Prudential Financial Inc. increased its stake in Retail Properties of America, Inc. (NYSE:RPAI) by 9.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,774,697 shares of the real estate investment trust’s stock after buying an additional 411,257 shares during the period. Prudential Financial Inc. owned about 2.04% of Retail Properties of America worth $58,299,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Teachers Advisors LLC increased its stake in 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 during the period. Bank of Montreal Can increased its stake in 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 during the period. Nationwide Fund Advisors bought a new stake in Retail Properties of America during the first quarter valued at approximately $162,000. First Quadrant L P CA increased its stake in Retail Properties of America by 1,314.4% in the first quarter. First Quadrant L P CA now owns 230,566 shares of the real estate investment trust’s stock valued at $3,325,000 after buying an additional 214,265 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in Retail Properties of America by 14.5% in the first quarter. Russell Investments Group Ltd. now owns 1,397,066 shares of the real estate investment trust’s stock valued at $20,132,000 after buying an additional 176,567 shares during the period. 78.99% of the stock is currently owned by institutional investors and hedge funds.

Retail Properties of America, Inc. (RPAI) opened at 13.07 on Tuesday. The stock has a market cap of $3.01 billion, a PE ratio of 16.54 and a beta of 0.47. The stock has a 50 day moving average price of $13.03 and a 200 day moving average price of $13.53. Retail Properties of America, Inc. has a 1-year low of $11.61 and a 1-year high of $17.57.

Retail Properties of America (NYSE:RPAI) last released its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $137.34 million during the quarter, compared to the consensus estimate of $135.81 million. During the same quarter in the prior year, the firm posted $0.31 earnings per share. Retail Properties of America’s revenue for the quarter was down 6.7% on a year-over-year basis. On average, analysts predict that Retail Properties of America, Inc. will post $0.08 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Tuesday, September 26th will be paid a $0.1656 dividend. The ex-dividend date of this dividend is Monday, September 25th. This represents a $0.66 annualized dividend and a yield of 5.07%. Retail Properties of America’s dividend payout ratio is presently 82.50%.

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RPAI has been the topic of several analyst reports. Zacks Investment Research downgraded Retail Properties of America from a “hold” rating to a “sell” rating in a report on Wednesday, May 3rd. ValuEngine downgraded Retail Properties of America from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Jefferies Group LLC boosted their target price on Retail Properties of America to $16.00 and gave the stock a “hold” rating in a report on Monday, June 5th. Citigroup Inc. reissued a “buy” rating and issued a $16.00 target price (down from $18.00) on shares of Retail Properties of America in a report on Tuesday, June 6th. Finally, BidaskClub raised Retail Properties of America from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $16.08.

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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