Retail Properties of America Inc. (NYSE:RPAI) saw a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 761,533 shares, a decrease of 46.2% from the October 14th total of 1,416,389 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 1,641,130 shares, the short-interest ratio is presently 0.5 days.

A number of equities research analysts have issued reports on RPAI shares. Jefferies Group restated a “hold” rating on shares of Retail Properties of America in a report on Tuesday, August 23rd. Citigroup Inc. upped their price objective on shares of Retail Properties of America from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, August 11th. Boenning Scattergood raised shares of Retail Properties of America from a “neutral” rating to an “outperform” rating and set a $19.00 price objective for the company in a research report on Monday, October 3rd. Zacks Investment Research lowered shares of Retail Properties of America from a “buy” rating to a “hold” rating in a research report on Wednesday, October 26th. Finally, Deutsche Bank AG reaffirmed a “buy” rating on shares of Retail Properties of America in a research report on Friday, September 23rd. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $17.00.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Invictus RG purchased a new position in shares of Retail Properties of America during the first quarter worth approximately $124,000. HBK Investments L P increased its position in shares of Retail Properties of America by 171.4% in the first quarter. HBK Investments L P now owns 30,400 shares of the company’s stock worth $482,000 after buying an additional 19,200 shares during the period. Geode Capital Management LLC increased its position in shares of Retail Properties of America by 10.2% in the first quarter. Geode Capital Management LLC now owns 1,539,526 shares of the company’s stock worth $24,401,000 after buying an additional 142,349 shares during the period. State Street Corp increased its position in shares of Retail Properties of America by 1.7% in the first quarter. State Street Corp now owns 4,143,942 shares of the company’s stock worth $65,677,000 after buying an additional 71,259 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of Retail Properties of America by 230.3% in the first quarter. JPMorgan Chase & Co. now owns 223,269 shares of the company’s stock worth $3,539,000 after buying an additional 155,663 shares during the period. 80.50% of the stock is owned by institutional investors.

Retail Properties of America (NYSE:RPAI) opened at 15.11 on Wednesday. The firm has a market cap of $3.58 billion, a price-to-earnings ratio of 25.27 and a beta of 0.45. The company has a 50-day moving average of $15.71 and a 200 day moving average of $16.45. Retail Properties of America has a 52-week low of $14.02 and a 52-week high of $17.78.

Retail Properties of America (NYSE:RPAI) last announced its quarterly earnings data on Tuesday, November 1st. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. Retail Properties of America had a net margin of 25.71% and a return on equity of 7.01%. The company earned $144.53 million during the quarter, compared to the consensus estimate of $144.90 million. During the same quarter last year, the firm posted $0.27 EPS. The company’s quarterly revenue was down 4.3% on a year-over-year basis. On average, equities research analysts anticipate that Retail Properties of America will post $1.08 EPS for the current year.

Retail Properties of America Company Profile

Retail Properties of America, Inc, formerly Inland Western Retail Real Estate Trust, Inc, is a real estate investment trust (REIT). The Company owns and operates shopping centers in the United States. The Company’s retail operating portfolio includes power centers, neighborhood and community centers, and lifestyle centers and predominantly multi-tenant retail mixed-use properties, as well as single-user retail properties.

5 Day Chart for NYSE:RPAI

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