Trade Report: Today: JPMorgan Chase & Co. reached $3,954,000 position of Retail Properties of America Inc. (RPAI)

Today: JPMorgan Chase & Co. reached $3,954,000 position  of Retail Properties of America Inc. (RPAI)

JPMorgan Chase & Co. increased its stake in shares of Retail Properties of America Inc. (NYSE:RPAI) by 4.8% during the second quarter, Holdings Channel reports. The firm owned 233,971 shares of the company’s stock after buying an additional 10,702 shares during the period. JPMorgan Chase & Co. owned 0.10% of Retail Properties of America worth $3,954,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its stake in Retail Properties of America by 3.1% in the second quarter. Ameriprise Financial Inc. now owns 465,517 shares of the company’s stock worth $7,868,000 after buying an additional 13,986 shares in the last quarter. Blair William & Co. IL bought a new stake in shares of Retail Properties of America during the second quarter valued at $182,000. Lasalle Investment Management Securities LLC boosted its stake in shares of Retail Properties of America by 38.9% in the second quarter. Lasalle Investment Management Securities LLC now owns 8,302,302 shares of the company’s stock valued at $140,309,000 after buying an additional 2,326,924 shares during the last quarter. Lincoln National Corp boosted its stake in shares of Retail Properties of America by 137.8% in the second quarter. Lincoln National Corp now owns 30,884 shares of the company’s stock valued at $522,000 after buying an additional 17,896 shares during the last quarter. Finally, I.G. Investment Management LTD. boosted its stake in shares of Retail Properties of America by 25.3% in the second quarter. I.G. Investment Management LTD. now owns 72,682 shares of the company’s stock valued at $1,228,000 after buying an additional 14,692 shares during the last quarter. Institutional investors own 79.83% of the company’s stock.

Retail Properties of America Inc. (NYSE:RPAI) traded up 0.38% during mid-day trading on Monday, reaching $16.05. The company’s stock had a trading volume of 115,468 shares. Retail Properties of America Inc. has a 52 week low of $14.02 and a 52 week high of $17.78. The company’s 50-day moving average price is $16.65 and its 200 day moving average price is $16.55. The firm has a market capitalization of $3.80 billion, a price-to-earnings ratio of 25.76 and a beta of 0.40.

Retail Properties of America (NYSE:RPAI) last released its earnings results on Tuesday, August 2nd. The company reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.05. Retail Properties of America had a net margin of 26.42% and a return on equity of 7.27%. During the same period last year, the business posted $0.26 EPS. On average, equities analysts forecast that Retail Properties of America Inc. will post $1.07 earnings per share for the current fiscal year.

The firm also recently announced a dividend, which was paid on Friday, October 7th. Shareholders of record on Monday, September 26th were paid a $0.166 dividend. The ex-dividend date was Thursday, September 22nd. Retail Properties of America’s dividend payout ratio (DPR) is 106.45%.

A number of research analysts have recently commented on RPAI shares. TheStreet raised Retail Properties of America from a “hold” rating to a “buy” rating in a research note on Tuesday, August 2nd. Zacks Investment Research raised Retail Properties of America from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Tuesday, August 2nd. Deutsche Bank AG reaffirmed a “buy” rating on shares of Retail Properties of America in a research note on Friday, September 23rd. Boenning Scattergood raised Retail Properties of America from a “neutral” rating to an “outperform” rating and set a $19.00 target price on the stock in a research note on Monday, October 3rd. Finally, Citigroup Inc. upped their target price on Retail Properties of America from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, August 11th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $17.38.

About Retail Properties of America

Retail Properties of America, Inc, formerly Inland Western Retail Real Estate Trust, Inc, is a real estate investment trust (REIT). The Company owns and operates shopping centers in the United States. The Company’s retail operating portfolio includes power centers, neighborhood and community centers, and lifestyle centers and predominantly multi-tenant retail mixed-use properties, as well as single-user retail properties.

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