Retail Opportunity Investments Corp. (NASDAQ:ROIC) was upgraded by research analysts at Royal Bank Of Canada from a “sector perform” rating to an “outperform” rating in a research report issued to clients and investors on Thursday, Marketbeat reports. The firm presently has a $23.00 price objective on the real estate investment trust’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 14.20% from the company’s previous close.

Several other analysts have also recently commented on the company. Jefferies Group LLC restated a “buy” rating and issued a $26.00 target price on shares of Retail Opportunity Investments Corp. in a research report on Friday, May 12th. Zacks Investment Research cut Retail Opportunity Investments Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. Citigroup Inc. restated a “neutral” rating and issued a $19.00 target price (down from $21.00) on shares of Retail Opportunity Investments Corp. in a research report on Monday, July 10th. Canaccord Genuity restated a “buy” rating and issued a $26.00 target price on shares of Retail Opportunity Investments Corp. in a research report on Thursday, April 27th. Finally, TheStreet cut Retail Opportunity Investments Corp. from a “b” rating to a “c+” rating in a research report on Friday, April 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $23.14.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) remained flat at $20.14 during midday trading on Thursday. The company had a trading volume of 276,438 shares. Retail Opportunity Investments Corp. has a 12-month low of $18.45 and a 12-month high of $22.98.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last announced its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by $0.01. The company had revenue of $66.64 million during the quarter, compared to the consensus estimate of $66.18 million. Retail Opportunity Investments Corp. had a return on equity of 2.71% and a net margin of 13.92%. The company’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same period last year, the business posted $0.27 EPS. On average, equities analysts anticipate that Retail Opportunity Investments Corp. will post $0.37 earnings per share for the current year.

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A number of hedge funds have recently bought and sold shares of ROIC. Dynamic Technology Lab Private Ltd acquired a new stake in Retail Opportunity Investments Corp. during the second quarter valued at approximately $530,000. Public Employees Retirement System of Ohio boosted its stake in Retail Opportunity Investments Corp. by 72.1% in the second quarter. Public Employees Retirement System of Ohio now owns 209,841 shares of the real estate investment trust’s stock valued at $4,027,000 after buying an additional 87,878 shares in the last quarter. Verition Fund Management LLC acquired a new stake in Retail Opportunity Investments Corp. during the second quarter valued at approximately $704,000. Piedmont Investment Advisors LLC acquired a new stake in Retail Opportunity Investments Corp. during the second quarter valued at approximately $455,000. Finally, Sterling Capital Management LLC acquired a new stake in Retail Opportunity Investments Corp. during the second quarter valued at approximately $1,343,000. Hedge funds and other institutional investors own 98.26% of the company’s stock.

Retail Opportunity Investments Corp. 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 Corp. (NASDAQ:ROIC)

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