Sigma Planning Corp Purchases New Shares in Retail Properties of America Inc (NYSE:RPAI)

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Sigma Planning Corp purchased a new stake in shares of Retail Properties of America Inc (NYSE:RPAI) in the fourth quarter, Holdings Channel.com reports. The fund purchased 12,249 shares of the real estate investment trust’s stock, valued at approximately $164,000.

A number of other hedge funds have also added to or reduced their stakes in RPAI. Marshall Wace North America L.P. acquired a new stake in Retail Properties of America during the 1st quarter valued at $33,000. Atria Investments LLC acquired a new stake in Retail Properties of America during the 2nd quarter valued at $121,000. Fox Run Management L.L.C. increased its holdings in Retail Properties of America by 23.6% during the 3rd quarter. Fox Run Management L.L.C. now owns 14,705 shares of the real estate investment trust’s stock valued at $181,000 after purchasing an additional 2,811 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Retail Properties of America by 93.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 54,408 shares of the real estate investment trust’s stock valued at $670,000 after buying an additional 26,211 shares during the period. Finally, Zeke Capital Advisors LLC increased its stake in shares of Retail Properties of America by 23.8% in the 3rd quarter. Zeke Capital Advisors LLC now owns 30,175 shares of the real estate investment trust’s stock valued at $372,000 after buying an additional 5,797 shares during the period. 84.84% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently commented on RPAI. Zacks Investment Research raised Retail Properties of America from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Wednesday, January 8th. ValuEngine raised Retail Properties of America from a “sell” rating to a “hold” rating in a research note on Wednesday, January 29th.

Shares of NYSE RPAI traded up $0.10 during midday trading on Friday, hitting $12.53. The stock had a trading volume of 245,177 shares, compared to its average volume of 1,661,357. The company’s 50-day simple moving average is $12.85 and its 200 day simple moving average is $12.73. The firm has a market cap of $2.69 billion, a P/E ratio of 89.46 and a beta of 0.58. Retail Properties of America Inc has a fifty-two week low of $11.12 and a fifty-two week high of $14.30. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.89 and a quick ratio of 0.89.

Retail Properties of America 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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Institutional Ownership by Quarter for Retail Properties of America (NYSE:RPAI)

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