Retail Properties of America (RPAI) Receives Price Target

Retail Properties of America (RPAI) : Currently there are 4 street experts covering Retail Properties of America (RPAI) stock. The most bullish and bearish price target for the stock is $19 and $18 respectively for the short term. The average price target of all the analysts comes to $18.38. The estimated standard deviation from the target is $0.48.

Retail Properties of America (RPAI) : 3 brokerage houses believe that Retail Properties of America (RPAI) is a Strong Buy at current levels. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Retail Properties of America (RPAI). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 6 Wall Street Analysts endorse the stock as a Buy with a rating of 2.


Also, Equity analysts at the Brokerage firm Citigroup maintains its rating on Retail Properties of America (NYSE:RPAI). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Citigroup raises the price target from $19 per share to $20 per share. The rating by the firm was issued on August 11, 2016.

Retail Properties of America (NYSE:RPAI): The stock opened at $16.99 on Thursday but the bulls could not build on the opening and the stock topped out at $17.08 for the day. The stock traded down to $16.89 during the day, due to lack of any buying support eventually closed down at $16.99 with a loss of -0.06% for the day. The stock had closed at $17.00 on the previous day. The total traded volume was 758,798 shares.

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.

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