BT Investment Management Ltd Takes $2.34 Million Position in Retail Properties of America, Inc. (RPAI)

BT Investment Management Ltd bought a new stake in Retail Properties of America, Inc. (NYSE:RPAI) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 191,300 shares of the real estate investment trust’s stock, valued at approximately $2,336,000. BT Investment Management Ltd owned approximately 0.08% of Retail Properties of America at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MAI Capital Management boosted its stake in shares of Retail Properties of America by 0.3% during the 2nd quarter. MAI Capital Management now owns 27,904 shares of the real estate investment trust’s stock worth $341,000 after acquiring an additional 80 shares in the last quarter. GAM Holding AG boosted its stake in shares of Retail Properties of America by 0.5% during the 2nd quarter. GAM Holding AG now owns 20,117 shares of the real estate investment trust’s stock worth $246,000 after acquiring an additional 110 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Retail Properties of America by 3.5% during the 2nd quarter. SG Americas Securities LLC now owns 13,214 shares of the real estate investment trust’s stock worth $161,000 after acquiring an additional 444 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Retail Properties of America by 1.4% during the 1st quarter. Principal Financial Group Inc. now owns 40,759 shares of the real estate investment trust’s stock worth $588,000 after acquiring an additional 553 shares in the last quarter. Finally, Utah Retirement Systems boosted its stake in shares of Retail Properties of America by 1.2% during the 2nd quarter. Utah Retirement Systems now owns 62,292 shares of the real estate investment trust’s stock worth $761,000 after acquiring an additional 709 shares in the last quarter. Hedge funds and other institutional investors own 78.93% of the company’s stock.

Several research firms have recently issued reports on RPAI. Citigroup Inc. reiterated a “buy” rating and set a $15.00 price target (down previously from $16.00) on shares of Retail Properties of America in a research note on Monday, July 10th. ValuEngine downgraded Retail Properties of America from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub upgraded Retail Properties of America from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 9th. Zacks Investment Research downgraded Retail Properties of America from a “buy” rating to a “hold” rating in a research note on Saturday, September 2nd. Finally, Jefferies Group LLC upped their price target on Retail Properties of America to $16.00 and gave the stock a “hold” rating in a research note on Monday, June 5th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Retail Properties of America currently has a consensus rating of “Hold” and an average target price of $15.75.

In other news, Director Gerald M. Gorski sold 4,790 shares of the firm’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $13.59, for a total value of $65,096.10. Following the completion of the transaction, the director now owns 46,907 shares in the company, valued at approximately $637,466.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.40% of the stock is owned by company insiders.

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Shares of Retail Properties of America, Inc. (RPAI) opened at 13.43 on Tuesday. Retail Properties of America, Inc. has a 1-year low of $11.61 and a 1-year high of $17.35. The stock’s 50 day moving average price is $13.35 and its 200 day moving average price is $13.30. The company has a market cap of $3.09 billion, a P/E ratio of 17.00 and a beta of 0.44.

Retail Properties of America (NYSE:RPAI) last announced its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.01. The company had revenue of $137.34 million during the quarter, compared to analysts’ expectations of $135.81 million. Retail Properties of America had a return on equity of 9.20% and a net margin of 34.57%. Retail Properties of America’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.31 EPS. Equities research analysts forecast that Retail Properties of America, Inc. will post $0.53 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Stockholders of record on Tuesday, September 26th will be issued a $0.1656 dividend. This represents a $0.66 annualized dividend and a dividend yield of 4.93%. The ex-dividend date is Monday, September 25th. Retail Properties of America’s payout ratio is 82.50%.

Retail Properties of America 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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