Squarepoint Ops LLC Acquires New Stake in Retail Properties of America Inc (NYSE:RPAI)

Squarepoint Ops LLC bought a new position in shares of Retail Properties of America Inc (NYSE:RPAI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 95,100 shares of the real estate investment trust’s stock, valued at approximately $1,032,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. CWM LLC increased its position 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 acquiring an additional 1,507 shares during the period. We Are One Seven LLC bought a new position in Retail Properties of America in the 4th quarter valued at about $43,000. Pearl River Capital LLC bought a new position in Retail Properties of America in the 4th quarter valued at about $71,000. MML Investors Services LLC acquired a new stake in shares of Retail Properties of America in the 3rd quarter valued at approximately $129,000. Finally, Chicago Equity Partners LLC acquired a new stake in shares of Retail Properties of America in the 4th quarter valued at approximately $133,000. Institutional investors and hedge funds own 84.89% of the company’s stock.

Separately, Zacks Investment Research upgraded shares of Retail Properties of America from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Tuesday, April 2nd. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Retail Properties of America presently has a consensus rating of “Buy” and a consensus target price of $14.43.

Retail Properties of America stock opened at $12.38 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.79 and a quick ratio of 0.79. Retail Properties of America Inc has a 52-week low of $10.57 and a 52-week high of $13.40. The company has a market cap of $2.64 billion, a price-to-earnings ratio of 12.02, a PEG ratio of 3.49 and a beta of 0.57.

Retail Properties of America (NYSE:RPAI) last released its quarterly earnings results on Tuesday, February 12th. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.01. The firm had revenue of $119.30 million during the quarter, compared to analyst estimates of $119.77 million. Retail Properties of America had a net margin of 16.09% and a return on equity of 4.24%. The company’s revenue was down 5.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.25 EPS. Analysts forecast that Retail Properties of America Inc will post 1.05 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Tuesday, June 25th will be paid a $0.1656 dividend. The ex-dividend date is Monday, June 24th. This represents a $0.66 annualized dividend and a dividend yield of 5.35%. Retail Properties of America’s dividend payout ratio is currently 64.08%.

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About Retail Properties of America

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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