Neuburgh Advisers LLC boosted its holdings in shares of Retail Properties of America Inc (NYSE:RPAI) by 113.5% during the 1st quarter, HoldingsChannel reports. The fund owned 384,880 shares of the real estate investment trust’s stock after purchasing an additional 204,646 shares during the period. Neuburgh Advisers LLC’s holdings in Retail Properties of America were worth $4,692,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Norges Bank acquired a new stake in shares of Retail Properties of America in the 4th quarter valued at about $28,893,000. Deutsche Bank AG raised its stake in shares of Retail Properties of America by 51.6% in the 4th quarter. Deutsche Bank AG now owns 6,908,365 shares of the real estate investment trust’s stock valued at $74,952,000 after purchasing an additional 2,350,634 shares during the period. Boston Partners raised its stake in shares of Retail Properties of America by 42.6% in the 4th quarter. Boston Partners now owns 7,533,107 shares of the real estate investment trust’s stock valued at $81,734,000 after purchasing an additional 2,252,191 shares during the period. Centersquare Investment Management LLC raised its stake in shares of Retail Properties of America by 41.1% in the 1st quarter. Centersquare Investment Management LLC now owns 7,616,426 shares of the real estate investment trust’s stock valued at $92,844,000 after purchasing an additional 2,218,646 shares during the period. Finally, Millennium Management LLC acquired a new stake in shares of Retail Properties of America in the 4th quarter valued at about $9,175,000. Hedge funds and other institutional investors own 81.36% of the company’s stock.

Shares of NYSE:RPAI traded up $0.03 during midday trading on Wednesday, reaching $12.11. The company had a trading volume of 15,946 shares, compared to its average volume of 1,389,295. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market cap of $2.59 billion, a P/E ratio of 11.75, a P/E/G ratio of 8.25 and a beta of 0.55. Retail Properties of America Inc has a 1-year low of $10.57 and a 1-year high of $13.40.

Retail Properties of America (NYSE:RPAI) last released its earnings results on Tuesday, April 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.15). The company had revenue of $122.70 million during the quarter, compared to analyst estimates of $121.77 million. Retail Properties of America had a net margin of 12.30% and a return on equity of 3.30%. Retail Properties of America’s revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.25 EPS. As a group, equities analysts predict that Retail Properties of America Inc will post 1.05 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Tuesday, June 25th will be given a $0.1656 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.47%. The ex-dividend date of this dividend is Monday, June 24th. Retail Properties of America’s dividend payout ratio is currently 64.08%.

Separately, Zacks Investment Research downgraded Retail Properties of America from a “buy” rating to a “hold” rating in a research note on Saturday, May 18th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Retail Properties of America presently has an average rating of “Hold” and a consensus target price of $14.17.

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Retail Properties of America Company Profile

Retail Properties of America, Inc is a REIT that owns and operates high quality, strategically located open-air shopping centers, including properties with a mixed-use component. As of December 31, 2018, the Company owned 105 retail operating properties in the United States representing 20.1 million square feet.

Further Reading: Earnings Per Share

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

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