Retail Properties of America Upgraded by B. Riley to “Buy” (RPAI)
Retail Properties of America (NASDAQ:RPAI) was upgraded by equities research analysts at B. Riley from a “neutral” rating to a “buy” rating in a research note issued to investors on Friday, Analyst Ratings Network.com reports. The firm currently has a $68.00 price objective on the stock, up from their previous price objective of $60.00. B. Riley’s price target indicates a potential upside of 422.67% from the stock’s previous close.
RPAI has been the subject of a number of other recent research reports. Analysts at Capital One Financial Corp. upgraded shares of Retail Properties of America to an “overweight” rating in a research note to investors on Friday. Separately, analysts at JPMorgan Chase & Co. downgraded shares of Retail Properties of America from a “neutral” rating to an “underweight” rating in a research note to investors on Thursday, January 16th. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Retail Properties of America in a research note to investors on Wednesday, January 15th. They now have a $16.00 price target on the stock, down previously from $17.00.
Retail Properties of America (NASDAQ:RPAI) traded up 1.46% during mid-day trading on Friday, hitting $13.20. 509,951 shares of the company’s stock traded hands. Retail Properties of America has a 52-week low of $12.07 and a 52-week high of $16.04. The stock has a 50-day moving average of $12.69 and a 200-day moving average of $13.63. The company’s market cap is $3.117 billion.
Retail Properties of America, Inc, formerly Inland Western Retail Real Estate Trust, Inc is a fully integrated, self administered and self-managed real estate company that owns and operates shopping centers.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.