Retail Properties of America, Inc. (NYSE:RPAI) COO Shane C. Garrison sold 1,000 shares of the stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $25.56, for a total transaction of $25,560.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shane C. Garrison also recently made the following trade(s):
- On Friday, May 19th, Shane C. Garrison bought 2,050 shares of Retail Properties of America stock. The stock was purchased at an average price of $12.67 per share, for a total transaction of $25,973.50.
Shares of Retail Properties of America, Inc. (NYSE:RPAI) opened at 12.24 on Friday. The firm has a market capitalization of $2.89 billion, a price-to-earnings ratio of 29.07 and a beta of 0.48. The company’s 50 day moving average is $12.74 and its 200-day moving average is $14.35. Retail Properties of America, Inc. has a one year low of $12.06 and a one year high of $17.78.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 10th. Investors of record on Monday, June 26th will be given a dividend of $0.1656 per share. The ex-dividend date of this dividend is Thursday, June 22nd. This represents a $0.66 annualized dividend and a yield of 5.41%. Retail Properties of America’s payout ratio is currently 153.49%.
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Several equities research analysts have weighed in on the stock. Jefferies Group LLC set a $16.00 target price on shares of Retail Properties of America and gave the stock a “hold” rating in a report on Saturday, March 25th. BidaskClub upgraded shares of Retail Properties of America from a “strong sell” rating to a “sell” rating in a report on Wednesday. Citigroup Inc. restated a “buy” rating and set a $16.00 price objective (down from $18.00) on shares of Retail Properties of America in a report on Tuesday, June 6th. ValuEngine lowered shares of Retail Properties of America from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research lowered shares of Retail Properties of America from a “buy” rating to a “hold” rating in a report on Thursday, February 23rd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $16.75.
A number of institutional investors have recently bought and sold shares of the stock. WFG Advisors LP raised its position in shares of Retail Properties of America by 118.2% in the fourth quarter. WFG Advisors LP now owns 7,573 shares of the real estate investment trust’s stock worth $471,000 after buying an additional 4,102 shares in the last quarter. Paragon Capital Management Ltd purchased a new position in Retail Properties of America during the first quarter worth approximately $155,000. Honkamp Krueger Financial Services Inc. ADV bought a new stake in shares of Retail Properties of America during the fourth quarter worth $166,000. AE Wealth Management LLC bought a new stake in shares of Retail Properties of America during the fourth quarter worth $167,000. Finally, Cigna Investments Inc. New bought a new stake in shares of Retail Properties of America during the fourth quarter worth $168,000. Institutional investors own 78.67% of the company’s stock.
About Retail Properties of America
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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