Shares of Retail Properties of America Inc. Class A (NYSE:RPAI) traded today at $13.57, eclipsing its 52-week high. Approximately 180,000 shares have changed hands today, as compared to an average 30-day volume of 1.4 million shares.
In the past 52 weeks, Retail Properties of America Inc. Class A share prices are bracketed by a low of $5.14 and a high of $13.57 and is now at $13.43, 161% above that low price.
Retail Properties of America Inc. Class A (NYSE:RPAI) defies analysts with a current price ($13.43) 34.4% above its average consensus price target of $8.81.
Retail Properties of America Inc is a self-managed real estate investment trust that invests, develops, and manages retail property assets. The company’s portfolio primarily constitutes shopping centers in the United States, markets, including Dallas, Washington, New York, Atlanta, Seattle, Chicago, Houston, San Antonio, Phoenix, and Austin. The company generates its revenue from leasing properties to tenants, which include retailers, restaurants, and others.
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