Retail Properties of America, Inc. (RPAI) Shares Bought by Aperio Group LLC

Aperio Group LLC grew its stake in shares of Retail Properties of America, Inc. (NYSE:RPAI) by 56.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 82,552 shares of the real estate investment trust’s stock after acquiring an additional 29,820 shares during the period. Aperio Group LLC’s holdings in Retail Properties of America were worth $1,084,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of RPAI. Numeric Investors LLC raised its stake in Retail Properties of America by 10,872.3% in the second quarter. Numeric Investors LLC now owns 1,108,199 shares of the real estate investment trust’s stock worth $13,531,000 after buying an additional 1,098,099 shares in the last quarter. Balyasny Asset Management LLC raised its stake in Retail Properties of America by 135.1% in the second quarter. Balyasny Asset Management LLC now owns 1,493,991 shares of the real estate investment trust’s stock worth $18,242,000 after buying an additional 858,409 shares in the last quarter. LSV Asset Management raised its stake in Retail Properties of America by 81.8% in the second quarter. LSV Asset Management now owns 1,599,700 shares of the real estate investment trust’s stock worth $19,532,000 after buying an additional 719,900 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Retail Properties of America by 48.1% in the second quarter. Russell Investments Group Ltd. now owns 2,069,557 shares of the real estate investment trust’s stock worth $25,306,000 after buying an additional 672,491 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. raised its stake in Retail Properties of America by 1,668.7% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 651,843 shares of the real estate investment trust’s stock worth $7,959,000 after buying an additional 614,988 shares in the last quarter. 78.80% of the stock is owned by hedge funds and other institutional investors.

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In other Retail Properties of America news, Director Gerald M. Gorski sold 4,790 shares of Retail Properties of America 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 transaction, the director now directly owns 46,907 shares of the company’s stock, valued at $637,466.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.41% of the stock is currently owned by insiders.

A number of brokerages recently commented on RPAI. BidaskClub raised shares of Retail Properties of America from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 9th. Zacks Investment Research downgraded shares of Retail Properties of America from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Boenning Scattergood reissued a “buy” rating and issued a $18.50 price objective on shares of Retail Properties of America in a research note on Thursday, November 2nd. Robert W. Baird reissued a “buy” rating and issued a $18.00 price objective on shares of Retail Properties of America in a research note on Wednesday, November 1st. Finally, KeyCorp reissued a “hold” rating on shares of Retail Properties of America in a research note on Friday, August 25th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $16.00.

Retail Properties of America, Inc. (RPAI) opened at $13.07 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.84. Retail Properties of America, Inc. has a 1-year low of $11.61 and a 1-year high of $15.81. The stock has a market cap of $2,968.20, a price-to-earnings ratio of 12.33 and a beta of 0.48.

Retail Properties of America (NYSE:RPAI) last released 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 Thomson Reuters’ consensus estimate of $0.25. Retail Properties of America had a net margin of 28.84% and a return on equity of 7.61%. The business had revenue of $130.52 million for the quarter, compared to analyst estimates of $132.45 million. During the same period in the previous year, the company earned $0.27 earnings per share. The business’s revenue for the quarter was down 9.7% on a year-over-year basis. sell-side analysts anticipate that Retail Properties of America, Inc. will post 1.04 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Wednesday, December 27th will be issued a $0.1656 dividend. This represents a $0.66 annualized dividend and a yield of 5.07%. The ex-dividend date is Friday, December 22nd. Retail Properties of America’s dividend payout ratio is currently 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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