Cbre Clarion Securities LLC lowered its stake in Retail Properties of America Inc (NYSE:RPAI) by 9.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,756,070 shares of the real estate investment trust’s stock after selling 372,430 shares during the period. Cbre Clarion Securities LLC’s holdings in Retail Properties of America were worth $19,419,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RPAI. Federated Hermes Inc. purchased a new position in Retail Properties of America during the 1st quarter valued at about $40,000. Pictet Asset Management Ltd. increased its holdings in Retail Properties of America by 35.3% during the 1st quarter. Pictet Asset Management Ltd. now owns 62,500 shares of the real estate investment trust’s stock valued at $323,000 after purchasing an additional 16,300 shares during the period. Toronto Dominion Bank boosted its position in Retail Properties of America by 189,530.0% during the 1st quarter. Toronto Dominion Bank now owns 56,889 shares of the real estate investment trust’s stock valued at $294,000 after acquiring an additional 56,859 shares in the last quarter. Lido Advisors LLC bought a new stake in Retail Properties of America during the 1st quarter valued at approximately $63,000. Finally, US Bancorp DE boosted its position in Retail Properties of America by 6,452.6% during the 1st quarter. US Bancorp DE now owns 61,791 shares of the real estate investment trust’s stock valued at $319,000 after acquiring an additional 60,848 shares in the last quarter. Hedge funds and other institutional investors own 82.65% of the company’s stock.

A number of brokerages have recently commented on RPAI. KeyCorp dropped their price target on Retail Properties of America from $15.00 to $9.00 and set an “overweight” rating on the stock in a research report on Friday, April 3rd. Deutsche Bank decreased their target price on shares of Retail Properties of America from $16.00 to $10.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Compass Point lowered shares of Retail Properties of America from a “neutral” rating to a “sell” rating and set a $10.00 target price for the company. in a research note on Tuesday, March 3rd. Robert W. Baird reiterated a “buy” rating and set a $16.00 target price on shares of Retail Properties of America in a research note on Monday, March 2nd. Finally, Citigroup lowered shares of Retail Properties of America from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 7th. Four equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $11.00.

Shares of NYSE:RPAI traded up $0.58 during midday trading on Wednesday, hitting $6.80. The company had a trading volume of 126,060 shares, compared to its average volume of 2,490,954. The company has a debt-to-equity ratio of 1.59, a current ratio of 9.77 and a quick ratio of 9.77. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 41.47 and a beta of 1.32. Retail Properties of America Inc has a 12-month low of $2.87 and a 12-month high of $14.30. The company has a fifty day moving average of $5.17 and a two-hundred day moving average of $9.75.

Retail Properties of America (NYSE:RPAI) last posted its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.08 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.18). The company had revenue of $118.70 million during the quarter, compared to analysts’ expectations of $120.52 million. Retail Properties of America had a return on equity of 2.14% and a net margin of 6.60%. Research analysts expect that Retail Properties of America Inc will post 0.96 earnings per share for the current fiscal year.

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

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