Retail Properties of America Inc (RPAI) reported quarterly earnings results on Tuesday, Aug-2-2016. The company said it had a profit of $0.31 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.26. Analysts expectations of $145.42 million. During the same quarter in the previous year, the company posted $0.26 EPS.
Many Wall Street Analysts have commented on Retail Properties of America Inc. Retail Properties of America Inc was Initiated by Jefferies to “Hold” on Jun 30, 2016.
Retail Properties of America Inc opened for trading at $17.38 and hit $17.69 on the upside on Friday, eventually ending the session at $17.63, with a gain of 0.97% or 0.17 points. The heightened volatility saw the trading volume jump to 13,07,043 shares. Company has a market cap of $4,184 M.
In a different news, on Jun 9, 2016, Bonnie Biumi (director) purchased 2,000 shares at $16.24 per share price. According to the SEC, 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, according to the Form-4 filing with the securities and exchange commission.
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.