Quantbot Technologies LP reduced its stake in Retail Properties of America, Inc. (NYSE:RPAI) by 25.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,466 shares of the real estate investment trust’s stock after selling 12,846 shares during the period. Quantbot Technologies LP’s holdings in Retail Properties of America were worth $491,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Profund Advisors LLC bought a new stake in Retail Properties of America during the second quarter valued at $143,000. Brookstone Capital Management bought a new stake in Retail Properties of America during the second quarter valued at $146,000. Stratos Wealth Partners LTD. bought a new stake in Retail Properties of America during the third quarter valued at $148,000. Laurion Capital Management LP bought a new stake in Retail Properties of America during the second quarter valued at $153,000. Finally, SG Americas Securities LLC boosted its stake in Retail Properties of America by 3.5% during the second quarter. SG Americas Securities LLC now owns 13,214 shares of the real estate investment trust’s stock valued at $161,000 after buying an additional 444 shares during the period. 80.19% of the stock is owned by hedge funds and other institutional investors.

In other Retail Properties of America news, Director Gerald M. Gorski sold 4,790 shares of the firm’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $13.59, for a total transaction of $65,096.10. Following the sale, the director now owns 46,907 shares in the company, valued at $637,466.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.41% of the company’s stock.

Retail Properties of America, Inc. (NYSE RPAI) traded down $0.02 during midday trading on Friday, reaching $13.12. The company’s stock had a trading volume of 526,585 shares, compared to its average volume of 1,905,042. Retail Properties of America, Inc. has a twelve month low of $11.61 and a twelve month high of $15.81. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $2,979.55, a P/E ratio of 12.38 and a beta of 0.48.

Retail Properties of America (NYSE:RPAI) last released its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.25 earnings per share for the quarter, meeting the Zacks’ 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 business had revenue of $130.52 million for the quarter, compared to the consensus estimate of $132.45 million. During the same quarter last year, the business posted $0.27 earnings per share. The company’s revenue for the quarter was down 9.7% on a year-over-year basis. analysts expect 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. Shareholders of record on Wednesday, December 27th will be given a dividend of $0.1656 per share. The ex-dividend date of this dividend is Friday, December 22nd. This represents a $0.66 dividend on an annualized basis and a yield of 5.05%. Retail Properties of America’s payout ratio is 101.54%.

Several equities research analysts recently issued reports on RPAI shares. BidaskClub raised Retail Properties of America from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Jefferies Group LLC reissued a “hold” rating and set a $13.00 price objective on shares of Retail Properties of America in a research note on Tuesday, August 29th. KeyCorp reissued a “hold” rating on shares of Retail Properties of America in a research note on Friday, August 25th. Zacks Investment Research raised Retail Properties of America from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Wednesday, October 11th. Finally, Robert W. Baird reissued a “buy” rating and set a $18.00 price objective on shares of Retail Properties of America in a research note on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $16.00.

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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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