Retail Properties of America, Inc. (RPAI) Shares Bought by Citigroup Inc.

Citigroup Inc. lifted its holdings in Retail Properties of America, Inc. (NYSE:RPAI) by 35.1% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,402,156 shares of the real estate investment trust’s stock after buying an additional 364,597 shares during the period. Citigroup Inc. owned approximately 0.60% of Retail Properties of America worth $17,120,000 at the end of the most recent reporting period.

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

A number of equities analysts have recently weighed in on RPAI shares. BidaskClub upgraded Retail Properties of America from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Jefferies Group LLC boosted their target price on Retail Properties of America to $16.00 and gave the stock a “hold” rating in a research note on Monday, June 5th. ValuEngine downgraded Retail Properties of America from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Citigroup Inc. restated a “buy” rating and issued a $15.00 target price (down previously from $16.00) on shares of Retail Properties of America in a research note on Monday, July 10th. Finally, Zacks Investment Research upgraded Retail Properties of America from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Thursday, August 31st. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $15.75.

In related news, Director Gerald M. Gorski sold 4,790 shares of the firm’s 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 sale, the director now owns 46,907 shares in the company, valued at $637,466.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.40% of the company’s stock.

Retail Properties of America, Inc. (NYSE:RPAI) traded down 0.60% during trading on Wednesday, reaching $13.16. The company had a trading volume of 157,010 shares. The firm has a market capitalization of $3.03 billion, a PE ratio of 16.66 and a beta of 0.44. The firm’s 50 day moving average price is $13.35 and its 200 day moving average price is $13.29. Retail Properties of America, Inc. has a 12-month low of $11.61 and a 12-month high of $17.35.

Retail Properties of America (NYSE:RPAI) last issued its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 company had revenue of $137.34 million for the quarter, compared to analysts’ expectations of $135.81 million. During the same quarter last year, the company posted $0.31 earnings per share. The firm’s quarterly revenue was down 6.7% on a year-over-year basis. Equities research analysts forecast that Retail Properties of America, Inc. will post $0.53 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 10th. Investors of record on Tuesday, September 26th will be issued a $0.1656 dividend. This represents a $0.66 annualized dividend and a yield of 5.00%. The ex-dividend date of this dividend is Monday, September 25th. Retail Properties of America’s dividend payout ratio is currently 82.50%.

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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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