Retail Properties of America Inc (NYSE:RPAI) has been upgraded to Outperform in a statement by Boenning Scattergood earlier today.
- Updated: October 3, 2016
Having a price of $16.80, Retail Properties of America Inc (NYSE:RPAI) traded -2.02% lower on the day. With the last close up -0.46% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Retail Properties of America Inc has recorded a 50-day average of $16.80 and a two hundred day average of $16.54. Volume of trade was up over the average, with 2,048,557 shares of RPAI changing hands over the typical 1,239,270
Boenning Scattergood has upgraded Retail Properties of America Inc (NYSE:RPAI) to Outperform in a statement released on 10/03/2016.
On 6/30/2016, Jefferies & Co released a statement on Retail Properties of America Inc (NYSE:RPAI) upped the target price from $0.00 to $17.50 that suggested an upside of 0.04%.
With a total market value of $0, Retail Properties of America Inc has price-earnings ratio of 26.42 with a one year low of $13.97 and a one year high of $17.78 .
A total of 7 analysts have released a research note on Retail Properties of America Inc. Two analysts rating the company a strong buy, three analysts rating the company a buy, two analysts rating the company a hold, one analyst rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $17.64.
More About Retail Properties of America Inc (NYSE:RPAI)
Retail Properties of America, Inc., formerly Inland Western Retail Real Estate Trust, 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. The Company owns approximately 200 retail operating properties representing approximately 28,930,000 square feet of gross leasable area (GLA). The Company owns properties in eastern division and western division of the United States. The Company's eastern division consists of approximately 120 properties located in Alabama, Connecticut, Florida, Georgia, Indiana, Maine, Maryland, Massachusetts, Michigan, Missouri, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Rhode Island, South Carolina, Tennessee, Vermont and Virginia.
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