Retail Properties of America (RPAI) : During the past 4 weeks, traders have been relatively bearish on Retail Properties of America (RPAI), hence the stock is down -2.12% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.81% relative to the S&P 500. The 4-week change in the price of the stock is -1.11% and the stock has fallen -0.76% in the past 1 week.
The stock has recorded a 20-day Moving Average of 1.97% and the 50-Day Moving Average is 1.05%. Retail Properties of America (NYSE:RPAI): stock turned positive on Friday. Though the stock opened at $16.99, the bulls momentum made the stock top out at $17.25 level for the day. The stock recorded a low of $16.96 and closed the trading day at $16.97, in the green by 0.06%. The total traded volume for the day was 1,035,823. The stock had closed at $16.96 in the previous days trading.
The company Insiders own 0.41% of Retail Properties of America shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 15.14% . Institutional Investors own 79.28% of Retail Properties of America shares. During last six month period, the net percent change held by insiders has seen a change of 15.14%. Also, Equity Analysts at the Citigroup maintains the rating on Retail Properties of America (NYSE:RPAI). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency 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, 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.