Retail Properties of America, Inc. (RPAI) Holdings Cut by Prudential Financial Inc.

Prudential Financial Inc. lessened its stake in shares of Retail Properties of America, Inc. (NYSE:RPAI) by 17.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,951,396 shares of the real estate investment trust’s stock after selling 823,301 shares during the period. Prudential Financial Inc. owned about 1.72% of Retail Properties of America worth $51,881,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of RPAI. Principal Financial Group Inc. raised its holdings in 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. Teachers Advisors LLC raised its holdings in Retail Properties of America by 253.9% during the 1st quarter. Teachers Advisors LLC now owns 1,139,845 shares of the real estate investment trust’s stock worth $16,437,000 after buying an additional 817,756 shares during the period. Dimensional Fund Advisors LP raised its holdings in Retail Properties of America by 1.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,221,570 shares of the real estate investment trust’s stock worth $46,454,000 after buying an additional 37,016 shares during the period. AQR Capital Management LLC raised its holdings in Retail Properties of America by 2.7% during the 1st quarter. AQR Capital Management LLC now owns 221,637 shares of the real estate investment trust’s stock worth $3,196,000 after buying an additional 5,845 shares during the period. Finally, HighTower Advisors LLC raised its holdings in Retail Properties of America by 20.4% during the 1st quarter. HighTower Advisors LLC now owns 21,931 shares of the real estate investment trust’s stock worth $317,000 after buying an additional 3,720 shares during the period. Hedge funds and other institutional investors own 79.10% of the company’s stock.

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Retail Properties of America, Inc. (NYSE RPAI) opened at $12.92 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 0.89. Retail Properties of America, Inc. has a 12 month low of $11.61 and a 12 month high of $15.81. The firm has a market capitalization of $2,965.31, a PE ratio of 12.11 and a beta of 0.48.

Retail Properties of America (NYSE:RPAI) last released its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.25 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.25. Retail Properties of America had a return on equity of 7.61% and a net margin of 28.84%. The company had revenue of $130.52 million for the quarter, compared to analysts’ expectations of $132.45 million. During the same quarter in the previous year, the business posted $0.27 EPS. The business’s revenue for the quarter was down 9.7% on a year-over-year basis. equities research analysts forecast that Retail Properties of America, Inc. will post 1.04 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Wednesday, December 27th will be paid a $0.1656 dividend. The ex-dividend date of this dividend is Friday, December 22nd. This represents a $0.66 annualized dividend and a dividend yield of 5.13%. Retail Properties of America’s payout ratio is 101.54%.

Several analysts have issued reports on the company. Boenning Scattergood restated a “buy” rating and set a $18.50 price objective on shares of Retail Properties of America in a report on Thursday, November 2nd. Robert W. Baird reaffirmed a “buy” rating and set a $18.00 target price on shares of Retail Properties of America in a research note on Wednesday, November 1st. BidaskClub cut Retail Properties of America from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Zacks Investment Research cut Retail Properties of America from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $13.00 target price on shares of Retail Properties of America in a research note on Tuesday, August 29th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $16.00.

In related news, Director Gerald M. Gorski sold 4,790 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $13.59, for a total value of $65,096.10. Following the completion of the sale, the director now owns 46,907 shares of the company’s stock, valued at approximately $637,466.13. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.41% of the company’s stock.

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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