Strs Ohio decreased its stake in shares of Retail Properties of America, Inc. (NYSE:RPAI) by 1.1% during the third quarter, Holdings Channel reports. The firm owned 350,773 shares of the company’s stock after selling 3,992 shares during the period. Strs Ohio owned about 0.15% of Retail Properties of America worth $5,892,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of RPAI. CWM LLC raised its stake in Retail Properties of America by 54.5% in the third quarter. CWM LLC now owns 6,261 shares of the company’s stock valued at $105,000 after buying an additional 2,208 shares in the last quarter. First Quadrant L P CA purchased a new stake in Retail Properties of America during the second quarter valued at $149,000. Blair William & Co. IL purchased a new stake in Retail Properties of America during the second quarter valued at $182,000. National Asset Management Inc. purchased a new stake in Retail Properties of America during the second quarter valued at $184,000. Finally, Stifel Financial Corp purchased a new stake in Retail Properties of America during the second quarter valued at $184,000. 79.68% of the stock is currently owned by hedge funds and other institutional investors.

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

Retail Properties of America, Inc. (NYSE:RPAI) opened at 15.07 on Friday. Retail Properties of America, Inc. has a one year low of $14.02 and a one year high of $17.78. The company has a market capitalization of $3.57 billion, a P/E ratio of 25.20 and a beta of 0.42. The stock’s 50 day moving average price is $15.25 and its 200-day moving average price is $16.17.

Retail Properties of America (NYSE:RPAI) last issued its quarterly earnings results on Tuesday, November 1st. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.01. Retail Properties of America had a return on equity of 7.01% and a net margin of 25.71%. The firm had revenue of $144.53 million for the quarter, compared to the consensus estimate of $144.90 million. During the same period in the prior year, the business posted $0.27 earnings per share. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. Equities analysts forecast that Retail Properties of America, Inc. will post $0.16 EPS for the current year.

The company also recently disclosed a dividend, which was paid on Tuesday, January 10th. Shareholders of record on Thursday, December 22nd were issued a dividend of $0.166 per share. The ex-dividend date of this dividend was Tuesday, December 20th. Retail Properties of America’s payout ratio is currently 110.00%.

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RPAI has been the topic of several analyst reports. Zacks Investment Research downgraded Retail Properties of America from a “buy” rating to a “hold” rating in a report on Wednesday, October 26th. Deutsche Bank AG reissued a “buy” rating on shares of Retail Properties of America in a report on Friday, September 23rd. Boenning Scattergood raised Retail Properties of America from a “neutral” rating to an “outperform” rating and set a $19.00 target price on the stock in a report on Monday, October 3rd. J P Morgan Chase & Co raised Retail Properties of America from an “underweight” rating to a “neutral” rating and set a $16.50 target price on the stock in a report on Friday, December 16th. Finally, Jefferies Group reissued a “hold” rating on shares of Retail Properties of America in a report on Wednesday, November 9th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $17.69.

Retail Properties of America Company Profile

Retail Properties of America, Inc, formerly Inland Western Retail Real Estate Trust, Inc, is a real estate investment trust (REIT). The Company owns and operates shopping centers in the United States. The Company’s retail operating portfolio includes power centers, neighborhood and community centers, and lifestyle centers and predominantly multi-tenant retail mixed-use properties, as well as single-user retail properties.

5 Day Chart for NYSE:RPAI

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