Ladenburg Thalmann Financial Services Inc. Has $1.13 Million Holdings in Retail Properties of America Inc (RPAI)

Ladenburg Thalmann Financial Services Inc. lessened its holdings in Retail Properties of America Inc (NYSE:RPAI) by 13.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 83,929 shares of the real estate investment trust’s stock after selling 13,254 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Retail Properties of America were worth $1,127,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Vident Investment Advisory LLC purchased a new stake in Retail Properties of America in the 3rd quarter worth $135,000. Public Employees Retirement Association of Colorado grew its position in shares of Retail Properties of America by 60.6% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 11,668 shares of the real estate investment trust’s stock valued at $157,000 after purchasing an additional 4,403 shares in the last quarter. Wolverine Trading LLC purchased a new position in shares of Retail Properties of America during the third quarter valued at about $186,000. The Manufacturers Life Insurance Company grew its position in shares of Retail Properties of America by 7.1% during the second quarter. The Manufacturers Life Insurance Company now owns 16,224 shares of the real estate investment trust’s stock valued at $198,000 after purchasing an additional 1,079 shares in the last quarter. Finally, Two Sigma Securities LLC purchased a new position in shares of Retail Properties of America during the fourth quarter valued at about $230,000. Institutional investors and hedge funds own 81.12% of the company’s stock.

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Shares of NYSE:RPAI opened at $11.64 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.93. Retail Properties of America Inc has a 12 month low of $10.94 and a 12 month high of $14.70. The stock has a market capitalization of $2,604.57, a P/E ratio of 10.98 and a beta of 0.31.

Retail Properties of America (NYSE:RPAI) last announced its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.23. Retail Properties of America had a net margin of 46.73% and a return on equity of 12.36%. The firm had revenue of $126.59 million during the quarter, compared to the consensus estimate of $126.72 million. sell-side analysts forecast that Retail Properties of America Inc will post 1.01 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 10th. Investors of record on Tuesday, March 27th were issued a $0.1656 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.69%. The ex-dividend date was Monday, March 26th. Retail Properties of America’s payout ratio is 62.26%.

A number of brokerages have recently weighed in on RPAI. Zacks Investment Research lowered Retail Properties of America from a “hold” rating to a “sell” rating in a research report on Thursday, March 8th. ValuEngine lowered Retail Properties of America from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Jefferies Group set a $13.00 price objective on Retail Properties of America and gave the company a “hold” rating in a research report on Tuesday, February 27th. Boenning Scattergood set a $19.00 price objective on Retail Properties of America and gave the company a “buy” rating in a research report on Thursday, February 15th. Finally, Citigroup cut their price objective on Retail Properties of America from $15.00 to $14.50 and set a “buy” rating for the company in a research report on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. Retail Properties of America currently has an average rating of “Hold” and a consensus price target of $15.79.

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About Retail Properties of America

Retail Properties of America, Inc is a REIT that owns and operates high quality, strategically located shopping centers in the United States. As of December 31, 2017, the Company owned 112 retail operating properties representing 20.3 million square feet. The Company is publicly traded on the New York Stock Exchange under the ticker symbol RPAI.

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

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