Retail Opportunity Investments (NASDAQ:ROIC) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Tuesday.
ROIC has been the subject of a number of other reports. FBR & Co set a $23.00 price target on Retail Opportunity Investments and gave the stock a “hold” rating in a report on Wednesday, October 11th. Royal Bank of Canada reiterated a “buy” rating and set a $22.00 price target on shares of Retail Opportunity Investments in a report on Monday, October 30th. Citigroup cut their price target on Retail Opportunity Investments from $20.50 to $20.00 and set a “neutral” rating for the company in a report on Monday, October 30th. Zacks Investment Research upgraded Retail Opportunity Investments from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, KeyCorp reiterated a “neutral” rating on shares of Retail Opportunity Investments in a report on Tuesday, October 24th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. Retail Opportunity Investments currently has an average rating of “Hold” and a consensus price target of $22.00.
Retail Opportunity Investments (ROIC) opened at $18.34 on Tuesday. Retail Opportunity Investments has a 1-year low of $17.87 and a 1-year high of $22.37. The company has a market capitalization of $2,050.86, a P/E ratio of 53.94, a PEG ratio of 2.28 and a beta of 0.68. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.06.
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About Retail Opportunity Investments
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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