Retail Opportunity Investments (ROIC) Rating Increased to Hold at BidaskClub

Retail Opportunity Investments (NASDAQ:ROIC) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Tuesday.

Several other brokerages also recently issued reports on ROIC. ValuEngine upgraded Retail Opportunity Investments from a “sell” rating to a “hold” rating in a report on Tuesday, August 28th. Capital One Financial cut Retail Opportunity Investments from an “overweight” rating to an “equal weight” rating in a research report on Thursday, July 26th. Zacks Investment Research raised Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research report on Thursday, August 16th. BMO Capital Markets began coverage on Retail Opportunity Investments in a research report on Tuesday, September 18th. They set a “hold” rating and a $20.00 price target for the company. Finally, Wells Fargo & Co increased their price target on Retail Opportunity Investments from $16.50 to $18.00 and gave the company a “market perform” rating in a research report on Tuesday, July 31st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. Retail Opportunity Investments has a consensus rating of “Hold” and a consensus target price of $19.21.

NASDAQ:ROIC opened at $17.66 on Tuesday. Retail Opportunity Investments has a 1-year low of $16.17 and a 1-year high of $20.14. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of 15.49, a P/E/G ratio of 2.46 and a beta of 0.55. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.10.



Retail Opportunity Investments (NASDAQ:ROIC) last announced its quarterly earnings results on Tuesday, October 23rd. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.22). Retail Opportunity Investments had a return on equity of 3.26% and a net margin of 14.69%. The business had revenue of $73.90 million during the quarter, compared to the consensus estimate of $73.15 million. During the same quarter last year, the company earned $0.29 earnings per share. The firm’s revenue was up 8.7% compared to the same quarter last year. Research analysts anticipate that Retail Opportunity Investments will post 1.14 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC lifted its position in shares of Retail Opportunity Investments by 259.1% in the second quarter. SG Americas Securities LLC now owns 139,264 shares of the real estate investment trust’s stock valued at $2,668,000 after buying an additional 100,484 shares during the last quarter. Vident Investment Advisory LLC lifted its position in shares of Retail Opportunity Investments by 117.7% in the second quarter. Vident Investment Advisory LLC now owns 36,240 shares of the real estate investment trust’s stock valued at $694,000 after buying an additional 19,595 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Retail Opportunity Investments by 0.8% in the second quarter. Legal & General Group Plc now owns 559,520 shares of the real estate investment trust’s stock valued at $10,731,000 after buying an additional 4,214 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Retail Opportunity Investments by 4.6% in the second quarter. Rhumbline Advisers now owns 292,292 shares of the real estate investment trust’s stock valued at $5,600,000 after buying an additional 12,799 shares during the last quarter. Finally, Pinebridge Investments L.P. lifted its position in shares of Retail Opportunity Investments by 8.9% in the second quarter. Pinebridge Investments L.P. now owns 108,004 shares of the real estate investment trust’s stock valued at $2,070,000 after buying an additional 8,872 shares during the last quarter.

Retail Opportunity Investments Company Profile

Retail Opportunity Investments Corp. (NASDAQ:ROIC), is a fully-integrated, self-managed real estate investment trust (REIT) that specializes in the acquisition, ownership and management of grocery-anchored shopping centers located in densely-populated, metropolitan markets across the West Coast. As of June 30, 2018, ROIC owned 92 shopping centers encompassing approximately 10.6 million square feet.

Further Reading: Market Capitalization – What it Means for Investors

Analyst Recommendations for Retail Opportunity Investments (NASDAQ:ROIC)

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