Skandinaviska Enskilda Banken AB publ lifted its position in Retail Properties of America Inc (NYSE:RPAI) by 19.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 107,900 shares of the real estate investment trust’s stock after purchasing an additional 17,300 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Retail Properties of America were worth $1,417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in RPAI. Barings LLC purchased a new position in Retail Properties of America during the third quarter valued at $16,933,000. Numeric Investors LLC grew its stake in Retail Properties of America by 10,872.3% during the second quarter. Numeric Investors LLC now owns 1,108,199 shares of the real estate investment trust’s stock valued at $13,531,000 after acquiring an additional 1,098,099 shares in the last quarter. Balyasny Asset Management LLC grew its stake in Retail Properties of America by 135.1% during the second quarter. Balyasny Asset Management LLC now owns 1,493,991 shares of the real estate investment trust’s stock valued at $18,242,000 after acquiring an additional 858,409 shares in the last quarter. LSV Asset Management grew its stake in Retail Properties of America by 81.8% during the second quarter. LSV Asset Management now owns 1,599,700 shares of the real estate investment trust’s stock valued at $19,532,000 after acquiring an additional 719,900 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. grew its stake in Retail Properties of America by 1,668.7% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 651,843 shares of the real estate investment trust’s stock valued at $7,959,000 after acquiring an additional 614,988 shares in the last quarter. 79.14% of the stock is owned by hedge funds and other institutional investors.

Retail Properties of America Inc (NYSE RPAI) traded up $0.04 during mid-day trading on Friday, reaching $12.82. 887,800 shares of the company’s stock traded hands, compared to its average volume of 1,766,314. Retail Properties of America Inc has a fifty-two week low of $11.61 and a fifty-two week high of $15.81. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $2,902.34, a price-to-earnings ratio of 12.06 and a beta of 0.50.

Retail Properties of America (NYSE:RPAI) last released its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.25 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.25. Retail Properties of America had a net margin of 28.84% and a return on equity of 7.61%. The business had revenue of $130.52 million during the quarter, compared to analyst estimates of $132.45 million. During the same quarter last year, the business earned $0.27 earnings per share. Retail Properties of America’s quarterly revenue was down 9.7% compared to the same quarter last year. research analysts anticipate that Retail Properties of America Inc will post 1.05 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Wednesday, December 27th will be given a dividend of $0.1656 per share. The ex-dividend date of this dividend is Friday, December 22nd. This represents a $0.66 annualized dividend and a yield of 5.17%. Retail Properties of America’s dividend payout ratio (DPR) is currently 101.54%.

RPAI has been the subject of several research analyst reports. KeyCorp reaffirmed a “hold” rating on shares of Retail Properties of America in a research note on Friday, August 25th. Jefferies Group reaffirmed a “hold” rating and set a $13.00 target price on shares of Retail Properties of America in a research note on Tuesday, August 29th. Zacks Investment Research raised shares of Retail Properties of America from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Thursday, August 31st. BidaskClub upgraded shares of Retail Properties of America from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 9th. Finally, Robert W. Baird reiterated a “buy” rating and set a $18.00 price objective on shares of Retail Properties of America in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. Retail Properties of America presently has a consensus rating of “Hold” and a consensus target price of $16.00.

WARNING: This story was reported by Watch List News and is owned by of Watch List News. If you are reading this story on another website, it was copied illegally and reposted in violation of US and international copyright & trademark legislation. The original version of this story can be accessed at https://www.watchlistnews.com/skandinaviska-enskilda-banken-ab-publ-has-1-42-million-stake-in-retail-properties-of-america-inc-rpai/1751951.html.

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.

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.