Jefferies Initiates Coverage on Retail Properties of America Inc(NYSE:RPAI). The shares have been rated Hold. The rating by Jefferies was issued on Jun 30, 2016.
In a different note, On Apr 4, 2016, Citigroup said it Upgrades its rating on Retail Properties of America Inc. In the research note, the firm Raises the price-target to $16.00 per share. The shares have been rated ‘Buy’ by the firm.
Retail Properties of America Inc (RPAI) made into the market gainers list on Tuesdays trading session with the shares advancing 1.35% or 0.23 points. Due to strong positive momentum, the stock ended at $17.31, which is also near the day’s high of $17.33. The stock began the session at $17.11 and the volume stood at 12,49,746 shares. The 52-week high of the shares is $17.33 and the 52 week low is $13.1. The company has a current market capitalization of $4,108 M and it has 23,73,43,990 shares in outstanding.
Retail Properties of America Inc(RPAI) last announced its earnings results on May 2, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $148.64M. Analysts had an estimated revenue of $146.71M. Earnings per share were $0.28. Analysts had estimated an EPS of $0.26.
Several Insider Transactions has been reported to the SEC. On Jun 9, 2016, Bonnie Biumi (director) purchased 2,000 shares at $16.24 per share price.Also, On Feb 26, 2016, Thomas J Sargeant (director) purchased 800 shares at $26.00 per share price.On Sep 9, 2015, Richard P Imperiale (director) purchased 3,000 shares at $13.20 per share price, according to the Form-4 filing with the securities and exchange commission.
Retail Properties of America 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. 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 138000 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.