Shelton Capital Management held its position in shares of Retail Properties of America, Inc. (NYSE:RPAI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,000 shares of the real estate investment trust’s stock at the close of the second quarter. Shelton Capital Management’s holdings in Retail Properties of America were worth $354,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in the company. Nationwide Fund Advisors acquired a new stake in shares of Retail Properties of America in the first quarter valued at $162,000. Comerica Bank acquired a new stake in shares of Retail Properties of America in the first quarter valued at $156,000. Profund Advisors LLC acquired a new stake in shares of Retail Properties of America in the second quarter valued at $143,000. Brookstone Capital Management acquired a new stake in shares of Retail Properties of America in the second quarter valued at $146,000. Finally, Laurion Capital Management LP acquired a new stake in shares of Retail Properties of America in the second quarter valued at $153,000. 78.91% of the stock is owned by institutional investors.
Retail Properties of America (NYSE:RPAI) last announced its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.27 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $135.81 million. During the same period in the previous year, the firm earned $0.31 earnings per share. The firm’s quarterly revenue was down 6.7% compared to the same quarter last year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 10th. Investors of record on Tuesday, September 26th were paid a dividend of $0.1656 per share. The ex-dividend date of this dividend was Monday, September 25th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 4.97%. Retail Properties of America’s dividend payout ratio (DPR) is presently 82.50%.
In related news, Director Gerald M. Gorski sold 4,790 shares of Retail Properties of America 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 sale, the director now directly owns 46,907 shares of the company’s stock, valued at $637,466.13. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.41% of the stock is owned by insiders.
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RPAI has been the subject of several research analyst reports. Zacks Investment Research lowered Retail Properties of America from a “buy” rating to a “hold” rating in a report on Saturday, September 2nd. BidaskClub upgraded Retail Properties of America from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. KeyCorp restated a “hold” rating on shares of Retail Properties of America in a report on Friday, August 25th. Jefferies Group LLC restated a “hold” rating and issued a $13.00 price objective on shares of Retail Properties of America in a report on Tuesday, August 29th. Finally, Citigroup Inc. restated a “buy” rating and issued a $15.00 price objective (down previously from $16.00) on shares of Retail Properties of America in a report on Monday, July 10th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $15.10.
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.
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