Westpac Banking Corp lifted its position in Retail Properties of America, Inc. (NYSE:RPAI) by 13.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 964,276 shares of the real estate investment trust’s stock after buying an additional 115,454 shares during the period. Westpac Banking Corp owned approximately 0.42% of Retail Properties of America worth $12,661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. raised its holdings in Retail Properties of America by 36.6% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 31,098 shares of the real estate investment trust’s stock worth $408,000 after purchasing an additional 8,324 shares during the period. Aperio Group LLC raised its holdings in Retail Properties of America by 56.6% in the 3rd quarter. Aperio Group LLC now owns 82,552 shares of the real estate investment trust’s stock worth $1,084,000 after purchasing an additional 29,820 shares during the period. Fox Run Management L.L.C. bought a new position in Retail Properties of America in the 3rd quarter worth $404,000. Quantitative Systematic Strategies LLC raised its holdings in Retail Properties of America by 983.6% in the 3rd quarter. Quantitative Systematic Strategies LLC now owns 184,696 shares of the real estate investment trust’s stock worth $2,425,000 after purchasing an additional 167,652 shares during the period. Finally, MPS Loria Financial Planners LLC bought a new position in Retail Properties of America in the 2nd quarter worth $249,000. Hedge funds and other institutional investors own 78.98% of the company’s stock.

A number of equities analysts recently commented on RPAI shares. Robert W. Baird reaffirmed a “buy” rating and issued a $18.00 target price on shares of Retail Properties of America in a report on Wednesday. Zacks Investment Research raised Retail Properties of America from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Wednesday, October 11th. BidaskClub cut Retail Properties of America from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 16th. Citigroup Inc. reissued a “buy” rating and set a $15.00 price target (down from $16.00) on shares of Retail Properties of America in a report on Monday, July 10th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $13.00 price target on shares of Retail Properties of America in a report on Tuesday, August 29th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $15.58.

In related news, Director Gerald M. Gorski sold 4,790 shares of the company’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $13.59, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.40% of the company’s stock.

Shares of Retail Properties of America, Inc. (RPAI) traded up 2.741% on Wednesday, hitting $12.555. The stock had a trading volume of 650,619 shares. The firm has a market cap of $2.89 billion, a P/E ratio of 15.892 and a beta of 0.44. Retail Properties of America, Inc. has a 12 month low of $11.61 and a 12 month high of $15.81. The firm’s 50-day moving average price is $13.09 and its 200 day moving average price is $13.00.

Retail Properties of America (NYSE:RPAI) last issued its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.25 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.25. The business had revenue of $130.52 million during the quarter, compared to the consensus estimate of $132.45 million. Retail Properties of America had a net margin of 34.57% and a return on equity of 9.20%. The company’s revenue was down 9.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.27 earnings per share. Analysts anticipate that Retail Properties of America, Inc. will post $0.51 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Wednesday, December 27th will be given a $0.1656 dividend. The ex-dividend date is Friday, December 22nd. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.42%. Retail Properties of America’s dividend payout ratio (DPR) is currently 82.50%.

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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.

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

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