Squarepoint Ops LLC cut its stake in Retail Properties of America Inc (NYSE:RPAI) by 34.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 194,496 shares of the real estate investment trust’s stock after selling 102,011 shares during the period. Squarepoint Ops LLC owned 0.09% of Retail Properties of America worth $2,396,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. LSV Asset Management increased its stake in Retail Properties of America by 9.3% during the second quarter. LSV Asset Management now owns 2,119,800 shares of the real estate investment trust’s stock valued at $24,928,000 after purchasing an additional 180,000 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its stake in Retail Properties of America by 11.8% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 342,720 shares of the real estate investment trust’s stock valued at $4,030,000 after purchasing an additional 36,100 shares during the last quarter. Northern Trust Corp grew its position in shares of Retail Properties of America by 0.8% during the second quarter. Northern Trust Corp now owns 2,273,038 shares of the real estate investment trust’s stock worth $26,730,000 after acquiring an additional 18,417 shares during the last quarter. Bank of Hawaii grew its position in shares of Retail Properties of America by 56.8% during the third quarter. Bank of Hawaii now owns 33,145 shares of the real estate investment trust’s stock worth $408,000 after acquiring an additional 12,000 shares during the last quarter. Finally, Veritable L.P. grew its position in shares of Retail Properties of America by 22.2% during the second quarter. Veritable L.P. now owns 33,794 shares of the real estate investment trust’s stock worth $397,000 after acquiring an additional 6,130 shares during the last quarter. 84.30% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have recently commented on RPAI. ValuEngine upgraded shares of Retail Properties of America from a “strong sell” rating to a “sell” rating in a research report on Friday, October 25th. Zacks Investment Research lowered shares of Retail Properties of America from a “buy” rating to a “hold” rating in a research report on Wednesday, December 25th.
RPAI traded up $0.06 on Monday, reaching $13.32. The company had a trading volume of 1,919,468 shares, compared to its average volume of 1,530,145. The company has a fifty day moving average of $13.65 and a 200-day moving average of $12.53. The company has a market capitalization of $2.83 billion, a P/E ratio of 12.93, a PEG ratio of 8.98 and a beta of 0.53. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.05. Retail Properties of America Inc has a one year low of $10.57 and a one year high of $14.30.
Retail Properties of America (NYSE:RPAI) last announced its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.01. The firm had revenue of $119.71 million during the quarter, compared to analyst estimates of $118.71 million. Retail Properties of America had a net margin of 5.91% and a return on equity of 2.17%. Retail Properties of America’s revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.25 EPS. Research analysts predict that Retail Properties of America Inc will post 1.05 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Thursday, December 26th will be given a $0.166 dividend. The ex-dividend date is Tuesday, December 24th. This represents a $0.66 dividend on an annualized basis and a yield of 4.98%. Retail Properties of America’s dividend payout ratio is presently 64.08%.
Retail Properties of America Company Profile
Retail Properties of America, Inc is a REIT that owns and operates high quality, strategically located open-air shopping centers, including properties with a mixed-use component. As of December 31, 2018, the Company owned 105 retail operating properties in the United States representing 20.1 million square feet.
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