Pioneer Investment Management Inc. boosted its stake in shares of Retail Properties of America, Inc. (NYSE:RPAI) by 5.3% during the second quarter, Holdings Channel reports. The firm owned 224,800 shares of the real estate investment trust’s stock after buying an additional 11,300 shares during the period. Pioneer Investment Management Inc.’s holdings in Retail Properties of America were worth $2,745,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Great West Life Assurance Co. Can raised its position in shares of Retail Properties of America by 494.7% in the first quarter. Great West Life Assurance Co. Can now owns 135,805 shares of the real estate investment trust’s stock valued at $1,956,000 after buying an additional 112,969 shares during the period. Wells Fargo & Company MN raised its position in shares of Retail Properties of America by 14.9% in the first quarter. Wells Fargo & Company MN now owns 215,133 shares of the real estate investment trust’s stock valued at $3,102,000 after buying an additional 27,837 shares during the period. Old Mutual Global Investors UK Ltd. purchased a new position in shares of Retail Properties of America during the first quarter valued at about $329,000. IFP Advisors Inc raised its position in shares of Retail Properties of America by 6.9% in the first quarter. IFP Advisors Inc now owns 46,274 shares of the real estate investment trust’s stock valued at $667,000 after buying an additional 2,975 shares during the period. Finally, Russell Investments Group Ltd. raised its position in shares of Retail Properties of America by 14.5% in the first quarter. Russell Investments Group Ltd. now owns 1,397,066 shares of the real estate investment trust’s stock valued at $20,132,000 after buying an additional 176,567 shares during the period. 77.78% of the stock is owned by institutional investors.

Retail Properties of America, Inc. (NYSE:RPAI) opened at 13.42 on Tuesday. The company has a 50-day moving average of $12.83 and a 200-day moving average of $13.62. Retail Properties of America, Inc. has a 52 week low of $11.61 and a 52 week high of $17.57. The firm has a market capitalization of $3.09 billion, a price-to-earnings ratio of 16.99 and a beta of 0.47.

Retail Properties of America (NYSE:RPAI) last posted its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. The business had revenue of $137.34 million during the quarter, compared to analysts’ expectations of $135.81 million. Retail Properties of America had a net margin of 34.57% and a return on equity of 9.20%. The business’s quarterly revenue was down 6.7% on a year-over-year basis. During the same period last year, the company posted $0.31 earnings per share. On average, equities analysts forecast that Retail Properties of America, Inc. will post $0.08 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Tuesday, September 26th will be issued a $0.1656 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date is Monday, September 25th. Retail Properties of America’s payout ratio is 82.50%.

COPYRIGHT VIOLATION WARNING: “Retail Properties of America, Inc. (NYSE:RPAI) Shares Bought by Pioneer Investment Management Inc.” was published by Watch List News and is owned by of Watch List News. If you are accessing this piece on another domain, it was stolen and republished in violation of US & international copyright & trademark laws. The original version of this piece can be read at https://www.watchlistnews.com/retail-properties-of-america-inc-nyserpai-shares-bought-by-pioneer-investment-management-inc/1489176.html.

Several equities analysts have recently issued reports on the stock. BidaskClub raised shares of Retail Properties of America from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Zacks Investment Research lowered shares of Retail Properties of America from a “hold” rating to a “sell” rating in a report on Wednesday, May 3rd. ValuEngine lowered shares of Retail Properties of America from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Jefferies Group LLC boosted their price target on shares of Retail Properties of America to $16.00 and gave the company a “hold” rating in a report on Monday, June 5th. Finally, Citigroup Inc. reissued a “buy” rating and issued a $16.00 price target (down previously from $18.00) on shares of Retail Properties of America in a report on Tuesday, June 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. Retail Properties of America currently has a consensus rating of “Hold” and an average price target of $16.08.

In other Retail Properties of America news, COO Shane C. Garrison sold 1,000 shares of the firm’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $25.56, for a total value of $25,560.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.40% of the company’s stock.

About Retail Properties of America

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.

Want to see what other hedge funds are holding RPAI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Retail Properties of America, Inc. (NYSE:RPAI).

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

Receive News & Ratings for Retail Properties of America Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Retail Properties of America Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.