Retail Properties of America (RPAI) : Traders are bullish on Retail Properties of America (RPAI) as it has outperformed the S&P 500 by a margin of 0.43% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.66%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.28% in the last 1 week, and is up 7.22% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Retail Properties of America (NYSE:RPAI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $17.24 and $17.24 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $17.47. The buying momentum continued till the end and the stock did not give up its gains. It closed at $17.38, notching a gain of 0.70% for the day. The total traded volume was 1,088,943 . The stock had closed at $17.26 on the previous day.
The stock has recorded a 20-day Moving Average of 2.45% and the 50-Day Moving Average is 6.35%. Retail Properties of America, Inc. is up 10.94% in the last 3-month period. Year-to-Date the stock performance stands at 20.2%.
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.