The NYSE listed company saw a recent bid of 760.05 and 267 shares have traded hands in the session. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of National Retail Properties by 240.5% in the second quarter. (NYSE:RPAI) released its earnings results on Tuesday. Victory Capital Management Inc. now owns 2,890,462 shares of the real estate investment trust’s stock valued at $126,082,000 after buying an additional 848,500 shares during the period. The stock has a market cap of $3.18 billion, a price-to-earnings ratio of 31.95 and a beta of 0.46. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by $0.29, MarketWatch Earnings reports. Teachers Retirement System of The State of Kentucky now owns 34,490 shares of the real estate investment trust’s stock valued at $1,504,000 after buying an additional 190 shares during the last quarter. During the second quarter alone, the company invested almost $300 million in acquisitions at attractive initial yields. Investors who are keeping close eye on the stock of National Retail Properties, Inc. KCG Holdings Inc.’s holdings in National Retail Properties were worth $476,000 at the end of the most recent reporting period.
03/29/2016 – Robert W. Baird began new coverage on Retail Properties of America, Inc. giving the company a “outperform” rating. In the last quarter, insiders have bought 10,450 shares of company stock worth $132,717. Finally, Greenleaf Trust purchased a new position in National Retail Properties during the first quarter worth $209,000. The firm’s 50-day moving average is $39.31 and its 200-day moving average is $41.70. Analysts have a mean recommendation of 2.20 on this stock (A rating of less than 2 means buy, “hold” within the 3 range, “sell” within the 4 range, and “strong sell” within the 5 range).
A number of other large investors have also recently made changes to their positions in the stock. The stock now has an average rating of “Hold” and an average price target of $16.08. This is a boost from National Retail Properties’s previous quarterly dividend of $0.46.
Let’s talk about the gap between analyst price targets for the next 12 months and Retail Properties of America, Inc. During the same quarter past year, the business earned $0.58 earnings per share. Zacks Investment Research upgraded National Retail Properties from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Wednesday.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Monday, July 31st will be paid a dividend of $0.475 per share. The company maintains price to book ratio of 1.67 vs.an industry average at 1.60. This represents a $0.66 dividend on an annualized basis and a yield of 4.94%.
11/26/2015 – KeyBanc began new coverage on Retail Properties of America, Inc. giving the company a “buy” rating. Also, Director Thomas J. Sargeant purchased 3,900 shares of Retail Properties of America stock in a transaction dated Tuesday, May 9th. The shares were bought at an average price of $12.82 per share, for a total transaction of $49,998.00.
TRADEMARK VIOLATION NOTICE: This story was originally published by Transcript Daily and is owned by of Transcript Daily. If you are viewing this piece on another site, it was illegally copied and reposted in violation of US & worldwide copyright and trademark laws. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Following the transaction, the director now directly owns 37,602 shares in the company, valued at approximately $474,161.22. The disclosure for this purchase can be found here.
Institutional investors have recently added to or reduced their stakes in the stock.
Retail Properties of America, Inc is a real estate investment trust (REIT). The business risk with stocks involves factors that may cause a company to perform poorly. As of December 31, 2016, it owned 2,535 properties with an aggregate gross leasable area of approximately 27,204,000 square feet, located in 48 states. 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.