Alyeska Investment Group L.P. cut its position in Retail Properties of America Inc (NYSE:RPAI) by 23.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,378 shares of the real estate investment trust’s stock after selling 23,658 shares during the period. Alyeska Investment Group L.P.’s holdings in Retail Properties of America were worth $1,003,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Boothbay Fund Management LLC acquired a new position in Retail Properties of America during the third quarter worth $526,000. Skandinaviska Enskilda Banken AB publ boosted its stake in Retail Properties of America by 19.1% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 107,900 shares of the real estate investment trust’s stock worth $1,417,000 after buying an additional 17,300 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Retail Properties of America by 2.0% during the third quarter. Dimensional Fund Advisors LP now owns 3,384,350 shares of the real estate investment trust’s stock worth $44,437,000 after buying an additional 65,564 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Retail Properties of America by 5.7% during the third quarter. Schwab Charles Investment Management Inc. now owns 5,010,028 shares of the real estate investment trust’s stock worth $65,782,000 after buying an additional 271,866 shares during the last quarter. Finally, Barings LLC acquired a new position in Retail Properties of America during the third quarter worth $16,933,000. 79.14% of the stock is currently owned by hedge funds and other institutional investors.

Retail Properties of America Inc (NYSE RPAI) traded down $0.07 during trading hours on Friday, reaching $13.06. The company’s stock had a trading volume of 1,440,300 shares, compared to its average volume of 1,755,801. Retail Properties of America Inc has a 12 month low of $11.61 and a 12 month high of $15.81. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a market capitalization of $2,981.82, a P/E ratio of 12.39 and a beta of 0.50.

Retail Properties of America (NYSE:RPAI) last posted its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.25 EPS 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 company had revenue of $130.52 million for the quarter, compared to the consensus estimate of $132.45 million. During the same quarter in the previous year, the business earned $0.27 earnings per share. The company’s revenue for the quarter was down 9.7% on a year-over-year basis. equities analysts expect that Retail Properties of America Inc will post 1.05 EPS for the current year.

Retail Properties of America announced that its board has approved a share buyback plan on Thursday, December 14th that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Wednesday, December 27th will be given a $0.1656 dividend. 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 5.07%. Retail Properties of America’s dividend payout ratio is currently 101.54%.

A number of equities analysts have weighed in on RPAI shares. BidaskClub raised Retail Properties of America from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 9th. Zacks Investment Research raised Retail Properties of America from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Wednesday, October 11th. Jefferies Group 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 raised Retail Properties of America from a “sector weight” rating to an “overweight” rating and set a $16.00 price objective on the stock in a research note on Monday, November 20th. 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, four have issued a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $15.81.

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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.

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

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