Virginia Retirement Systems ET AL Has $2.99 Million Holdings in Retail Properties of America Inc (NYSE:RPAI)

Virginia Retirement Systems ET AL increased its holdings in Retail Properties of America Inc (NYSE:RPAI) by 196.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 245,030 shares of the real estate investment trust’s stock after buying an additional 162,300 shares during the quarter. Virginia Retirement Systems ET AL owned 0.11% of Retail Properties of America worth $2,987,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bank of New York Mellon Corp raised its position in Retail Properties of America by 13.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,957,709 shares of the real estate investment trust’s stock worth $48,244,000 after purchasing an additional 476,791 shares during the last quarter. JPMorgan Chase & Co. raised its position in Retail Properties of America by 58.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,587,848 shares of the real estate investment trust’s stock worth $55,926,000 after purchasing an additional 1,687,591 shares during the last quarter. AQR Capital Management LLC raised its position in Retail Properties of America by 15.0% in the 3rd quarter. AQR Capital Management LLC now owns 385,391 shares of the real estate investment trust’s stock worth $4,698,000 after purchasing an additional 50,194 shares during the last quarter. Timbercreek Investment Management Inc. bought a new position in Retail Properties of America in the 4th quarter worth approximately $7,751,000. Finally, Resolution Capital Ltd raised its position in Retail Properties of America by 9.3% in the 4th quarter. Resolution Capital Ltd now owns 3,999,193 shares of the real estate investment trust’s stock worth $43,391,000 after purchasing an additional 338,909 shares during the last quarter. 82.33% of the stock is currently owned by institutional investors.

Separately, Zacks Investment Research cut shares of Retail Properties of America from a “buy” rating to a “hold” rating in a research report on Saturday. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $14.17.

Shares of Retail Properties of America stock traded down $0.07 on Wednesday, hitting $12.46. 601,732 shares of the company’s stock traded hands, compared to its average volume of 1,448,220. The stock has a market capitalization of $2.69 billion, a price-to-earnings ratio of 12.10, a PEG ratio of 3.64 and a beta of 0.57. Retail Properties of America Inc has a one year low of $10.57 and a one year high of $13.40. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.96 and a current ratio of 0.96.

Retail Properties of America (NYSE:RPAI) last issued its earnings results on Tuesday, April 30th. The real estate investment trust reported $0.11 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.15). The business had revenue of $122.70 million for the quarter, compared to the consensus estimate of $121.77 million. Retail Properties of America had a net margin of 12.30% and a return on equity of 3.30%. The business’s revenue was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.25 EPS. As a group, research analysts forecast that Retail Properties of America Inc will post 1.05 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Tuesday, June 25th will be given a dividend of $0.1656 per share. This represents a $0.66 annualized dividend and a dividend yield of 5.32%. The ex-dividend date is Monday, June 24th. Retail Properties of America’s payout ratio is 64.08%.

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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.

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

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