Retail Properties of America, Inc. (RPAI) Shares Bought by Sigma Planning Corp

Sigma Planning Corp grew its position in Retail Properties of America, Inc. (NYSE:RPAI) by 99.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,695 shares of the real estate investment trust’s stock after acquiring an additional 15,329 shares during the period. Sigma Planning Corp’s holdings in Retail Properties of America were worth $403,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. State Street Corp raised its position in Retail Properties of America by 1.0% in the 2nd quarter. State Street Corp now owns 7,679,197 shares of the real estate investment trust’s stock worth $93,762,000 after purchasing an additional 73,268 shares during the last quarter. AEW Capital Management L P raised 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 last quarter. Prudential Financial Inc. raised 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 last quarter. Schwab Charles Investment Management Inc. raised 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 last quarter. Finally, Dimensional Fund Advisors LP raised 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 last quarter. Institutional investors own 78.80% of the company’s stock.

Retail Properties of America, Inc. (RPAI) traded up $0.07 during trading on Friday, hitting $12.98. 2,714,500 shares of the stock were exchanged, compared to its average volume of 1,758,983. Retail Properties of America, Inc. has a one year low of $11.61 and a one year high of $15.81. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market cap of $2,931.86, a P/E ratio of 12.18 and a beta of 0.48.

Retail Properties of America (NYSE:RPAI) last issued its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.25. The company had revenue of $130.52 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was down 9.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.27 EPS. analysts expect that Retail Properties of America, Inc. will post 1.04 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Wednesday, December 27th will be issued a $0.1656 dividend. The ex-dividend date of this dividend is Friday, December 22nd. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.10%. Retail Properties of America’s payout ratio is 101.54%.

Several analysts have commented on the stock. BidaskClub upgraded shares of Retail Properties of America from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 9th. Zacks Investment Research lowered shares of Retail Properties of America from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Boenning Scattergood reissued a “buy” rating and issued a $18.50 price target on shares of Retail Properties of America in a report on Thursday, November 2nd. Robert W. Baird reissued a “buy” rating and issued a $18.00 price target on shares of Retail Properties of America in a report on Wednesday, November 1st. Finally, KeyCorp reissued a “hold” rating on shares of Retail Properties of America in a report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. Retail Properties of America presently has a consensus rating of “Hold” and an average target price of $16.00.

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In other news, Director Gerald M. Gorski sold 4,790 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $637,466.13. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.41% of the stock is currently owned by corporate 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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