Stratos Wealth Partners LTD. Takes Position in Retail Properties of America, Inc. (RPAI)

Stratos Wealth Partners LTD. acquired a new stake in Retail Properties of America, Inc. (NYSE:RPAI) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,291 shares of the real estate investment trust’s stock, valued at approximately $148,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Worth Venture Partners LLC bought a new stake in Retail Properties of America in the third quarter valued at about $236,000. HighPoint Advisor Group LLC lifted its position in Retail Properties of America by 107.8% in the third quarter. HighPoint Advisor Group LLC now owns 80,512 shares of the real estate investment trust’s stock worth $1,029,000 after purchasing an additional 41,766 shares during the period. Bank of New York Mellon Corp lifted its position in Retail Properties of America by 2.5% in the third quarter. Bank of New York Mellon Corp now owns 1,594,525 shares of the real estate investment trust’s stock worth $20,936,000 after purchasing an additional 39,467 shares during the period. Sigma Planning Corp lifted its position in Retail Properties of America by 99.8% in the third quarter. Sigma Planning Corp now owns 30,695 shares of the real estate investment trust’s stock worth $403,000 after purchasing an additional 15,329 shares during the period. Finally, Advisor Group Inc. lifted its position in Retail Properties of America by 26.8% in the third quarter. Advisor Group Inc. now owns 85,413 shares of the real estate investment trust’s stock worth $1,121,000 after purchasing an additional 18,027 shares during the period. 80.19% of the stock is owned by hedge funds and other institutional investors.

Retail Properties of America, Inc. (NYSE:RPAI) traded down $0.04 during midday trading on Tuesday, hitting $13.03. The company’s stock had a trading volume of 2,544,700 shares, compared to its average volume of 1,762,450. The company has a market capitalization of $2,968.20, a PE ratio of 12.33 and a beta of 0.48. Retail Properties of America, Inc. has a 52 week low of $11.61 and a 52 week high of $15.81. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.89 and a quick ratio of 0.89.

Retail Properties of America (NYSE:RPAI) last posted its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.25. The company had revenue of $130.52 million for the quarter, compared to analysts’ expectations of $132.45 million. Retail Properties of America had a return on equity of 7.61% and a net margin of 28.84%. The firm’s revenue was down 9.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.27 earnings per share. sell-side analysts predict that Retail Properties of America, Inc. will post 1.04 earnings per share for the current year.

The business 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. The ex-dividend date of this dividend is Friday, December 22nd. This represents a $0.66 annualized dividend and a dividend yield of 5.08%. Retail Properties of America’s dividend payout ratio is currently 101.54%.

In other Retail Properties of America news, Director Gerald M. Gorski sold 4,790 shares of the company’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $13.59, for a total value of $65,096.10. Following the transaction, the director now 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 this link. 0.40% of the stock is currently owned by corporate insiders.

A number of research firms have weighed in on RPAI. KeyCorp upgraded Retail Properties of America from a “sector weight” rating to an “overweight” rating and set a $16.00 target price for the company in a research report on Monday. Boenning Scattergood restated a “buy” rating and issued a $18.50 target price on shares of Retail Properties of America in a research report on Thursday, November 2nd. Robert W. Baird restated a “buy” rating and issued a $18.00 target price on shares of Retail Properties of America in a research report on Wednesday, November 1st. BidaskClub downgraded Retail Properties of America from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. Finally, Zacks Investment Research downgraded Retail Properties of America from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $16.00.

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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.

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

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