Retail Properties of America Inc (RPAI) Holdings Boosted by Crestline Management LP

Crestline Management LP boosted its holdings in shares of Retail Properties of America Inc (NYSE:RPAI) by 159.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 315,985 shares of the real estate investment trust’s stock after buying an additional 194,065 shares during the quarter. Retail Properties of America makes up approximately 0.5% of Crestline Management LP’s investment portfolio, making the stock its 28th largest position. Crestline Management LP’s holdings in Retail Properties of America were worth $3,428,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in RPAI. CWM LLC increased its position in Retail Properties of America by 68.8% during the fourth quarter. CWM LLC now owns 3,697 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 1,507 shares during the last quarter. We Are One Seven LLC acquired a new position in Retail Properties of America during the fourth quarter worth approximately $43,000. Pearl River Capital LLC acquired a new position in Retail Properties of America during the fourth quarter worth approximately $71,000. MML Investors Services LLC acquired a new position in Retail Properties of America during the third quarter worth approximately $129,000. Finally, Chicago Equity Partners LLC acquired a new position in shares of Retail Properties of America in the fourth quarter valued at approximately $133,000. 82.73% of the stock is currently owned by hedge funds and other institutional investors.

Retail Properties of America stock opened at $12.08 on Friday. 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. The company has a market capitalization of $2.58 billion, a PE ratio of 11.73, a PEG ratio of 5.31 and a beta of 0.58.

Retail Properties of America (NYSE:RPAI) last issued its quarterly earnings results on Tuesday, February 12th. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.01. The business had revenue of $119.30 million during the quarter, compared to analysts’ expectations of $119.77 million. Retail Properties of America had a return on equity of 4.24% and a net margin of 16.09%. The firm’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.25 earnings per share. On average, analysts anticipate that Retail Properties of America Inc will post 1.04 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 10th. Investors of record on Wednesday, March 27th will be paid a $0.1656 dividend. This represents a $0.66 annualized dividend and a dividend yield of 5.48%. The ex-dividend date is Tuesday, March 26th. Retail Properties of America’s dividend payout ratio (DPR) is currently 64.08%.

RPAI has been the topic of several research reports. Zacks Investment Research raised Retail Properties of America from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research report on Friday, March 8th. Citigroup set a $15.00 target price on Retail Properties of America and gave the company a “buy” rating in a research report on Tuesday, November 20th. KeyCorp set a $15.00 target price on Retail Properties of America and gave the company a “buy” rating in a research report on Thursday, December 20th. Finally, ValuEngine raised Retail Properties of America from a “sell” rating to a “hold” rating in a research report on Saturday, December 1st. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $14.29.

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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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