Retail Properties of America Inc(NYSE:RPAI) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 14, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $142.752M. Analysts estimated a revenue of $141.860M. The revenues were 0.63% above the estimates. Earnings per share were $0.25. The reported EPS was below estimates by 2,400%. Analysts had estimated an EPS of $0.01.
In a different note, On Dec 16, 2016, JP Morgan said it Upgrades its rating on Retail Properties of America Inc. The shares have been rated ‘Neutral’ by the firm.
Retail Properties of America Inc (RPAI) shares turned negative on Wednesdays trading session with the shares closing down -0.01 points or -0.06% at a volume of 15,75,407. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $15.63. The peak price level was also seen at $15.63 while the days lowest was $15.465. Finally the shares closed at $15.56. The 52-week high of the shares is $17.78 while the 52-week low is $14.08. According to the latest information available, the market cap of the company is $3,685 M.
Several Insider Transactions has been reported to the SEC. On Jun 9, 2016, Bonnie Biumi (director) purchased 2,000 shares at $16.24 per share price.Also, 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.