HighPoint Advisor Group LLC Continues to Hold Stake in Retail Properties of America, Inc. (RPAI)

HighPoint Advisor Group LLC held its stake in Retail Properties of America, Inc. (NYSE:RPAI) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,746 shares of the real estate investment trust’s stock at the end of the second quarter. HighPoint Advisor Group LLC’s holdings in Retail Properties of America were worth $579,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in RPAI. Profund Advisors LLC acquired a new position in Retail Properties of America during the second quarter worth approximately $143,000. Brookstone Capital Management acquired a new position in Retail Properties of America during the second quarter worth approximately $146,000. Laurion Capital Management LP acquired a new position in Retail Properties of America during the second quarter worth approximately $153,000. Comerica Bank acquired a new position in Retail Properties of America during the first quarter worth approximately $156,000. Finally, SG Americas Securities LLC increased its position in Retail Properties of America by 3.5% during the second quarter. SG Americas Securities LLC now owns 13,214 shares of the real estate investment trust’s stock worth $161,000 after buying an additional 444 shares during the last quarter. 78.91% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have weighed in on RPAI. BidaskClub downgraded 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 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 reissued a “hold” rating and set a $13.00 price target on shares of Retail Properties of America in a research report on Tuesday, August 29th. Finally, Citigroup Inc. reissued 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 report on Monday, July 10th. Five investment analysts have rated the stock with 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 a consensus price target of $15.10.

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In related news, Director Gerald M. Gorski sold 4,790 shares of Retail Properties of America 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 completion of the transaction, the director now directly owns 46,907 shares in the company, valued at approximately $637,466.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.41% of the stock is currently owned by insiders.

Retail Properties of America, Inc. (NYSE:RPAI) traded up 1.012% during trading on Friday, hitting $13.475. The stock had a trading volume of 379,921 shares. The firm has a market capitalization of $3.10 billion, a PE ratio of 17.057 and a beta of 0.44. The firm has a 50 day moving average price of $13.30 and a 200-day moving average price of $13.16. Retail Properties of America, Inc. has a 1-year low of $11.61 and a 1-year high of $16.17.

Retail Properties of America (NYSE:RPAI) last released its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. Retail Properties of America had a net margin of 34.57% and a return on equity of 9.20%. The business had revenue of $137.34 million during the quarter, compared to analyst estimates of $135.81 million. During the same period in the previous year, the business earned $0.31 EPS. Retail Properties of America’s revenue was down 6.7% compared to the same quarter last year. On average, equities research analysts expect that Retail Properties of America, Inc. will post $0.51 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 10th. Investors of record on Tuesday, September 26th were paid a $0.1656 dividend. The ex-dividend date of this dividend was Monday, September 25th. This represents a $0.66 dividend on an annualized basis and a yield of 4.97%. Retail Properties of America’s dividend payout ratio is 82.50%.

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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