Retail Opportunity Investments Corp. Price Target Raised to $18.00 at BMO Capital Markets (ROIC)
BMO Capital Markets lifted their price objective on shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) from $17.00 to $18.00 in a research note issued on Friday. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price indicates a potential upside of 13.64% from the company’s current price.
Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) traded up 0.19% on Friday, hitting $15.84. 938,566 shares of the company’s stock traded hands. Retail Opportunity Investments Corp. has a one year low of $12.60 and a one year high of $16.30. The stock’s 50-day moving average is $15.73 and its 200-day moving average is $15.07. The company has a market cap of $1.186 billion and a price-to-earnings ratio of 34.15. Retail Opportunity Investments Corp. also was the recipient of a significant drop in short interest during the month of June. As of June 13th, there was short interest totalling 2,885,070 shares, a drop of 18.4% from the May 30th total of 3,534,582 shares. Currently, 4.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,718,444 shares, the short-interest ratio is presently 1.7 days.
Retail Opportunity Investments Corp. (NASDAQ:ROIC) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.04 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.08 by $0.04. On average, analysts predict that Retail Opportunity Investments Corp. will post $0.84 earnings per share for the current fiscal year.
Retail Opportunity Investments Corp. is a fully integrated, self-managed real estate investment trust (NASDAQ:ROIC).
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