Crestline Management LP Has $3.43 Million Position in Retail Properties of America Inc (RPAI)

Crestline Management LP increased its stake in shares of Retail Properties of America Inc (NYSE:RPAI) by 159.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 315,985 shares of the real estate investment trust’s stock after buying an additional 194,065 shares during the quarter. Retail Properties of America accounts for about 0.5% of Crestline Management LP’s investment portfolio, making the stock its 28th largest position. Crestline Management LP owned 0.15% of Retail Properties of America worth $3,428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of RPAI. Barclays PLC lifted its holdings in Retail Properties of America by 28.0% during the fourth quarter. Barclays PLC now owns 574,354 shares of the real estate investment trust’s stock worth $6,232,000 after acquiring an additional 125,711 shares in the last quarter. Menta Capital LLC bought a new position in Retail Properties of America during the fourth quarter worth about $192,000. Neuburgh Advisers LLC lifted its holdings in Retail Properties of America by 438.7% during the fourth quarter. Neuburgh Advisers LLC now owns 180,234 shares of the real estate investment trust’s stock worth $1,955,000 after acquiring an additional 146,778 shares in the last quarter. Flinton Capital Management LLC lifted its holdings in Retail Properties of America by 438.7% during the fourth quarter. Flinton Capital Management LLC now owns 148,428 shares of the real estate investment trust’s stock worth $1,610,000 after acquiring an additional 120,876 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in Retail Properties of America by 1.7% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 139,300 shares of the real estate investment trust’s stock worth $1,511,000 after acquiring an additional 2,300 shares in the last quarter. Institutional investors and hedge funds own 82.73% of the company’s stock.

Several research analysts have weighed in on RPAI shares. Zacks Investment Research upgraded Retail Properties of America from a “sell” rating to a “hold” rating in a report on Saturday, November 17th. Citigroup set a $15.00 target price on Retail Properties of America and gave the stock a “buy” rating in a report on Tuesday, November 20th. ValuEngine upgraded Retail Properties of America from a “sell” rating to a “hold” rating in a report on Saturday, December 1st. Finally, KeyCorp set a $15.00 target price on Retail Properties of America and gave the stock a “buy” rating in a report on Thursday, December 20th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $14.29.

Shares of Retail Properties of America stock opened at $12.08 on Friday. The stock has a market capitalization of $2.58 billion, a PE ratio of 11.73, a PEG ratio of 5.31 and a beta of 0.58. 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 0.93, a quick ratio of 0.79 and a current ratio of 0.79.

Retail Properties of America (NYSE:RPAI) last issued its quarterly earnings results on Tuesday, February 12th. The real estate investment trust reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. The company 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 4.24% and a net margin of 16.09%. The company’s quarterly 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 earnings per share. Analysts predict that Retail Properties of America Inc will post 1.04 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 10th. Stockholders of record on Wednesday, March 27th will be issued a $0.1656 dividend. The ex-dividend date is Tuesday, March 26th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.48%. Retail Properties of America’s dividend payout ratio (DPR) is 64.08%.

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Retail Properties of America Company 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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