Forsta AP Fonden boosted its stake in Retail Properties of America, Inc. (NYSE:RPAI) by 194.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 100,000 shares of the real estate investment trust’s stock after buying an additional 66,000 shares during the period. Forsta AP Fonden’s holdings in Retail Properties of America were worth $1,221,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Metropolitan Life Insurance Co. NY increased its stake in shares of 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 in the last quarter. Norges Bank acquired a new stake in shares of Retail Properties of America during the fourth quarter valued at about $32,068,000. Quadrature Capital Ltd acquired a new stake in shares of Retail Properties of America during the fourth quarter valued at about $648,000. Teachers Advisors LLC increased its stake in shares of Retail Properties of America by 38.1% in the fourth quarter. Teachers Advisors LLC now owns 322,089 shares of the real estate investment trust’s stock valued at $4,938,000 after buying an additional 88,836 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in shares of Retail Properties of America by 9.6% in the first quarter. Bank of Montreal Can now owns 34,182 shares of the real estate investment trust’s stock valued at $493,000 after buying an additional 3,000 shares in the last quarter. Institutional investors own 77.59% of the company’s stock.

Retail Properties of America, Inc. (RPAI) opened at 13.45 on Monday. The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of 17.03 and a beta of 0.47. Retail Properties of America, Inc. has a 52 week low of $11.61 and a 52 week high of $17.59. The company has a 50-day moving average of $12.55 and a 200-day moving average of $13.72.

Retail Properties of America (NYSE:RPAI) last posted its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. Retail Properties of America had a net margin of 34.57% and a return on equity of 9.20%. The firm had revenue of $137.34 million during the quarter, compared to analyst estimates of $135.81 million. During the same period last year, the firm posted $0.31 earnings per share. Retail Properties of America’s revenue for the quarter was down 6.7% compared to the same quarter last year. On average, equities analysts forecast that Retail Properties of America, Inc. will post $0.08 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 10th. Investors of record on Tuesday, September 26th will be issued a $0.1656 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 4.93%. The ex-dividend date of this dividend is Monday, September 25th. Retail Properties of America’s dividend payout ratio (DPR) is presently 82.50%.

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A number of research firms recently weighed in on RPAI. Citigroup Inc. restated a “buy” rating and set a $15.00 price target (down previously from $16.00) on shares of Retail Properties of America in a research note on Monday, July 10th. Zacks Investment Research cut shares of Retail Properties of America from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. BidaskClub upgraded shares of Retail Properties of America from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Jefferies Group LLC lifted their target price on shares of Retail Properties of America to $16.00 and gave the company a “hold” rating in a research note on Monday, June 5th. Finally, ValuEngine cut shares of Retail Properties of America from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. Retail Properties of America currently has an average rating of “Hold” and an average target price of $16.08.

In other news, COO Shane C. Garrison acquired 2,050 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The stock was purchased at an average cost of $12.67 per share, for a total transaction of $25,973.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard P. Imperiale bought 4,500 shares of Retail Properties of America stock in a transaction on Tuesday, May 16th. The stock was purchased at an average price of $12.61 per share, with a total value of $56,745.00. Following the completion of the acquisition, the director now directly owns 37,602 shares of the company’s stock, valued at approximately $474,161.22. The disclosure for this purchase can be found here. Insiders have acquired 10,450 shares of company stock valued at $132,717 over the last ninety days. 0.40% of the stock is owned by insiders.

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.

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

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