Retail Properties of America, I (RPAI) Holdings Decreased by Renaissance Technologies LLC

Gladys Abbott
August 12, 2017

For passive investors (long-term) earning per shares and its growth is most valuable indicator for investment, as RPAI has EPS growth of 35.90% for this year. Concho Resources Inc. had 71 analyst reports since July 21, 2015 according to SRatingsIntel. National Retail Properties's revenue for the quarter was up 11.2% on a year-over-year basis. Zacks Investment Research cut shares of National Retail Properties from a "buy" rating to a "hold" rating in a report on Thursday, August 3rd. Dimensional Fund Advisors LP boosted its position in National Retail Properties by 5.8% in the second quarter. Finally, ValuEngine downgraded shares of Retail Properties of America from a buy rating to a hold rating in a report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. The company now has a consensus rating of Hold and an average price target of $16.08.

The company is down by -1.31 percent from yesterday's close. Institutional owners hold 81.20% stake in the company, while insiders ownership held at 0.40%. In other hand, we can simply identify the size of the 52-week range by subtracting the 52-week low from the 52-high; then divide this value by 52 in order to find the average weekly move of the price. The firm's 50-day moving average price is $12.75 and its 200-day moving average price is $13.67. The company has a market capitalization of $5.96 billion, a price-to-earnings ratio of 29.99 and a beta of 0.38.

Retail Properties of America (NYSE:RPAI) last posted its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.62 by $0.29. National Retail Properties had a return on equity of 8.07% and a net margin of 44.24%. The business had revenue of $145.55 million for the quarter, compared to the consensus estimate of $142.83 million. During the same period previous year, the company posted $0.31 earnings per share. The company's quarterly revenue was up 11.2% compared to the same quarter past year. On average, equities analysts predict that Retail Properties of America will post $0.08 earnings per share for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, September 26th will be paid a dividend of $0.1656 per share. This dividend amount will represent a yeild of $4.89. The ex-dividend date of this dividend is Thursday, July 27th. 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. The total value of its holdings increased 7.8%. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Sg Americas Securities Llc increased Concho Res Inc Com (CXO) stake by 114.18% reported in 2016Q4 SEC filing.

A number of large investors have recently bought and sold shares of the stock. Tiaa Cref Investment Management LLC augmented its position by buying 33,400 shares an increase of 4.3% from 03/31/2017 to 06/30/2017. Private Trust Co. NA now owns 9,242 shares of the real estate investment trust's stock worth $403,000 after buying an additional 61 shares during the last quarter. Its investment stood at $50,954,000 a decrease of $12,183,000 as of quarter end. WHITEHURST JULIAN E also sold $787,160 worth of National Retail Properties, Inc. State Street Corp now owns 7,605,929 shares of the real estate investment trust's stock worth $109,678,000 after buying an additional 2,736,360 shares in the last quarter. The value of the investment in RPAI increased from $14,957,000 to $17,094,000 increasing 14.3% quarter to quarter. UBS Asset Management Americas Inc. now owns 521,314 shares of the real estate investment trust's stock valued at $23,042,000 after buying an additional 197,292 shares in the last quarter.

11/21/2016 - National Retail Properties was upgraded to "outperform" by analysts at Robert W. Baird. The institutional investor owned 11,390 shares of the real estate investment trust's stock after selling 430 shares during the period. They now have $45.00 target price on the real estate investment trust's stock. The Company owns and operates shopping centers located in the United States. As of December 31, 2016, the Company owned 156 retail operating properties representing 25,832,000 square feet of gross leasable area (GLA).

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