Retail Properties of America (NYSE:RPAI) stock has received a short term price target of $ 17.13 from 4 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $1.55. The higher estimate of target price is $19 , while the lower price target estimate is $15
Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm Citigroup upgrades its rating on Retail Properties of America (NYSE:RPAI). The rating major has initiated the coverage with buy rating on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The Analysts at Citigroup raises the price target from $16 per share to $18 per share. The rating by the firm was issued on April 4, 2016. For the current week, the company shares have a recommendation consensus of Buy.
On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Retail Properties Of America, Inc., Biumi Bonnie had purchased shares worth of $32,480 in a transaction dated on June 7, 2016. A total of 2,000 shares were purchased at a price of $16.24 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
Retail Properties of America (NYSE:RPAI) witnessed a volatile trading activity on Monday and eventually ended flat at 0% or 0 points without letting the bulls or bears take much advantage. The trading began at $16.26 and reached the intraday high at $16.39. The bulls started the profit booking and pushed the shares to intraday low of $16.13. The trading session was marked by a volume range of 1,016,616 shares exchanging hands. The 52-week high of the shares is $17 and the 52-week low is $13.1. The market cap of the company stands at $3,845 million and there are 237,343,990 shares in public circulation.
Retail Properties of America, Inc. is a real estate investment trust (REIT). The Company owns and operates shopping centers in the United States. The Companys 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. Its properties include 23rd Street Plaza, Panama City; Academy Sports, Houma; Academy Sports, Midland; Academy Sports, Port Arthur; Arvada Connection and Arvada Marketplace, Arvada; The Brickyard, Chicago; Broadway Shopping Center, Bangor, and Cinemark Seven Bridges, Woodridge, among others. It also owns a property, Towson Square, which is approximately 138,000 square foot entertainment based center, including a range of national and regional restaurant concepts. The Company owns approximately 201 retail operating properties representing over 29.2 million square feet.