Resolution Capital Ltd Buys Shares of 3,715,279 Retail Properties of America Inc (RPAI)

Resolution Capital Ltd bought a new stake in Retail Properties of America Inc (NYSE:RPAI) during the first quarter, according to its most recent filing with the SEC. The firm bought 3,715,279 shares of the real estate investment trust’s stock, valued at approximately $43,320,000. Retail Properties of America comprises 2.0% of Resolution Capital Ltd’s holdings, making the stock its 20th biggest holding. Resolution Capital Ltd owned approximately 1.69% of Retail Properties of America at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of RPAI. SG Americas Securities LLC grew its stake in Retail Properties of America by 85.4% in the 4th quarter. SG Americas Securities LLC now owns 46,635 shares of the real estate investment trust’s stock valued at $627,000 after buying an additional 21,484 shares during the last quarter. LSV Asset Management grew its position in Retail Properties of America by 0.4% in the 4th quarter. LSV Asset Management now owns 1,605,200 shares of the real estate investment trust’s stock worth $21,573,000 after purchasing an additional 7,100 shares during the last quarter. Public Employees Retirement Association of Colorado grew its position in Retail Properties of America by 60.6% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 11,668 shares of the real estate investment trust’s stock worth $157,000 after purchasing an additional 4,403 shares during the last quarter. Meeder Asset Management Inc. grew its position in Retail Properties of America by 643.5% in the 4th quarter. Meeder Asset Management Inc. now owns 19,248 shares of the real estate investment trust’s stock worth $259,000 after purchasing an additional 16,659 shares during the last quarter. Finally, American Century Companies Inc. acquired a new stake in Retail Properties of America in the 4th quarter worth $18,630,000. Institutional investors and hedge funds own 81.39% of the company’s stock.

Shares of Retail Properties of America opened at $12.78 on Thursday, MarketBeat Ratings reports. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.85. Retail Properties of America Inc has a twelve month low of $10.84 and a twelve month high of $13.78. The stock has a market cap of $2.72 billion, a PE ratio of 12.06 and a beta of 0.32.

Retail Properties of America (NYSE:RPAI) last issued its earnings results on Tuesday, May 1st. The real estate investment trust reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.06). Retail Properties of America had a net margin of 58.23% and a return on equity of 15.25%. The business had revenue of $124.80 million for the quarter, compared to analyst estimates of $123.56 million. During the same quarter last year, the firm posted $0.28 earnings per share. Retail Properties of America’s revenue was down 13.2% on a year-over-year basis. research analysts forecast that Retail Properties of America Inc will post 1.01 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 10th. Stockholders of record on Tuesday, June 26th will be given a dividend of $0.166 per share. This is a positive change from Retail Properties of America’s previous quarterly dividend of $0.17. This represents a $0.66 annualized dividend and a dividend yield of 5.20%. The ex-dividend date is Monday, June 25th. Retail Properties of America’s payout ratio is 62.26%.

Several research firms have issued reports on RPAI. Boenning Scattergood set a $16.00 price target on shares of Retail Properties of America and gave the stock a “buy” rating in a research report on Thursday, May 3rd. ValuEngine lowered shares of Retail Properties of America from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Zacks Investment Research lowered shares of Retail Properties of America from a “hold” rating to a “sell” rating in a research report on Thursday, March 8th. Jefferies Group set a $13.00 price target on shares of Retail Properties of America and gave the stock a “hold” rating in a research report on Tuesday, February 27th. Finally, Citigroup decreased their price target on shares of Retail Properties of America from $15.00 to $14.50 and set a “buy” rating on the stock in a research report on Wednesday, February 21st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. Retail Properties of America currently has a consensus rating of “Hold” and an average price target of $15.36.

Retail Properties of America Profile

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.

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

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