Retail Properties Of America, Inc. (RPAI): Bonnie Biumi , director of Retail Properties Of America, Inc. purchased 2,000 shares on Jun 7, 2016. The Insider buying transaction was reported by the company on Jun 9, 2016 to the Securities and Exchange Commission. The shares were purchased at $16.24 per share for a total value of $32,480.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, 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.
Retail Properties of America Inc (RPAI) witnessed a volatile trading activity on Thursday Jun 9, 2016 and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $16.34 and reached the intraday high at $16.41. The bulls started the profit booking and pushed the shares to intraday low of $16.28. The trading session was marked by a volume range of 10,47,460 shares exchanging hands. The 52-week high of the shares is $17 and the 52-week low is $13.1. The market cap of the company stands at $3,878 M and there are 23,73,43,990 shares in public circulation.
On Apr 26, 2016, Retail Properties of America Inc announced a cash dividend of $0.1656. The company’s management has announced Jun 23, 2016 as the ex-dividend date and fixed the record date on Jun 27, 2016. The payable date has been fixed on Jul 8, 2016.
Company has been under the radar of several Street Analysts.Retail Properties of America Inc is Upgraded by Citigroup to Buy. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Apr 4, 2016.Retail Properties of America Inc is Initiated by Robert W. Baird to Outperform and the brokerage firm has set the Price Target at $18. The Rating was issued on Mar 30, 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 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.