Fox Run Management L.L.C. Acquires Shares of 30,800 Retail Properties of America, Inc. (RPAI)

Fox Run Management L.L.C. acquired a new stake in Retail Properties of America, Inc. (NYSE:RPAI) during the third quarter, according to its most recent filing with the SEC. The firm acquired 30,800 shares of the real estate investment trust’s stock, valued at approximately $404,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in RPAI. Nationwide Fund Advisors bought a new position in Retail Properties of America in the 1st quarter valued at $162,000. Comerica Bank bought a new position in Retail Properties of America in the 1st quarter valued at $156,000. Principal Financial Group Inc. boosted its position in Retail Properties of America by 1.4% in the 1st quarter. Principal Financial Group Inc. now owns 40,759 shares of the real estate investment trust’s stock valued at $588,000 after buying an additional 553 shares during the last quarter. Teachers Advisors LLC boosted its position in Retail Properties of America by 253.9% in the 1st quarter. Teachers Advisors LLC now owns 1,139,845 shares of the real estate investment trust’s stock valued at $16,437,000 after buying an additional 817,756 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Retail Properties of America by 1.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,221,570 shares of the real estate investment trust’s stock valued at $46,454,000 after buying an additional 37,016 shares during the last quarter. Hedge funds and other institutional investors own 78.98% of the company’s stock.

In related news, Director Gerald M. Gorski sold 4,790 shares of the business’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $13.59, for a total value of $65,096.10. Following the sale, the director now 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 is accessible through the SEC website. Insiders own 0.41% of the company’s stock.

A number of research analysts have commented on the company. Boenning Scattergood reiterated a “buy” rating on shares of Retail Properties of America in a research report on Thursday. Robert W. Baird reiterated a “buy” rating and issued a $18.00 price objective on shares of Retail Properties of America in a research report on Wednesday. Zacks Investment Research lowered Retail Properties of America from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Citigroup Inc. reiterated a “buy” rating and issued a $15.00 price objective (down from $16.00) on shares of Retail Properties of America in a research report on Monday, July 10th. Finally, BidaskClub lowered Retail Properties of America from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $15.58.

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Retail Properties of America (NYSE:RPAI) last announced its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.25. The company had revenue of $130.52 million during the quarter, compared to the consensus estimate of $132.45 million. Retail Properties of America had a net margin of 28.84% and a return on equity of 7.54%. The company’s revenue for the quarter was down 9.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.27 earnings per share.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Wednesday, December 27th will be paid a $0.1656 dividend. The ex-dividend date is Friday, December 22nd. This represents a $0.66 annualized dividend and a dividend yield of 5.42%. Retail Properties of America’s dividend payout ratio is 101.54%.

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.

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

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