Retail Properties of America Inc (NYSE:RPAI) Stake Lowered by Quantitative Systematic Strategies LLC

Quantitative Systematic Strategies LLC lessened its holdings in shares of Retail Properties of America Inc (NYSE:RPAI) by 9.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 52,678 shares of the real estate investment trust’s stock after selling 5,466 shares during the quarter. Quantitative Systematic Strategies LLC’s holdings in Retail Properties of America were worth $614,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of RPAI. Certified Advisory Corp bought a new position in Retail Properties of America during the fourth quarter valued at approximately $142,000. Symons Capital Management Inc. bought a new position in shares of Retail Properties of America in the first quarter valued at approximately $145,000. Campbell & CO Investment Adviser LLC bought a new position in shares of Retail Properties of America in the first quarter valued at approximately $146,000. Public Employees Retirement Association of Colorado raised its position in shares of Retail Properties of America by 60.6% in 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 during the period. Finally, Two Sigma Securities LLC bought a new position in shares of Retail Properties of America in the fourth quarter valued at approximately $230,000. 81.69% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Retail Properties of America opened at $11.30 on Monday, Marketbeat reports. Retail Properties of America Inc has a 1 year low of $10.84 and a 1 year high of $13.78. The firm has a market cap of $2.48 billion, a P/E ratio of 10.66 and a beta of 0.30. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.12 and a current ratio of 1.12.

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

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 10th. Shareholders of record on Tuesday, June 26th will be paid a dividend of $0.166 per share. The ex-dividend date is Monday, June 25th. This represents a $0.66 dividend on an annualized basis and a yield of 5.88%. This is an increase from Retail Properties of America’s previous quarterly dividend of $0.17. Retail Properties of America’s payout ratio is currently 62.26%.

A number of equities analysts have recently commented on the stock. 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. Citigroup dropped 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. Jefferies Group set a $13.00 price target on shares of Retail Properties of America and gave the company a “hold” rating in a research report on Tuesday, February 27th. ValuEngine lowered shares of Retail Properties of America from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Boenning Scattergood set a $19.00 target price on shares of Retail Properties of America and gave the stock a “buy” rating in a research report on Thursday, February 15th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. Retail Properties of America currently has a consensus rating of “Hold” and an average target price 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.

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

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