Dupont Capital Management Corp Invests $769,000 in Retail Properties of America Inc (RPAI)

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Dupont Capital Management Corp acquired a new stake in shares of Retail Properties of America Inc (NYSE:RPAI) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 70,844 shares of the real estate investment trust’s stock, valued at approximately $769,000.

A number of other large investors have also modified their holdings of the stock. BlackRock Inc. increased its holdings in shares of Retail Properties of America by 1.7% during the 3rd quarter. BlackRock Inc. now owns 16,560,214 shares of the real estate investment trust’s stock valued at $201,868,000 after purchasing an additional 277,738 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Retail Properties of America by 7.6% during the 3rd quarter. Franklin Resources Inc. now owns 6,263,687 shares of the real estate investment trust’s stock valued at $76,354,000 after acquiring an additional 444,800 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Retail Properties of America by 20.4% during the 3rd quarter. Renaissance Technologies LLC now owns 4,966,055 shares of the real estate investment trust’s stock valued at $60,536,000 after acquiring an additional 841,200 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Retail Properties of America by 58.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,587,848 shares of the real estate investment trust’s stock valued at $55,926,000 after acquiring an additional 1,687,591 shares during the last quarter. Finally, Resolution Capital Ltd lifted its position in Retail Properties of America by 9.3% in the fourth quarter. Resolution Capital Ltd now owns 3,999,193 shares of the real estate investment trust’s stock valued at $43,391,000 after buying an additional 338,909 shares during the last quarter. Institutional investors own 85.95% of the company’s stock.

Shares of NYSE:RPAI opened at $12.82 on Thursday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.86. Retail Properties of America Inc has a 12-month low of $10.57 and a 12-month high of $13.40. The stock has a market capitalization of $2.84 billion, a price-to-earnings ratio of 12.09 and a beta of 0.61.

Retail Properties of America (NYSE:RPAI) last released its quarterly earnings data on Tuesday, February 12th. The real estate investment trust reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.01. The business had revenue of $119.30 million for the quarter, compared to analyst estimates of $119.77 million. Retail Properties of America had a return on equity of 9.39% and a net margin of 35.82%. The company’s revenue was down 5.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.25 EPS. Sell-side analysts expect that Retail Properties of America Inc will post 1.02 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 10th. Shareholders of record on Wednesday, March 27th will be issued a dividend of $0.1656 per share. The ex-dividend date is Tuesday, March 26th. This represents a $0.66 annualized dividend and a yield of 5.17%. Retail Properties of America’s dividend payout ratio is presently 62.26%.

A number of analysts have issued reports on the stock. Zacks Investment Research lowered shares of Retail Properties of America from a “hold” rating to a “sell” rating in a research note on Friday, January 11th. KeyCorp set a $15.00 target price on shares of Retail Properties of America and gave the stock a “buy” rating in a research note on Thursday, December 20th. ValuEngine upgraded shares of Retail Properties of America from a “sell” rating to a “hold” rating in a research note on Friday, October 26th. Finally, Citigroup set a $15.00 price objective on Retail Properties of America and gave the company a “buy” rating in a report on Tuesday, November 20th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Retail Properties of America currently has a consensus rating of “Buy” and a consensus price target of $14.50.

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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 September 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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