California Public Employees Retirement System Sells 26,260 Shares of Retail Properties of America Inc (RPAI)

California Public Employees Retirement System decreased its holdings in shares of Retail Properties of America Inc (NYSE:RPAI) by 5.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 467,896 shares of the real estate investment trust’s stock after selling 26,260 shares during the period. California Public Employees Retirement System owned approximately 0.22% of Retail Properties of America worth $5,077,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in RPAI. CWM LLC raised its holdings in Retail Properties of America by 68.8% during the fourth quarter. CWM LLC now owns 3,697 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 1,507 shares in the last quarter. We Are One Seven LLC purchased a new position in Retail Properties of America during the fourth quarter worth about $43,000. MML Investors Services LLC purchased a new position in Retail Properties of America during the third quarter worth about $129,000. Private Advisor Group LLC purchased a new position in Retail Properties of America during the third quarter worth about $138,000. Finally, Chicago Equity Partners LLC purchased a new position in Retail Properties of America during the fourth quarter worth about $133,000. Institutional investors and hedge funds own 82.73% of the company’s stock.

Shares of Retail Properties of America stock opened at $12.16 on Friday. Retail Properties of America Inc has a 12-month low of $10.57 and a 12-month high of $13.40. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.79 and a quick ratio of 0.79. The stock has a market capitalization of $2.60 billion, a price-to-earnings ratio of 11.81, a P/E/G ratio of 5.31 and a beta of 0.58.

Retail Properties of America (NYSE:RPAI) last issued its earnings results on Tuesday, February 12th. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.01. Retail Properties of America had a net margin of 16.09% and a return on equity of 4.24%. The company had revenue of $119.30 million during the quarter, compared to analysts’ expectations of $119.77 million. During the same period last year, the company posted $0.25 earnings per share. The firm’s quarterly revenue was down 5.7% compared to the same quarter last year. As a group, sell-side analysts predict that Retail Properties of America Inc will post 1.04 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 10th. Shareholders of record on Wednesday, March 27th will be issued a $0.1656 dividend. The ex-dividend date is Tuesday, March 26th. This represents a $0.66 dividend on an annualized basis and a yield of 5.45%. Retail Properties of America’s dividend payout ratio (DPR) is presently 64.08%.

RPAI has been the subject of several analyst reports. Zacks Investment Research raised shares of Retail Properties of America from a “sell” rating to a “hold” rating in a report on Saturday, November 17th. Citigroup set a $15.00 price target on shares of Retail Properties of America and gave the stock a “buy” rating in a report on Tuesday, November 20th. ValuEngine raised shares of Retail Properties of America from a “sell” rating to a “hold” rating in a report on Saturday, December 1st. Finally, KeyCorp set a $15.00 price target on shares of Retail Properties of America and gave the stock a “buy” rating in a report on Thursday, December 20th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $14.29.

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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.

Read More: What is the balance sheet?

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

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