Retail Properties of America, Inc. (NYSE:RPAI) Director Gerald M. Gorski sold 4,790 shares of the firm’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $13.59, for a total transaction of $65,096.10. Following the transaction, the director now directly owns 46,907 shares in the company, valued at approximately $637,466.13. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of Retail Properties of America, Inc. (RPAI) traded down 0.81% on Friday, hitting $13.55. 749,760 shares of the stock were exchanged. The company’s 50 day moving average is $13.25 and its 200-day moving average is $13.42. The stock has a market cap of $3.12 billion, a PE ratio of 17.15 and a beta of 0.44. Retail Properties of America, Inc. has a 52-week low of $11.61 and a 52-week high of $17.35.

Retail Properties of America (NYSE:RPAI) last released its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.01. Retail Properties of America had a net margin of 34.57% and a return on equity of 9.20%. The firm had revenue of $137.34 million for the quarter, compared to analyst estimates of $135.81 million. During the same period in the prior year, the firm earned $0.31 earnings per share. The business’s quarterly revenue was down 6.7% compared to the same quarter last year. Analysts predict that Retail Properties of America, Inc. will post $0.53 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 10th. Investors of record on Tuesday, September 26th will be paid a dividend of $0.1656 per share. The ex-dividend date of this dividend is Monday, September 25th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 4.85%. Retail Properties of America’s payout ratio is 82.50%.

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Hedge funds have recently added to or reduced their stakes in the stock. Bank of Montreal Can increased its stake in shares of Retail Properties of America by 9.6% during the first quarter. Bank of Montreal Can now owns 34,182 shares of the real estate investment trust’s stock worth $493,000 after buying an additional 3,000 shares during the period. BlackRock Inc. increased its stake in shares of Retail Properties of America by 2,354.6% during the first quarter. BlackRock Inc. now owns 18,340,329 shares of the real estate investment trust’s stock worth $264,469,000 after buying an additional 17,593,152 shares during the period. KCG Holdings Inc. increased its stake in shares of Retail Properties of America by 57.4% during the first quarter. KCG Holdings Inc. now owns 43,693 shares of the real estate investment trust’s stock worth $630,000 after buying an additional 15,939 shares during the period. HighTower Advisors LLC increased its stake in shares of Retail Properties of America by 20.4% during the first quarter. HighTower Advisors LLC now owns 21,931 shares of the real estate investment trust’s stock worth $317,000 after buying an additional 3,720 shares during the period. Finally, Karp Capital Management Corp purchased a new stake in shares of Retail Properties of America during the first quarter worth approximately $426,000. Hedge funds and other institutional investors own 78.99% of the company’s stock.

A number of research analysts have commented on RPAI shares. BidaskClub raised shares of Retail Properties of America from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Jefferies Group LLC raised their target price on shares of Retail Properties of America to $16.00 and gave the company a “hold” rating in a research report on Monday, June 5th. ValuEngine downgraded shares of Retail Properties of America from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Citigroup Inc. reissued a “buy” rating and set a $15.00 target price (down previously from $16.00) on shares of Retail Properties of America in a research report on Monday, July 10th. Finally, Zacks Investment Research raised shares of Retail Properties of America from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Thursday, August 31st. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $15.75.

Retail Properties of America Company Profile

Retail Properties of America, Inc is a real estate investment trust (REIT). The Company owns and operates shopping centers located in the United States. As of December 31, 2016, it owned 156 retail operating properties representing 25,832,000 square feet of gross leasable area (GLA). Its retail operating portfolio includes neighborhood and community centers, power centers, and lifestyle centers and multi-tenant retail-focused mixed-use properties, as well as single-user retail properties.

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