Sei Investments Co. raised its stake in shares of Retail Properties of America, Inc. (NYSE:RPAI) by 36.1% during the second quarter, Holdings Channel reports. The firm owned 863,979 shares of the real estate investment trust’s stock after buying an additional 229,041 shares during the period. Sei Investments Co.’s holdings in Retail Properties of America were worth $10,550,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in RPAI. Metropolitan Life Insurance Co. NY raised its stake in Retail Properties of America by 1.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 19,817 shares of the real estate investment trust’s stock valued at $304,000 after buying an additional 343 shares during the period. Principal Financial Group Inc. raised its stake in Retail Properties of America by 1.4% in the first quarter. Principal Financial Group Inc. now owns 40,759 shares of the real estate investment trust’s stock valued at $588,000 after buying an additional 553 shares during the period. Private Advisor Group LLC raised its stake in shares of Retail Properties of America by 1.2% in the first quarter. Private Advisor Group LLC now owns 52,405 shares of the real estate investment trust’s stock worth $749,000 after buying an additional 620 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Retail Properties of America by 5.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,922 shares of the real estate investment trust’s stock worth $215,000 after buying an additional 785 shares during the last quarter. Finally, Amalgamated Bank raised its stake in shares of Retail Properties of America by 3.4% in the first quarter. Amalgamated Bank now owns 34,125 shares of the real estate investment trust’s stock worth $492,000 after buying an additional 1,112 shares during the last quarter. Hedge funds and other institutional investors own 77.59% of the company’s stock.

Retail Properties of America, Inc. (NYSE:RPAI) opened at 13.38 on Friday. Retail Properties of America, Inc. has a 52-week low of $11.61 and a 52-week high of $17.57. The firm’s 50-day moving average is $12.75 and its 200-day moving average is $13.67. The stock has a market cap of $3.08 billion, a P/E ratio of 16.94 and a beta of 0.47.

Retail Properties of America (NYSE:RPAI) last issued its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.01. The business had revenue of $137.34 million for 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 quarter in the prior year, the company earned $0.31 earnings per share. Equities research analysts predict that Retail Properties of America, Inc. will post $0.08 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 10th. Stockholders of record on Tuesday, September 26th will be given a dividend of $0.1656 per share. The ex-dividend date is Monday, September 25th. This represents a $0.66 annualized dividend and a dividend yield of 4.95%. Retail Properties of America’s dividend payout ratio is presently 82.50%.

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RPAI has been the subject of a number of research analyst reports. BidaskClub upgraded shares of Retail Properties of America from a “hold” rating to a “buy” rating in a report on Wednesday. Citigroup Inc. reiterated a “buy” rating and set a $15.00 price objective (down previously from $16.00) on shares of Retail Properties of America in a report on Monday, July 10th. Jefferies Group LLC lifted their price objective on shares of Retail Properties of America to $16.00 and gave the company a “hold” rating in a report on Monday, June 5th. ValuEngine lowered shares of Retail Properties of America from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, 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. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $16.08.

In other Retail Properties of America news, Director Richard P. Imperiale purchased 4,500 shares of Retail Properties of America stock in a transaction dated Tuesday, May 16th. The shares were acquired at an average price of $12.61 per share, with a total value of $56,745.00. Following the completion of the transaction, the director now owns 37,602 shares of the company’s stock, valued at $474,161.22. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Shane C. Garrison sold 1,000 shares of the stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $25.56, for a total transaction of $25,560.00. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by corporate insiders.

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.

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

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