Retail Properties of America Inc (RPAI) Shares Bought by Barclays PLC

Barclays PLC boosted its stake in shares of Retail Properties of America Inc (NYSE:RPAI) by 28.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 574,354 shares of the real estate investment trust’s stock after acquiring an additional 125,711 shares during the quarter. Barclays PLC’s holdings in Retail Properties of America were worth $6,232,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Menta Capital LLC acquired a new stake in Retail Properties of America during the fourth quarter worth approximately $192,000. Neuburgh Advisers LLC raised its holdings in Retail Properties of America by 438.7% during the fourth quarter. Neuburgh Advisers LLC now owns 180,234 shares of the real estate investment trust’s stock worth $1,955,000 after purchasing an additional 146,778 shares in the last quarter. Flinton Capital Management LLC raised its holdings in Retail Properties of America by 438.7% during the fourth quarter. Flinton Capital Management LLC now owns 148,428 shares of the real estate investment trust’s stock worth $1,610,000 after purchasing an additional 120,876 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in Retail Properties of America by 1.7% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 139,300 shares of the real estate investment trust’s stock worth $1,511,000 after purchasing an additional 2,300 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its holdings in Retail Properties of America by 15.7% during the fourth quarter. Great West Life Assurance Co. Can now owns 172,525 shares of the real estate investment trust’s stock worth $1,739,000 after purchasing an additional 23,347 shares in the last quarter. 82.73% of the stock is owned by institutional investors.

A number of research firms have weighed in on RPAI. ValuEngine raised shares of Retail Properties of America from a “sell” rating to a “hold” rating in a report on Saturday, December 1st. Zacks Investment Research cut shares of Retail Properties of America from a “buy” rating to a “hold” rating in a report on Wednesday, January 30th. Citigroup set a $15.00 target price on shares of Retail Properties of America and gave the company a “buy” rating in a report on Tuesday, November 20th. Finally, KeyCorp set a $15.00 target price on shares of Retail Properties of America and gave the company a “buy” rating in a report on Thursday, December 20th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $14.29.

Shares of Retail Properties of America stock opened at $11.93 on Tuesday. The firm has a market capitalization of $2.58 billion, a PE ratio of 11.58, a price-to-earnings-growth ratio of 5.31 and a beta of 0.58. Retail Properties of America Inc has a 12 month low of $10.57 and a 12 month high of $13.40. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.79 and a current ratio of 0.79.

Retail Properties of America (NYSE:RPAI) last announced its earnings results on Tuesday, February 12th. The real estate investment trust reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. The business had revenue of $119.30 million for the quarter, compared to analysts’ expectations of $119.77 million. Retail Properties of America had a net margin of 16.09% and a return on equity of 4.24%. The company’s quarterly revenue was down 5.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.25 EPS. As a group, equities research analysts expect that Retail Properties of America Inc will post 1.04 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 10th. Stockholders of record on Wednesday, March 27th will be issued a $0.1656 dividend. The ex-dividend date is Tuesday, March 26th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.55%. Retail Properties of America’s payout ratio is 64.08%.

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Retail Properties of America Company Profile

Retail Properties of America, Inc is a REIT that owns and operates high quality, strategically located open-air shopping centers, including properties with a mixed-use component. As of December 31, 2018, the Company owned 105 retail operating properties in the United States representing 20.1 million square feet.

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

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