Retail Properties of America (RPAI) : 3 brokerage houses believe that Retail Properties of America (RPAI) is a Strong Buy at current levels. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Retail Properties of America (RPAI). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 6 Wall Street Analysts endorse the stock as a Buy with a rating of 2.
Retail Properties of America (RPAI) stock is expected to deviate a maximum of $0.48 from the average target price of $18.38 for the short term period. 4 Street Experts have initiated coverage on the stock with the most promising target being $19 and the most muted being $18.
For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Brokerage Firm, Citigroup, maintains their rating on the shares of Retail Properties of America (NYSE:RPAI). Citigroup has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $20 per share from a prior target of $19. The rating by the firm was issued on August 11, 2016.
Retail Properties of America (NYSE:RPAI): The stock opened at $17.29 and touched an intraday high of $17.57 on Wednesday. During the day, the stock corrected to an intraday low of $17.19, however, the bulls stepped in and pushed the price higher to close in the green at $17.56 with a gain of 1.68% for the day. The total traded volume for the day was 1,717,084. The stock had closed at $17.27 in the previous trading session.
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.