Cbre Clarion Securities LLC Sells 649,823 Shares of Retail Properties of America, Inc. (NYSE:RPAI)

Cbre Clarion Securities LLC lessened its stake in Retail Properties of America, Inc. (NYSE:RPAI) by 16.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,380,402 shares of the real estate investment trust’s stock after selling 649,823 shares during the quarter. Cbre Clarion Securities LLC owned approximately 1.57% of Retail Properties of America worth $35,427,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of RPAI. Marshall Wace North America L.P. bought a new stake in shares of Retail Properties of America in the 1st quarter worth approximately $33,000. AE Wealth Management LLC raised its holdings in Retail Properties of America by 11.5% during the 4th quarter. AE Wealth Management LLC now owns 35,763 shares of the real estate investment trust’s stock valued at $306,000 after acquiring an additional 3,698 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Retail Properties of America by 70.5% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,911 shares of the real estate investment trust’s stock valued at $153,000 after acquiring an additional 7,406 shares during the period. First Trust Advisors LP raised its holdings in Retail Properties of America by 1,116.5% during the 4th quarter. First Trust Advisors LP now owns 319,746 shares of the real estate investment trust’s stock valued at $2,737,000 after acquiring an additional 293,462 shares during the period. Finally, CIBC Asset Management Inc raised its holdings in Retail Properties of America by 28.9% during the 4th quarter. CIBC Asset Management Inc now owns 28,989 shares of the real estate investment trust’s stock valued at $248,000 after acquiring an additional 6,498 shares during the period. 89.96% of the stock is currently owned by institutional investors.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Retail Properties of America from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Friday, June 4th. Robert W. Baird reissued a “neutral” rating on shares of Retail Properties of America in a report on Monday, April 19th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Retail Properties of America from $12.00 to $14.00 and gave the company a “hold” rating in a report on Tuesday. Finally, KeyCorp restated a “sector weight” rating on shares of Retail Properties of America in a research report on Wednesday, March 10th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $10.00.

Shares of RPAI traded down $0.06 during mid-day trading on Friday, reaching $12.48. 10,491 shares of the stock traded hands, compared to its average volume of 1,331,820. The business has a fifty day simple moving average of $11.67. The firm has a market cap of $2.68 billion, a P/E ratio of -627.00 and a beta of 1.76. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.10. Retail Properties of America, Inc. has a 1 year low of $5.14 and a 1 year high of $12.79.

Retail Properties of America (NYSE:RPAI) last announced its earnings results on Tuesday, May 4th. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.18). Retail Properties of America had a negative return on equity of 0.19% and a negative net margin of 0.71%. Equities analysts anticipate that Retail Properties of America, Inc. will post 0.87 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 9th. Investors of record on Friday, June 25th will be given a $0.075 dividend. The ex-dividend date of this dividend is Thursday, June 24th. This is a positive change from Retail Properties of America’s previous quarterly dividend of $0.07. This represents a $0.30 annualized dividend and a yield of 2.40%. Retail Properties of America’s payout ratio is 33.33%.

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 September 30, 2020, the Company owned 102 retail operating properties in the United States representing 20.0 million square feet.

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

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