Retail Properties of America Inc (NYSE:RPAI) COO Shane C. Garrison sold 1,000 shares of the business’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $25.56, for a total transaction of $25,560.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shane C. Garrison also recently made the following trade(s):
- On Friday, May 19th, Shane C. Garrison bought 2,050 shares of Retail Properties of America stock. The stock was bought at an average cost of $12.67 per share, for a total transaction of $25,973.50.
Retail Properties of America Inc (NYSE:RPAI) traded up 1.35% during trading on Wednesday, hitting $12.75. 847,555 shares of the stock traded hands. The stock has a market cap of $3.01 billion, a P/E ratio of 30.29 and a beta of 0.42. The stock has a 50 day moving average price of $13.61 and a 200-day moving average price of $14.66. Retail Properties of America Inc has a 52-week low of $12.30 and a 52-week high of $17.78.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 10th. Shareholders of record on Monday, June 26th will be issued a $0.1656 dividend. The ex-dividend date is Thursday, June 22nd. This represents a $0.66 dividend on an annualized basis and a yield of 5.27%. Retail Properties of America’s payout ratio is currently 110.00%.
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Several equities analysts have recently commented on RPAI shares. Zacks Investment Research downgraded shares of Retail Properties of America from a “buy” rating to a “hold” rating in a report on Wednesday, March 15th. TheStreet downgraded shares of Retail Properties of America from a “b-” rating to a “c+” rating in a report on Friday, February 17th. Finally, Jefferies Group LLC set a $16.00 target price on shares of Retail Properties of America and gave the stock a “hold” rating in a report on Saturday, March 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $17.42.
A number of hedge funds and other institutional investors have recently made changes to their positions in RPAI. Quantitative Systematic Strategies LLC purchased a new position in shares of Retail Properties of America during the third quarter worth $2,023,000. Norges Bank purchased a new position in shares of Retail Properties of America during the fourth quarter worth $32,068,000. Vision Capital Management Inc. purchased a new position in shares of Retail Properties of America during the third quarter worth $268,000. HighPoint Advisor Group LLC raised its position in shares of Retail Properties of America by 0.5% in the third quarter. HighPoint Advisor Group LLC now owns 121,335 shares of the real estate investment trust’s stock worth $1,824,000 after buying an additional 631 shares during the last quarter. Finally, Employees Retirement System of Texas raised its position in shares of Retail Properties of America by 33.3% in the fourth quarter. Employees Retirement System of Texas now owns 230,000 shares of the real estate investment trust’s stock worth $3,526,000 after buying an additional 57,500 shares during the last quarter. Institutional investors own 78.55% of the company’s stock.
About Retail Properties of America
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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