Teachers Advisors LLC Acquires 817,756 Shares of Retail Properties of America, Inc. (NYSE:RPAI)

Teachers Advisors LLC raised its stake in shares of Retail Properties of America, Inc. (NYSE:RPAI) by 253.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,139,845 shares of the real estate investment trust’s stock after buying an additional 817,756 shares during the period. Teachers Advisors LLC owned about 0.48% of Retail Properties of America worth $16,437,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. AEW Capital Management L P raised its stake in shares of Retail Properties of America by 17.1% in the first quarter. AEW Capital Management L P now owns 5,689,800 shares of the real estate investment trust’s stock valued at $82,047,000 after buying an additional 830,500 shares during the last quarter. APG Asset Management US Inc. acquired a new stake in shares of Retail Properties of America during the first quarter valued at about $47,615,000. Norges Bank acquired a new stake in shares of Retail Properties of America during the fourth quarter valued at about $32,068,000. Bank of New York Mellon Corp raised its stake in shares of Retail Properties of America by 26.3% in the first quarter. Bank of New York Mellon Corp now owns 1,498,447 shares of the real estate investment trust’s stock valued at $21,607,000 after buying an additional 311,810 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of Retail Properties of America by 14.5% in the first quarter. Russell Investments Group Ltd. now owns 1,397,066 shares of the real estate investment trust’s stock valued at $20,132,000 after buying an additional 176,567 shares during the last quarter. Hedge funds and other institutional investors own 78.66% of the company’s stock.

Shares of Retail Properties of America, Inc. (NYSE:RPAI) opened at 12.72 on Tuesday. The company has a market cap of $3.01 billion, a P/E ratio of 30.21 and a beta of 0.45. Retail Properties of America, Inc. has a one year low of $11.61 and a one year high of $17.78. The stock’s 50 day moving average is $12.48 and its 200-day moving average is $14.14.

The business also recently announced a quarterly dividend, which was paid on Monday, July 10th. Shareholders of record on Monday, June 26th were given a dividend of $0.1656 per share. The ex-dividend date was Thursday, June 22nd. This represents a $0.66 annualized dividend and a yield of 5.21%. Retail Properties of America’s payout ratio is presently 153.49%.

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RPAI has been the topic of several recent research reports. BidaskClub upgraded shares of Retail Properties of America from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Jefferies Group LLC reiterated a “hold” rating and issued a $13.00 price target on shares of Retail Properties of America in a research note on Tuesday, June 20th. Zacks Investment Research lowered shares of Retail Properties of America from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. Citigroup Inc. reiterated a “buy” rating and issued a $16.00 price target (down from $18.00) on shares of Retail Properties of America in a research note on Tuesday, June 6th. Finally, ValuEngine lowered shares of Retail Properties of America from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. Retail Properties of America presently has an average rating of “Hold” and an average price target of $16.08.

In related news, Director Thomas J. Sargeant bought 3,900 shares of the company’s stock in a transaction on Tuesday, May 9th. The stock was acquired at an average cost of $12.82 per share, for a total transaction of $49,998.00. Following the completion of the transaction, the director now directly owns 39,392 shares in the company, valued at approximately $505,005.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard P. Imperiale bought 4,500 shares of the company’s stock in a transaction on Tuesday, May 16th. The shares were bought at an average price of $12.61 per share, with a total value of $56,745.00. Following the completion of the transaction, the director now owns 37,602 shares of the company’s stock, valued at $474,161.22. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 10,450 shares of company stock valued at $132,717. 0.40% of the stock is currently owned by company insiders.

About Retail Properties of America

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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