Retail Opportunity Investments Corp. (ROIC) Given a $20.00 Price Target by Jefferies Group LLC Analysts

Jefferies Group LLC set a $20.00 target price on Retail Opportunity Investments Corp. (NASDAQ:ROIC) in a research report report published on Tuesday morning. The firm currently has a hold rating on the real estate investment trust’s stock. Jefferies Group also issued estimates for Retail Opportunity Investments Corp.’s Q4 2017 earnings at $0.30 EPS, FY2017 earnings at $1.14 EPS, Q1 2018 earnings at $0.30 EPS, Q2 2018 earnings at $0.30 EPS, Q3 2018 earnings at $0.30 EPS, Q4 2018 earnings at $0.30 EPS, FY2018 earnings at $1.20 EPS, Q1 2019 earnings at $0.30 EPS, Q2 2019 earnings at $0.31 EPS, Q3 2019 earnings at $0.31 EPS and FY2019 earnings at $1.24 EPS.

Several other equities analysts also recently weighed in on ROIC. Citigroup Inc. reissued a neutral rating and issued a $19.00 price target (down from $21.00) on shares of Retail Opportunity Investments Corp. in a research note on Monday, July 10th. Zacks Investment Research raised shares of Retail Opportunity Investments Corp. from a hold rating to a buy rating and set a $21.00 price target on the stock in a research note on Wednesday, July 12th. BidaskClub raised shares of Retail Opportunity Investments Corp. from a sell rating to a hold rating in a research note on Sunday, July 16th. Royal Bank Of Canada reissued a hold rating and issued a $23.00 price target on shares of Retail Opportunity Investments Corp. in a research note on Thursday, July 27th. Finally, Robert W. Baird reaffirmed a buy rating and set a $22.00 target price on shares of Retail Opportunity Investments Corp. in a research note on Thursday, August 24th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $22.00.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) traded up 1.06% during mid-day trading on Tuesday, hitting $18.17. 662,119 shares of the stock were exchanged. Retail Opportunity Investments Corp. has a 52-week low of $17.87 and a 52-week high of $22.37.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last posted its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.21). The business had revenue of $67.97 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.26 earnings per share. Analysts forecast that Retail Opportunity Investments Corp. will post $0.34 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “Retail Opportunity Investments Corp. (ROIC) Given a $20.00 Price Target by Jefferies Group LLC Analysts” was first reported by Community Financial News and is the property of of Community Financial News. If you are accessing this piece of content on another domain, it was stolen and republished in violation of international copyright & trademark legislation. The original version of this piece of content can be accessed at https://www.com-unik.info/2017/11/01/retail-opportunity-investments-corp-roic-given-a-20-00-price-target-by-jefferies-group-llc-analysts.html.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, December 14th will be given a dividend of $0.188 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date is Wednesday, December 13th. Retail Opportunity Investments Corp.’s dividend payout ratio is presently 220.59%.

Institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. grew its holdings in shares of Retail Opportunity Investments Corp. by 8,069.6% in the first quarter. BlackRock Inc. now owns 16,967,429 shares of the real estate investment trust’s stock valued at $356,825,000 after purchasing an additional 16,759,738 shares in the last quarter. Deprince Race & Zollo Inc. acquired a new position in shares of Retail Opportunity Investments Corp. in the second quarter valued at approximately $32,598,000. Thompson Siegel & Walmsley LLC grew its holdings in shares of Retail Opportunity Investments Corp. by 49.2% in the second quarter. Thompson Siegel & Walmsley LLC now owns 2,277,673 shares of the real estate investment trust’s stock valued at $43,709,000 after purchasing an additional 750,851 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Retail Opportunity Investments Corp. by 206.0% in the second quarter. Russell Investments Group Ltd. now owns 1,023,235 shares of the real estate investment trust’s stock valued at $19,635,000 after purchasing an additional 688,874 shares in the last quarter. Finally, Jennison Associates LLC grew its holdings in shares of Retail Opportunity Investments Corp. by 52.4% in the second quarter. Jennison Associates LLC now owns 1,281,342 shares of the real estate investment trust’s stock valued at $24,589,000 after purchasing an additional 440,421 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.

Analyst Recommendations for Retail Opportunity Investments Corp. (NASDAQ:ROIC)

What are top analysts saying about Retail Opportunity Investments Corp.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Retail Opportunity Investments Corp. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit