Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Retail Properties of America, Inc. (NYSE:RPAI) by 121.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 145,852 shares of the real estate investment trust’s stock after acquiring an additional 80,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.07% of Retail Properties of America worth $847,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Retail Properties of America by 25.1% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 45,400 shares of the real estate investment trust’s stock valued at $332,000 after buying an additional 9,100 shares during the last quarter. Raymond James Financial Services Advisors Inc. purchased a new stake in Retail Properties of America during the 2nd quarter valued at $322,000. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Retail Properties of America by 1,020.5% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,396,663 shares of the real estate investment trust’s stock worth $39,504,000 after acquiring an additional 4,915,028 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Retail Properties of America by 12.4% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 63,234 shares of the real estate investment trust’s stock valued at $463,000 after acquiring an additional 6,998 shares during the period. Finally, Swiss National Bank raised its position in Retail Properties of America by 15.3% during the 2nd quarter. Swiss National Bank now owns 477,574 shares of the real estate investment trust’s stock valued at $3,496,000 after purchasing an additional 63,200 shares during the last quarter. 97.09% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:RPAI opened at $8.06 on Friday. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 806.00 and a beta of 1.27. Retail Properties of America, Inc. has a 12 month low of $2.87 and a 12 month high of $14.30. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 1.09. The company has a 50-day moving average price of $6.14 and a 200 day moving average price of $6.25.

Retail Properties of America (NYSE:RPAI) last posted its quarterly earnings data on Monday, November 2nd. The real estate investment trust reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). Retail Properties of America had a return on equity of 0.42% and a net margin of 0.66%. As a group, equities analysts forecast that Retail Properties of America, Inc. will post 0.86 EPS for the current year.

In other Retail Properties of America news, Director Gerald M. Gorski sold 22,171 shares of the firm’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $6.52, for a total value of $144,554.92. Following the completion of the sale, the director now owns 64,322 shares of the company’s stock, valued at $419,379.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.78% of the stock is currently owned by insiders.

Several analysts have weighed in on RPAI shares. Zacks Investment Research cut Retail Properties of America from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Deutsche Bank Aktiengesellschaft cut shares of Retail Properties of America from a “buy” rating to a “hold” rating and dropped their target price for the company from $10.00 to $7.00 in a report on Monday, July 27th. Compass Point raised shares of Retail Properties of America from a “sell” rating to a “neutral” rating in a research report on Monday, November 9th. TheStreet downgraded shares of Retail Properties of America from a “c” rating to a “d” rating in a research note on Tuesday, August 4th. Finally, ValuEngine upgraded Retail Properties of America from a “strong sell” rating to a “sell” rating in a research note on Friday, November 13th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. Retail Properties of America currently has a consensus rating of “Hold” and a consensus target price of $9.50.

About Retail Properties of America

Retail Properties of America, Inc is a REIT that owns and operates high quality, strategically located open-air shopping centers, including properties with a mixed-use component. As of September 30, 2020, the Company owned 102 retail operating properties in the United States representing 20.0 million square feet.

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

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