Retail Properties of America, Inc. (NYSE:RPAI) Shares Bought by Capital Fund Management S.A.

Capital Fund Management S.A. raised its stake in shares of Retail Properties of America, Inc. (NYSE:RPAI) by 27.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 736,080 shares of the real estate investment trust’s stock after acquiring an additional 157,636 shares during the quarter. Capital Fund Management S.A. owned approximately 0.31% of Retail Properties of America worth $8,988,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the stock. MAI Capital Management increased its position in Retail Properties of America by 0.3% in the second quarter. MAI Capital Management now owns 27,904 shares of the real estate investment trust’s stock worth $341,000 after purchasing an additional 80 shares during the period. GAM Holding AG grew its position in shares of Retail Properties of America by 0.5% during the 2nd quarter. GAM Holding AG now owns 20,117 shares of the real estate investment trust’s stock worth $246,000 after buying an additional 110 shares during the period. SG Americas Securities LLC grew its position in shares of Retail Properties of America by 3.5% during the 2nd quarter. SG Americas Securities LLC now owns 13,214 shares of the real estate investment trust’s stock worth $161,000 after buying an additional 444 shares during the period. Principal Financial Group Inc. grew its position in shares of Retail Properties of America by 1.4% during the 1st quarter. Principal Financial Group Inc. now owns 40,759 shares of the real estate investment trust’s stock worth $588,000 after buying an additional 553 shares during the period. Finally, Private Advisor Group LLC grew its position in shares of Retail Properties of America by 1.2% during the 1st quarter. Private Advisor Group LLC now owns 52,405 shares of the real estate investment trust’s stock worth $749,000 after buying an additional 620 shares during the period. 78.99% of the stock is owned by institutional investors and hedge funds.

Retail Properties of America, Inc. (NYSE RPAI) traded up 0.15% during mid-day trading on Friday, hitting $13.65. The stock had a trading volume of 3,759,268 shares. The stock has a market capitalization of $3.14 billion, a P/E ratio of 17.28 and a beta of 0.44. Retail Properties of America, Inc. has a 52 week low of $11.61 and a 52 week high of $17.35. The company’s 50 day moving average is $13.35 and its 200-day moving average is $13.35.

Retail Properties of America (NYSE:RPAI) last issued its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. The business had revenue of $137.34 million for the quarter, compared to the consensus estimate of $135.81 million. Retail Properties of America had a return on equity of 9.20% and a net margin of 34.57%. The business’s quarterly revenue was down 6.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.31 earnings per share. On average, analysts expect that Retail Properties of America, Inc. will post $0.53 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Stockholders of record on Tuesday, September 26th will be issued a dividend of $0.1656 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 4.85%. The ex-dividend date of this dividend is Monday, September 25th. Retail Properties of America’s dividend payout ratio (DPR) is presently 82.50%.

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RPAI has been the subject of several research analyst reports. BidaskClub upgraded Retail Properties of America from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Zacks Investment Research cut Retail Properties of America from a “buy” rating to a “hold” rating in a research note on Saturday, September 2nd. KeyCorp restated a “hold” rating on shares of Retail Properties of America in a research note on Friday, August 25th. Citigroup Inc. restated a “buy” rating and issued a $16.00 target price (down previously from $18.00) on shares of Retail Properties of America in a research note on Tuesday, June 6th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $13.00 target price on shares of Retail Properties of America in a research note on Tuesday, August 29th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $15.75.

In other news, Director Gerald M. Gorski sold 4,790 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $637,466.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.41% of the stock is owned by insiders.

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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