As General Electric Company (GE) Share Value Declined, Princeton Portfolio Strategies Group Has Decreased Holding; Long Pond Capital LP Holding in Retail Pptys Amer (RPAI) Has Raised by $5.27 Million as Stock Price Declined

August 12, 2018 - By Margaret Guttierez

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Long Pond Capital Lp increased its stake in Retail Pptys Amer Inc (RPAI) by 6.15% based on its latest 2018Q1 regulatory filing with the SEC. Long Pond Capital Lp bought 479,293 shares as the company’s stock declined 4.77% with the market. The hedge fund held 8.27 million shares of the consumer services company at the end of 2018Q1, valued at $96.40 million, up from 7.79M at the end of the previous reported quarter. Long Pond Capital Lp who had been investing in Retail Pptys Amer Inc for a number of months, seems to be bullish on the $2.65B market cap company. The stock decreased 1.46% or $0.18 during the last trading session, reaching $12.11. About 1.86 million shares traded or 14.00% up from the average. Retail Properties of America, Inc. (NYSE:RPAI) has declined 8.26% since August 12, 2017 and is downtrending. It has underperformed by 20.83% the S&P500. Some Historical RPAI News: 01/05/2018 – Retail Properties of Amer: 1Q Same Store Net Operating Income Up 1.5% Vs. Year Ago; 19/04/2018 – RPAI Signs Two New Leases At Huebner Oaks In The San Antonio MSA; 01/05/2018 – Retail Properties of Amer 1Q Rev $124.8M; 10/05/2018 – Franklin Advisory Services Buys 1.2% of Retail Properties; 01/05/2018 – Retail Properties of Amer Sees 2018 Net Income Attributable to Common Hldrs 34c-38c a Share; 27/04/2018 – RETAIL PROPERTIES OF AMERICA SAYS FACILITY REPLACES CO’S PREVIOUS $1.20 BLN UNSECURED CREDIT FACILITY – SEC FILING; 14/05/2018 – Resolution Capital Buys New 1.7% Position in Retail Properties; 27/04/2018 – RETAIL PROPERTIES OF AMERICA INC – UNSECURED REVOLVING LINE OF CREDIT MATURES ON APRIL 22, 2022; 01/05/2018 – Retail Properties of Amer 1Q Net $41.8M; 23/04/2018 – Retail Properties Of America, Inc. Announces The Closing Of Its $1.1 Billion Unsecured Credit Facility

Princeton Portfolio Strategies Group Llc decreased its stake in General Electric Company (GE) by 18.1% based on its latest 2018Q1 regulatory filing with the SEC. Princeton Portfolio Strategies Group Llc sold 36,547 shares as the company’s stock declined 0.14% with the market. The institutional investor held 165,332 shares of the consumer electronics and appliances company at the end of 2018Q1, valued at $2.23 million, down from 201,879 at the end of the previous reported quarter. Princeton Portfolio Strategies Group Llc who had been investing in General Electric Company for a number of months, seems to be less bullish one the $110.99 billion market cap company. The stock decreased 1.31% or $0.17 during the last trading session, reaching $12.77. About 48.45M shares traded. General Electric Company (NYSE:GE) has declined 46.78% since August 12, 2017 and is downtrending. It has underperformed by 59.35% the S&P500. Some Historical GE News: 24/05/2018 – GE doesn’t plan to cut dividend again; 20/04/2018 – GE SAYS IT PLANS DISPOSITION OF DISTRIBUTED POWER BUSINESS; 21/03/2018 – GE asks for final healthcare IT bids, sources say [21:50 GMT21 Mar 2018] [Proprietary] []; 22/03/2018 – GENERAL ELECTRIC CO GE.N – SOLUTION WILL ENABLE ALMOST DOUBLE TRAFFIC IN CHANNEL TUNNEL; 23/03/2018 – American Airlines: ‘No final decisions have been made’ on jet order; 21/05/2018 – G.E. Spins Off Railroad Business; 20/04/2018 – GENERAL ELECTRIC CO – QTRLY REVENUE AND OTHER INCOME $28,660 MLN, UP 7 PCT; 11/04/2018 – ServiceMax from GE Digital to Focus on the Impact of Proactive Maintenance Strategies to the Service Industry at Field Service USA 2018; 20/04/2018 – GE Is Said in Talks to Unload Rail Unit in Deal With Wabtec (Video); 07/03/2018 – GE REPORTS INNOVATIVE ENERGY STORAGE PLATFORM CALLED RESERVOIR

Among 9 analysts covering Retail Properties of America (NYSE:RPAI), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Retail Properties of America had 29 analyst reports since January 15, 2016 according to SRatingsIntel. Jefferies maintained Retail Properties of America, Inc. (NYSE:RPAI) rating on Friday, December 15. Jefferies has “Hold” rating and $14.0 target. Boenning & Scattergood maintained the shares of RPAI in report on Thursday, February 15 with “Buy” rating. Robert W. Baird maintained Retail Properties of America, Inc. (NYSE:RPAI) on Tuesday, March 20 with “Buy” rating. Deutsche Bank upgraded Retail Properties of America, Inc. (NYSE:RPAI) on Tuesday, January 19 to “Buy” rating. The firm has “Neutral” rating given on Friday, December 16 by JP Morgan. The firm earned “Buy” rating on Wednesday, February 21 by Citigroup. Robert W. Baird maintained Retail Properties of America, Inc. (NYSE:RPAI) on Thursday, September 21 with “Buy” rating. The stock of Retail Properties of America, Inc. (NYSE:RPAI) has “Buy” rating given on Monday, November 27 by Robert W. Baird. The rating was initiated by Credit Suisse on Friday, January 15 with “Outperform”. The stock of Retail Properties of America, Inc. (NYSE:RPAI) earned “Buy” rating by Boenning & Scattergood on Thursday, May 3.

