On a relative basis, the stock has outperformed the S&P 500 by 2.06% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.35% in the last 1 week, and is up 6.52% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 3.03% and the 50-Day Moving Average is 5.37%.
Retail Properties of America (NYSE:RPAI): The stock opened at $17.11 on Friday but the bulls could not build on the opening and the stock topped out at $17.20 for the day. The stock traded down to $17.03 during the day, due to lack of any buying support eventually closed down at $17.16 with a loss of -0.12% for the day. The stock had closed at $17.18 on the previous day. The total traded volume was 1,471,166 shares.
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 78.45% 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%. In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Retail Properties Of America, Inc., Biumi Bonnie had purchased shares worth of $32,480 in a transaction dated on June 7, 2016. A total of 2,000 shares were purchased at a price of $16.24 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
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.