Retail Opportunity Investments Corp. (ROIC) PT Lowered to $20.00

Retail Opportunity Investments Corp. (NASDAQ:ROIC) had its price objective decreased by investment analysts at Citigroup Inc. from $20.50 to $20.00 in a research note issued to investors on Monday. The firm currently has a “neutral” rating on the real estate investment trust’s stock. Citigroup Inc.’s price target indicates a potential upside of 8.87% from the company’s current price.

Other equities analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Retail Opportunity Investments Corp. from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. BidaskClub upgraded shares of Retail Opportunity Investments Corp. from a “sell” rating to a “hold” rating in a report on Sunday, July 16th. KeyCorp restated a “neutral” rating on shares of Retail Opportunity Investments Corp. in a report on Tuesday, October 24th. Jefferies Group LLC downgraded shares of Retail Opportunity Investments Corp. from a “buy” rating to a “hold” rating and cut their price objective for the company from $25.00 to $21.00 in a report on Friday, September 15th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $23.00 price objective on shares of Retail Opportunity Investments Corp. in a report on Thursday, July 27th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $22.29.

Shares of Retail Opportunity Investments Corp. (NASDAQ ROIC) traded down 1.20% on Monday, hitting $18.15. 334,217 shares of the company traded hands. The firm has a market capitalization of $1.99 billion, a P/E ratio of 56.19 and a beta of 0.68. The firm’s 50-day moving average is $19.18 and its 200 day moving average is $19.89. Retail Opportunity Investments Corp. has a 1-year low of $18.03 and a 1-year high of $22.37.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last announced its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.21). The firm had revenue of $67.97 million during the quarter, compared to the consensus estimate of $68.34 million. Retail Opportunity Investments Corp. had a return on equity of 2.86% and a net margin of 14.13%. The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.26 earnings per share. On average, analysts anticipate that Retail Opportunity Investments Corp. will post $0.35 earnings per share for the current fiscal year.

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Institutional investors have recently added to or reduced their stakes in the business. Riverhead Capital Management LLC boosted its position in Retail Opportunity Investments Corp. by 55.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 7,327 shares of the real estate investment trust’s stock worth $141,000 after purchasing an additional 2,627 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in Retail Opportunity Investments Corp. by 15.5% in the 2nd quarter. Daiwa Securities Group Inc. now owns 9,700 shares of the real estate investment trust’s stock worth $186,000 after purchasing an additional 1,300 shares in the last quarter. Shelton Capital Management boosted its position in Retail Opportunity Investments Corp. by 5.6% in the 2nd quarter. Shelton Capital Management now owns 10,858 shares of the real estate investment trust’s stock worth $208,000 after purchasing an additional 579 shares in the last quarter. SG Americas Securities LLC boosted its position in Retail Opportunity Investments Corp. by 77.6% in the 2nd quarter. SG Americas Securities LLC now owns 10,965 shares of the real estate investment trust’s stock worth $210,000 after purchasing an additional 4,790 shares in the last quarter. Finally, Flinton Capital Management LLC boosted its position in Retail Opportunity Investments Corp. by 56.4% in the 2nd quarter. Flinton Capital Management LLC now owns 11,564 shares of the real estate investment trust’s stock worth $222,000 after purchasing an additional 4,172 shares in the last quarter. Institutional investors and hedge funds own 94.87% of the company’s stock.

Retail Opportunity Investments Corp. Company Profile

Retail Opportunity Investments Corp. (ROIC) is a fully integrated, self-managed real estate investment trust (REIT). The Company specializes in the acquisition, ownership and management of necessity-based community and neighborhood shopping centers on the west coast of the United States, anchored by supermarkets and drugstores.

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