Retail Properties of America, Inc. (RPAI) Shares Bought by Utah Retirement Systems

Utah Retirement Systems increased its holdings in shares of Retail Properties of America, Inc. (NYSE:RPAI) by 1.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 62,292 shares of the real estate investment trust’s stock after acquiring an additional 709 shares during the period. Utah Retirement Systems’ holdings in Retail Properties of America were worth $761,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of RPAI. Comerica Bank bought a new stake in shares of Retail Properties of America during the 1st quarter worth approximately $156,000. SG Americas Securities LLC lifted its stake in shares of Retail Properties of America by 3.5% during the 2nd quarter. SG Americas Securities LLC now owns 13,214 shares of the real estate investment trust’s stock worth $161,000 after acquiring an additional 444 shares during the last quarter. Nationwide Fund Advisors bought a new stake in shares of Retail Properties of America during the 1st quarter worth approximately $162,000. Sigma Planning Corp lifted its stake in shares of Retail Properties of America by 8.1% during the 2nd quarter. Sigma Planning Corp now owns 15,366 shares of the real estate investment trust’s stock worth $188,000 after acquiring an additional 1,151 shares during the last quarter. Finally, First Financial Equity Corporation bought a new stake in shares of Retail Properties of America during the 1st quarter worth approximately $199,000. 78.99% of the stock is owned by hedge funds and other institutional investors.

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In other news, Director Gerald M. Gorski sold 4,790 shares of the firm’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $13.59, for a total transaction of $65,096.10. Following the completion of the transaction, the director now directly owns 46,907 shares in the company, valued at $637,466.13. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.40% of the company’s stock.

RPAI has been the subject of a number of research analyst reports. BidaskClub raised Retail Properties of America from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Jefferies Group LLC lifted their target price on Retail Properties of America to $16.00 and gave the company a “hold” rating in a research report on Monday, June 5th. ValuEngine lowered Retail Properties of America from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Citigroup Inc. reaffirmed a “buy” rating and set a $15.00 target price (down from $16.00) on shares of Retail Properties of America in a research report on Monday, July 10th. Finally, Zacks Investment Research raised Retail Properties of America from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Thursday, August 31st. Six equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $15.75.

Shares of Retail Properties of America, Inc. (RPAI) opened at 13.61 on Tuesday. The company has a market capitalization of $3.14 billion, a price-to-earnings ratio of 17.23 and a beta of 0.44. Retail Properties of America, Inc. has a 12 month low of $11.61 and a 12 month high of $17.35. The firm’s 50-day moving average price is $13.29 and its 200-day moving average price is $13.37.

Retail Properties of America (NYSE:RPAI) last released its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.27 EPS for the quarter, topping the consensus estimate of $0.26 by $0.01. Retail Properties of America had a return on equity of 9.20% and a net margin of 34.57%. The business had revenue of $137.34 million during the quarter, compared to analyst estimates of $135.81 million. During the same period last year, the business posted $0.31 earnings per share. The company’s quarterly revenue was down 6.7% on a year-over-year basis. Equities research analysts expect that Retail Properties of America, Inc. will post $0.53 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 10th. Stockholders of record on Tuesday, September 26th will be given a dividend of $0.1656 per share. The ex-dividend date is Monday, September 25th. This represents a $0.66 annualized dividend and a dividend yield of 4.87%. Retail Properties of America’s dividend payout ratio is currently 82.50%.

Retail Properties of America 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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