New Mexico Educational Retirement Board Maintains Stake in Retail Properties of America, Inc. (RPAI)

New Mexico Educational Retirement Board maintained its position in shares of Retail Properties of America, Inc. (NYSE:RPAI) during the second quarter, Holdings Channel reports. The institutional investor owned 33,700 shares of the real estate investment trust’s stock at the end of the second quarter. New Mexico Educational Retirement Board’s holdings in Retail Properties of America were worth $446,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Great West Life Assurance Co. Can raised its position in shares of Retail Properties of America by 494.7% in the first quarter. Great West Life Assurance Co. Can now owns 135,805 shares of the real estate investment trust’s stock worth $1,956,000 after buying an additional 112,969 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Retail Properties of America by 14.9% in the first quarter. Wells Fargo & Company MN now owns 215,133 shares of the real estate investment trust’s stock worth $3,102,000 after buying an additional 27,837 shares during the last quarter. Old Mutual Global Investors UK Ltd. purchased a new position in shares of Retail Properties of America during the first quarter worth approximately $329,000. IFP Advisors Inc raised its position in shares of Retail Properties of America by 6.9% in the first quarter. IFP Advisors Inc now owns 46,274 shares of the real estate investment trust’s stock worth $667,000 after buying an additional 2,975 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position 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 worth $20,132,000 after buying an additional 176,567 shares during the last quarter. 77.78% of the stock is owned by institutional investors.

Retail Properties of America, Inc. (RPAI) opened at 13.11 on Friday. The company’s 50-day moving average price is $12.89 and its 200-day moving average price is $13.60. The company has a market capitalization of $3.02 billion, a price-to-earnings ratio of 16.59 and a beta of 0.47. Retail Properties of America, Inc. has a 52 week low of $11.61 and a 52 week high of $17.57.

Retail Properties of America (NYSE:RPAI) last issued its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.01. The business had revenue of $137.34 million for the quarter, compared to analysts’ expectations of $135.81 million. Retail Properties of America had a return on equity of 9.20% and a net margin of 34.57%. The business’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.31 EPS. Equities analysts forecast that Retail Properties of America, Inc. will post $0.08 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 10th. Stockholders of record on Tuesday, September 26th will be issued a dividend of $0.1656 per share. This represents a $0.66 annualized dividend and a dividend yield of 5.05%. The ex-dividend date of this dividend is Monday, September 25th. Retail Properties of America’s dividend payout ratio is currently 82.50%.

TRADEMARK VIOLATION WARNING: “New Mexico Educational Retirement Board Maintains Stake in Retail Properties of America, Inc. (RPAI)” was originally published by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this article on another domain, it was stolen and republished in violation of US & international copyright law. The correct version of this article can be viewed at https://sportsperspectives.com/2017/08/18/new-mexico-educational-retirement-board-maintains-stake-in-retail-properties-of-america-inc-rpai.html.

A number of equities analysts recently commented on the company. BidaskClub raised Retail Properties of America from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Zacks Investment Research lowered Retail Properties of America from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. ValuEngine lowered Retail Properties of America from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Jefferies Group LLC increased their price target on Retail Properties of America to $16.00 and gave the company a “hold” rating in a research note on Monday, June 5th. Finally, Citigroup Inc. reissued a “buy” rating and set a $16.00 price target (down from $18.00) on shares of Retail Properties of America in a research note on Tuesday, June 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $16.08.

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.

Want to see what other hedge funds are holding RPAI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Retail Properties of America, Inc. (NYSE:RPAI).

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

Receive News & Ratings for Retail Properties of America Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Retail Properties of America Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply