HRT Financial LLC Invests $271,000 in Retail Properties of America Inc (RPAI)

HRT Financial LLC acquired a new stake in shares of Retail Properties of America Inc (NYSE:RPAI) in the second quarter, HoldingsChannel reports. The firm acquired 21,246 shares of the real estate investment trust’s stock, valued at approximately $271,000.

Other institutional investors have also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. increased its position in Retail Properties of America by 7.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 5,222,590 shares of the real estate investment trust’s stock valued at $66,745,000 after acquiring an additional 355,986 shares during the last quarter. UBS Group AG increased its position in Retail Properties of America by 1,092.2% during the first quarter. UBS Group AG now owns 429,798 shares of the real estate investment trust’s stock valued at $5,012,000 after acquiring an additional 393,746 shares during the last quarter. ARP Americas LP purchased a new stake in Retail Properties of America during the second quarter valued at $206,000. Northern Trust Corp grew its holdings in Retail Properties of America by 9.9% during the first quarter. Northern Trust Corp now owns 2,539,812 shares of the real estate investment trust’s stock valued at $29,614,000 after purchasing an additional 229,672 shares during the period. Finally, Point72 Hong Kong Ltd grew its holdings in Retail Properties of America by 707.7% during the second quarter. Point72 Hong Kong Ltd now owns 19,377 shares of the real estate investment trust’s stock valued at $248,000 after purchasing an additional 16,978 shares during the period. Institutional investors own 82.01% of the company’s stock.

Several analysts have issued reports on the company. Deutsche Bank raised Retail Properties of America from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a report on Tuesday, August 28th. Zacks Investment Research raised Retail Properties of America from a “sell” rating to a “hold” rating in a report on Friday, August 17th. Jefferies Financial Group set a $13.00 price target on Retail Properties of America and gave the company a “hold” rating in a report on Tuesday, July 17th. ValuEngine lowered Retail Properties of America from a “hold” rating to a “sell” rating in a report on Monday, July 16th. Finally, JPMorgan Chase & Co. lowered Retail Properties of America from an “overweight” rating to a “neutral” rating in a report on Friday, June 15th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $15.31.

NYSE:RPAI opened at $12.75 on Friday. Retail Properties of America Inc has a 52-week low of $10.84 and a 52-week high of $13.71. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market cap of $2.82 billion, a price-to-earnings ratio of 12.70 and a beta of 0.26.

Retail Properties of America (NYSE:RPAI) last released its quarterly earnings results on Tuesday, July 31st. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.20). Retail Properties of America had a net margin of 39.61% and a return on equity of 10.31%. The company had revenue of $119.16 million for the quarter, compared to the consensus estimate of $120.92 million. equities research analysts predict that Retail Properties of America Inc will post 1.01 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 10th. Stockholders of record on Tuesday, September 25th will be paid a $0.166 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.21%. The ex-dividend date is Monday, September 24th. Retail Properties of America’s dividend payout ratio (DPR) is 62.26%.

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 June 30, 2018, the Company owned 105 retail operating properties in the United States representing 19.5 million square feet.

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

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