Los Angeles Capital Management & Equity Research Inc. trimmed its position in Retail Properties of America, Inc. (NYSE:RPAI) by 3.3% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 630,348 shares of the real estate investment trust’s stock after selling 21,495 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned about 0.27% of Retail Properties of America worth $8,276,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. State Street Corp grew its position in shares of Retail Properties of America by 1.0% during the 2nd quarter. State Street Corp now owns 7,679,197 shares of the real estate investment trust’s stock valued at $93,762,000 after acquiring an additional 73,268 shares during the period. AEW Capital Management L P grew its position in shares of Retail Properties of America by 1.3% during the 3rd quarter. AEW Capital Management L P now owns 6,265,793 shares of the real estate investment trust’s stock valued at $82,270,000 after acquiring an additional 78,700 shares during the period. Prudential Financial Inc. grew its position in shares of Retail Properties of America by 9.4% during the 2nd quarter. Prudential Financial Inc. now owns 4,774,697 shares of the real estate investment trust’s stock valued at $58,299,000 after acquiring an additional 411,257 shares during the period. Schwab Charles Investment Management Inc. grew its position in shares of Retail Properties of America by 2.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 4,738,162 shares of the real estate investment trust’s stock valued at $57,853,000 after acquiring an additional 122,879 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Retail Properties of America by 3.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,318,786 shares of the real estate investment trust’s stock valued at $40,524,000 after acquiring an additional 97,216 shares during the period. 78.80% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have recently weighed in on the stock. BidaskClub downgraded shares of Retail Properties of America from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 16th. Zacks Investment Research downgraded shares of Retail Properties of America from a “buy” rating to a “hold” rating in a research report on Saturday, September 2nd. KeyCorp reissued a “hold” rating on shares of Retail Properties of America in a research report on Friday, August 25th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $13.00 price objective on shares of Retail Properties of America in a report on Tuesday, August 29th. Finally, Boenning Scattergood reaffirmed a “buy” rating and issued a $18.50 price objective on shares of Retail Properties of America in a report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $16.00.

In other Retail Properties of America news, Director Gerald M. Gorski sold 4,790 shares of the stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $13.59, for a total value of $65,096.10. Following the sale, the director now directly owns 46,907 shares in the company, valued at approximately $637,466.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.41% of the stock is currently owned by company insiders.

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Retail Properties of America, Inc. (NYSE RPAI) opened at $13.07 on Friday. The company has a market cap of $2,968.20, a P/E ratio of 12.33 and a beta of 0.48. 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.

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, hitting the Thomson Reuters’ consensus estimate of $0.25. The company had revenue of $130.52 million during the quarter, compared to the consensus estimate of $132.45 million. Retail Properties of America had a net margin of 28.84% and a return on equity of 7.61%. Retail Properties of America’s revenue for the quarter was down 9.7% on a year-over-year basis. During the same period last year, the firm earned $0.27 EPS. analysts predict that Retail Properties of America, Inc. will post 1.04 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Wednesday, December 27th will be issued a $0.1656 dividend. This represents a $0.66 annualized dividend and a yield of 5.07%. The ex-dividend date is Friday, December 22nd. Retail Properties of America’s dividend payout ratio (DPR) is presently 101.54%.

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.

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

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