Retail Opportunity Investments (NASDAQ:ROIC) has been given a $17.00 target price by Jefferies Group in a research note issued to investors on Friday. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. Jefferies Group’s price target would indicate a potential upside of 0.06% from the stock’s previous close. Jefferies Group also issued estimates for Retail Opportunity Investments’ FY2018 earnings at $1.18 EPS and FY2019 earnings at $1.22 EPS.
Other research analysts have also recently issued research reports about the company. Zacks Investment Research cut Retail Opportunity Investments from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Capital One Financial reaffirmed an “overweight” rating on shares of Retail Opportunity Investments in a research report on Monday, February 12th. Citigroup dropped their price target on Retail Opportunity Investments from $20.00 to $18.50 and set a “neutral” rating on the stock in a research report on Wednesday, February 28th. BidaskClub cut Retail Opportunity Investments from a “hold” rating to a “sell” rating in a research report on Tuesday, March 13th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $20.00 price target on shares of Retail Opportunity Investments in a research report on Wednesday, March 21st. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $20.81.
ROIC stock traded up $0.05 during midday trading on Friday, hitting $16.99. The company’s stock had a trading volume of 702,967 shares, compared to its average volume of 1,273,193. The company has a current ratio of 3.23, a quick ratio of 3.23 and a debt-to-equity ratio of 1.12. Retail Opportunity Investments has a 1 year low of $16.21 and a 1 year high of $22.06. The stock has a market cap of $1,936.90, a P/E ratio of 14.90, a P/E/G ratio of 2.43 and a beta of 0.55.
Several large investors have recently added to or reduced their stakes in the stock. Elkfork Partners LLC bought a new stake in shares of Retail Opportunity Investments during the 4th quarter valued at $254,000. Xact Kapitalforvaltning AB bought a new stake in shares of Retail Opportunity Investments during the 4th quarter valued at $227,000. Sterling Capital Management LLC raised its stake in shares of Retail Opportunity Investments by 17.1% during the 4th quarter. Sterling Capital Management LLC now owns 82,000 shares of the real estate investment trust’s stock valued at $1,636,000 after purchasing an additional 12,000 shares during the period. MetLife Investment Advisors LLC bought a new stake in shares of Retail Opportunity Investments during the 4th quarter valued at $1,044,000. Finally, Teachers Advisors LLC raised its stake in shares of Retail Opportunity Investments by 13.0% during the 4th quarter. Teachers Advisors LLC now owns 1,855,720 shares of the real estate investment trust’s stock valued at $37,022,000 after purchasing an additional 213,604 shares during the period. Institutional investors own 99.18% of the company’s stock.
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Retail Opportunity Investments 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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