Retail Properties of America Inc (RPAI) Position Reduced by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd lessened its position in Retail Properties of America Inc (NYSE:RPAI) by 35.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,703 shares of the real estate investment trust’s stock after selling 10,796 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Retail Properties of America were worth $259,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in RPAI. Numeric Investors LLC raised its holdings in Retail Properties of America by 10,872.3% in the 2nd quarter. Numeric Investors LLC now owns 1,108,199 shares of the real estate investment trust’s stock worth $13,531,000 after acquiring an additional 1,098,099 shares during the period. Balyasny Asset Management LLC raised its holdings in Retail Properties of America by 135.1% in the 2nd quarter. Balyasny Asset Management LLC now owns 1,493,991 shares of the real estate investment trust’s stock worth $18,242,000 after acquiring an additional 858,409 shares during the period. LSV Asset Management raised its holdings in Retail Properties of America by 81.8% in the 2nd quarter. LSV Asset Management now owns 1,599,700 shares of the real estate investment trust’s stock worth $19,532,000 after acquiring an additional 719,900 shares during the period. Los Angeles Capital Management & Equity Research Inc. raised its holdings in Retail Properties of America by 1,668.7% in the 2nd 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 acquiring an additional 614,988 shares during the period. Finally, AEW Capital Management L P grew its position in Retail Properties of America by 8.7% in the 2nd quarter. AEW Capital Management L P now owns 6,187,093 shares of the real estate investment trust’s stock worth $75,544,000 after purchasing an additional 497,293 shares during the last quarter. Hedge funds and other institutional investors own 79.14% of the company’s stock.

Retail Properties of America Inc (NYSE:RPAI) traded down $0.35 during midday trading on Wednesday, reaching $12.99. 1,122,500 shares of the company’s stock traded hands, compared to its average volume of 1,772,743. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.84. The firm has a market cap of $3,029.51, a price-to-earnings ratio of 12.59 and a beta of 0.50. Retail Properties of America Inc has a 52 week low of $11.61 and a 52 week high of $15.81.

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, hitting the 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 company had revenue of $130.52 million for the quarter, compared to analyst estimates of $132.45 million. During the same period last year, the business posted $0.27 EPS. The business’s quarterly revenue was down 9.7% on a year-over-year basis. sell-side analysts forecast that Retail Properties of America Inc will post 1.05 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Wednesday, December 27th will be given a dividend of $0.1656 per share. The ex-dividend date is Friday, December 22nd. This represents a $0.66 annualized dividend and a dividend yield of 5.10%. Retail Properties of America’s dividend payout ratio (DPR) is currently 101.54%.

In other news, Director Gerald M. Gorski sold 4,790 shares of Retail Properties of America stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $13.59, for a total transaction of $65,096.10. Following the sale, the director now directly owns 46,907 shares in the company, valued at approximately $637,466.13. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.40% of the stock is currently owned by insiders.

Several analysts have issued reports on the stock. BidaskClub lowered shares of Retail Properties of America from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 16th. Zacks Investment Research lowered shares of Retail Properties of America from a “buy” rating to a “hold” rating in a research report on Saturday, September 2nd. KeyCorp restated a “hold” rating on shares of Retail Properties of America in a research report on Friday, August 25th. Jefferies Group restated a “hold” rating and issued a $13.00 price target on shares of Retail Properties of America in a research report on Tuesday, August 29th. Finally, Boenning Scattergood restated a “buy” rating and issued a $18.50 price target on shares of Retail Properties of America in a research report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $16.00.

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Retail Properties of America Company 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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