Amica Mutual Insurance Co. lowered its position in Retail Properties of America, Inc. (NYSE:RPAI) by 25.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 191,534 shares of the real estate investment trust’s stock after selling 64,459 shares during the period. Amica Mutual Insurance Co. owned about 0.08% of Retail Properties of America worth $2,515,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. CFO4Life Group LLC grew its holdings in shares of Retail Properties of America by 27.2% in the third quarter. CFO4Life Group LLC now owns 30,344 shares of the real estate investment trust’s stock worth $398,000 after acquiring an additional 6,492 shares during the period. Pacer Advisors Inc. grew its holdings in Retail Properties of America by 11.6% during the third quarter. Pacer Advisors Inc. now owns 42,376 shares of the real estate investment trust’s stock valued at $556,000 after purchasing an additional 4,403 shares during the period. Macquarie Group Ltd. grew its holdings in Retail Properties of America by 31.1% during the third quarter. Macquarie Group Ltd. now owns 567,513 shares of the real estate investment trust’s stock valued at $7,451,000 after purchasing an additional 134,549 shares during the period. SG Americas Securities LLC grew its holdings in Retail Properties of America by 90.3% during the third quarter. SG Americas Securities LLC now owns 25,151 shares of the real estate investment trust’s stock valued at $330,000 after purchasing an additional 11,937 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in Retail Properties of America by 9.5% during the third quarter. Russell Investments Group Ltd. now owns 2,266,900 shares of the real estate investment trust’s stock valued at $29,767,000 after purchasing an additional 197,343 shares during the period. 80.19% of the stock is owned by institutional investors.

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In other news, Director Gerald M. Gorski sold 4,790 shares of the company’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $13.59, for a total value of $65,096.10. Following the completion of the transaction, the director now owns 46,907 shares of the company’s stock, valued at $637,466.13. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.41% of the company’s stock.

Retail Properties of America, Inc. (RPAI) traded down $0.05 during midday trading on Friday, hitting $13.14. The stock had a trading volume of 1,353,100 shares, compared to its average volume of 1,761,509. The company has a market capitalization of $2,984.09, a price-to-earnings ratio of 12.40 and a beta of 0.48. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 0.89. Retail Properties of America, Inc. has a 1 year low of $11.61 and a 1 year high of $15.81.

Retail Properties of America (NYSE:RPAI) last released its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.25 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.25. The firm had revenue of $130.52 million during the quarter, compared to analyst estimates of $132.45 million. Retail Properties of America had a return on equity of 7.61% and a net margin of 28.84%. The business’s quarterly revenue was down 9.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.27 earnings per share. sell-side analysts forecast that Retail Properties of America, Inc. will post 1.04 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Wednesday, December 27th will be paid a $0.1656 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date of this dividend is Friday, December 22nd. Retail Properties of America’s dividend payout ratio (DPR) is 101.54%.

Several analysts have issued reports on the company. BidaskClub raised Retail Properties of America from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. KeyCorp raised Retail Properties of America from a “sector weight” rating to an “overweight” rating and set a $16.00 price target for the company in a report on Monday. Boenning Scattergood reissued a “buy” rating and set a $18.50 price target on shares of Retail Properties of America in a report on Thursday, November 2nd. Robert W. Baird reissued a “buy” rating and set a $18.00 price target on shares of Retail Properties of America in a report on Wednesday, November 1st. Finally, Zacks Investment Research lowered Retail Properties of America from a “buy” rating to a “hold” rating in a report on Saturday, September 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $16.00.

Retail Properties of America 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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