Long Pond Capital Lp, which manages about $1.63 billion and $3.93 billion US Long portfolio, decreased its stake in Taubman Ctrs Inc (NYSE:TCO) by 1.55 million shares to 2.56M shares, valued at $145.84 million in 2018Q1, according to the filing. It also reduced its holding in Jbg Smith Pptys by 262,943 shares in the quarter, leaving it with 3.07M shares, and cut its stake in Brixmor Ppty Group Inc (NYSE:BRX).

Another recent and important Retail Properties of America, Inc. (NYSE:RPAI) news was published by Globenewswire.com which published an article titled: “Detailed Research: Economic Perspectives on Retail Properties of America, Dominion Energy, GNC, Forum Energy …” on August 10, 2018.

Investors sentiment increased to 0.55 in 2018 Q1. Its up 0.05, from 0.5 in 2017Q4. It is positive, as 153 investors sold GE shares while 804 reduced holdings. 124 funds opened positions while 398 raised stakes. 4.54 billion shares or 3.00% less from 4.69 billion shares in 2017Q4 were reported. Avalon Advsrs Limited Co reported 943,466 shares stake. 25,678 were reported by Pillar Pacific Capital Ltd Limited Liability Company. 60,705 are held by Sabal Tru Com. Moreover, Bell Bank has 0.8% invested in General Electric Company (NYSE:GE) for 185,898 shares. Woodmont Inv Counsel Limited Liability Company stated it has 0.11% of its portfolio in General Electric Company (NYSE:GE). Private Asset Mngmt reported 340,854 shares. Notis has 71,685 shares. Cibc Asset Management Inc has 758,903 shares for 0.07% of their portfolio. 180,354 were reported by Salient Tru Communication Lta. Segall Bryant Hamill Limited Liability Company owns 339,601 shares or 0.11% of their US portfolio. Argent Capital Management Ltd accumulated 0.27% or 556,639 shares. Rowland & Company Inv Counsel Adv reported 0% in General Electric Company (NYSE:GE). Oppenheimer Asset Mngmt Inc owns 46,993 shares for 0.02% of their portfolio. Neuberger Berman Gru Limited Company reported 0.02% stake. And Mngmt holds 68,029 shares.

Since July 24, 2018, it had 1 insider buy, and 0 selling transactions for $2.49 million activity.

Analysts await General Electric Company (NYSE:GE) to report earnings on October, 19. They expect $0.22 earnings per share, down 24.14% or $0.07 from last year’s $0.29 per share. GE’s profit will be $1.91B for 14.51 P/E if the $0.22 EPS becomes a reality. After $0.19 actual earnings per share reported by General Electric Company for the previous quarter, Wall Street now forecasts 15.79% EPS growth.

More notable recent General Electric Company (NYSE:GE) news were published by: Seekingalpha.com which released: “GE: Tough Start For NewCo” on July 26, 2018, also 247Wallst.com with their article: “6 Most Important Things in Business Today” published on August 09, 2018, Seekingalpha.com published: “General Electric: The Gift That Keeps On Giving” on July 30, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Seekingalpha.com and their article: “Charges filed in Brazil against GE executive” published on August 09, 2018 as well as Seekingalpha.com‘s news article titled: “General Electric’s Explosive Growth Opportunity” with publication date: August 09, 2018.

Among 29 analysts covering General Electric Company (NYSE:GE), 8 have Buy rating, 4 Sell and 17 Hold. Therefore 28% are positive. General Electric Company had 110 analyst reports since July 21, 2015 according to SRatingsIntel. DZ Bank downgraded the shares of GE in report on Wednesday, March 28 to “Sell” rating. The firm has “Buy” rating by Citigroup given on Friday, June 29. The rating was downgraded by Oppenheimer on Monday, September 21 to “Perform”. The firm has “Hold” rating by CFRA given on Monday, May 21. The firm has “Buy” rating given on Wednesday, August 26 by Vetr. CFRA maintained General Electric Company (NYSE:GE) on Tuesday, June 26 with “Hold” rating. UBS initiated it with “Hold” rating and $17.0 target in Tuesday, January 23 report. On Monday, October 19 the stock rating was maintained by Stifel Nicolaus with “Buy”. The stock of General Electric Company (NYSE:GE) has “Buy” rating given on Wednesday, October 11 by RBC Capital Markets. The rating was maintained by Vertical Research on Tuesday, January 16 with “Hold”.

Princeton Portfolio Strategies Group Llc, which manages about $199.15M and $350.20M US Long portfolio, upped its stake in Dowdupont Inc by 43,198 shares to 60,497 shares, valued at $3.85 million in 2018Q1, according to the filing. It also increased its holding in Us Bancorp Del (NYSE:USB) by 20,000 shares in the quarter, for a total of 27,173 shares, and has risen its stake in Dollar General Corp New (NYSE:DG).

General Electric Company (NYSE:GE) Institutional Positions Chart

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