Retail Opportunity Investments (ROIC) Given a $17.00 Price Target by Jefferies Group Analysts

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.



Retail Opportunity Investments (NASDAQ:ROIC) last posted its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.01. Retail Opportunity Investments had a return on equity of 2.95% and a net margin of 14.08%. The business had revenue of $72.75 million for the quarter, compared to analysts’ expectations of $71.07 million. During the same quarter in the previous year, the firm earned $0.27 earnings per share. The business’s revenue was up 15.3% on a year-over-year basis. analysts forecast that Retail Opportunity Investments will post 1.19 earnings per share for the current fiscal year.

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.

Analyst Recommendations for Retail Opportunity Investments (NASDAQ:ROIC)

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