Barclays PLC Boosts Stake in Retail Properties of America Inc (NYSE:RPAI)

Barclays PLC boosted its position in Retail Properties of America Inc (NYSE:RPAI) by 93.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 349,178 shares of the real estate investment trust’s stock after buying an additional 168,865 shares during the quarter. Barclays PLC owned approximately 0.16% of Retail Properties of America worth $4,072,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Cornercap Investment Counsel Inc. bought a new stake in Retail Properties of America in the 1st quarter valued at $755,000. UBS Group AG lifted its holdings in shares of Retail Properties of America by 1,092.2% during the 1st quarter. UBS Group AG now owns 429,798 shares of the real estate investment trust’s stock worth $5,012,000 after acquiring an additional 393,746 shares during the period. Long Pond Capital LP lifted its holdings in shares of Retail Properties of America by 6.2% during the 1st quarter. Long Pond Capital LP now owns 8,267,922 shares of the real estate investment trust’s stock worth $96,404,000 after acquiring an additional 479,293 shares during the period. Westwood Holdings Group Inc. lifted its holdings in shares of Retail Properties of America by 2,269.4% during the 1st quarter. Westwood Holdings Group Inc. now owns 2,164,171 shares of the real estate investment trust’s stock worth $25,235,000 after acquiring an additional 2,072,834 shares during the period. Finally, Resolution Capital Ltd bought a new position in shares of Retail Properties of America during the 1st quarter worth about $43,320,000. Institutional investors and hedge funds own 81.53% of the company’s stock.

RPAI has been the subject of a number of recent analyst reports. Jefferies Financial Group set a $13.00 target price on shares of Retail Properties of America and gave the stock a “hold” rating in a research report on Tuesday, February 27th. Zacks Investment Research upgraded shares of Retail Properties of America from a “sell” rating to a “hold” rating in a research report on Thursday, March 1st. ValuEngine cut shares of Retail Properties of America from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. 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. Finally, JPMorgan Chase & Co. cut shares of Retail Properties of America from an “overweight” rating to a “neutral” rating in a research report on Friday, June 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $15.36.

Shares of Retail Properties of America opened at $13.11 on Friday, according to Marketbeat. 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 $2.86 billion, a P/E ratio of 12.63 and a beta of 0.32. 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 released its quarterly earnings data on Tuesday, May 1st. The real estate investment trust reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.06). The company had revenue of $124.80 million during the quarter, compared to analyst estimates of $123.56 million. Retail Properties of America had a net margin of 58.23% and a return on equity of 15.25%. Retail Properties of America’s revenue for the quarter was down 13.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.28 earnings per share. analysts predict 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 $0.166 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.06%. The ex-dividend date of this dividend is Monday, June 25th. This is a boost from Retail Properties of America’s previous quarterly dividend of $0.17. Retail Properties of America’s payout ratio is presently 62.26%.

Retail Properties of America Company 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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