America (NYSE:RPAI) last announced its quarterly earnings data on Tuesday, May 4th. The real estate investment trust reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.18). Retail Properties of America had a negative net margin of 0.71% and a negative return on equity of 0.19%. Analysts expect that Retail Properties of America, Inc. will post 0.87 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 9th. Stockholders of record on Friday, June 25th will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 2.40%. This is an increase from Retail Properties of America’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Thursday, June 24th. Retail Properties of America’s dividend payout ratio (DPR) is presently 33.33%.

Retail Properties of America Company Profile

Retail Properties of America, Inc is a REIT that owns and operates high quality, strategically located open-air shopping centers, including properties with a mixed-use component. As of September 30, 2020, the Company owned 102 retail operating properties in the United States representing 20.0 million square feet.

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

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