Bank of Montreal Can raised its stake in shares of Retail Properties of America Inc (NYSE:RPAI) by 3.8% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 321,370 shares of the real estate investment trust’s stock after buying an additional 11,800 shares during the period. Bank of Montreal Can owned about 0.15% of Retail Properties of America worth $4,107,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RPAI. Element Capital Management LLC purchased a new position in shares of Retail Properties of America in the 1st quarter valued at about $118,000. Assetmark Inc. increased its stake in shares of Retail Properties of America by 1,064.5% in the 1st quarter. Assetmark Inc. now owns 10,981 shares of the real estate investment trust’s stock valued at $128,000 after purchasing an additional 10,038 shares in the last quarter. Symons Capital Management Inc. purchased a new position in shares of Retail Properties of America in the 1st quarter valued at about $145,000. Campbell & CO Investment Adviser LLC purchased a new position in shares of Retail Properties of America in the 1st quarter valued at about $146,000. Finally, IBM Retirement Fund purchased a new position in shares of Retail Properties of America in the 1st quarter valued at about $164,000. Institutional investors and hedge funds own 81.54% of the company’s stock.

NYSE:RPAI opened at $12.49 on Tuesday. Retail Properties of America Inc has a 12 month low of $10.84 and a 12 month high of $13.78. The company has a quick ratio of 1.12, a current ratio of 1.02 and a debt-to-equity ratio of 0.82. The company has a market cap of $2.81 billion, a price-to-earnings ratio of 11.78 and a beta of 0.30.

Retail Properties of America (NYSE:RPAI) last posted its quarterly earnings data on Tuesday, July 31st. The real estate investment trust reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.20). Retail Properties of America had a return on equity of 10.31% and a net margin of 39.61%. The firm had revenue of $119.16 million for the quarter, compared to analysts’ expectations of $120.92 million. equities research analysts forecast that Retail Properties of America Inc will post 1.01 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 10th. Shareholders of record on Tuesday, September 25th will be paid a dividend of $0.166 per share. The ex-dividend date is Monday, September 24th. This represents a $0.66 annualized dividend and a yield of 5.32%. Retail Properties of America’s dividend payout ratio (DPR) is currently 62.26%.

Several brokerages recently weighed in on RPAI. ValuEngine lowered Retail Properties of America from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Jefferies Financial Group set a $13.00 price objective on Retail Properties of America and gave the stock a “hold” rating in a research note on Tuesday, July 17th. Zacks Investment Research lowered Retail Properties of America from a “hold” rating to a “sell” rating in a research note on Wednesday, July 18th. Boenning Scattergood set a $16.00 price objective on Retail Properties of America and gave the stock a “buy” rating in a research note on Thursday, May 3rd. Finally, JPMorgan Chase & Co. lowered Retail Properties of America from an “overweight” rating to a “neutral” rating in a research note on Friday, June 15th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $15.36.

Retail Properties of America Profile

Retail Properties of America, Inc is a REIT that owns and operates high quality, strategically located shopping centers in the United States. As of March 31, 2018, the Company owned 106 retail operating properties representing 19.5 million square feet. The Company is publicly traded on the New York Stock Exchange under the ticker symbol RPAI.

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

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