Retail Opportunity Investments Corp. (NASDAQ:ROIC) was downgraded by equities researchers at Jefferies Group LLC from a “buy” rating to a “hold” rating in a report released on Friday, Marketbeat reports. They presently have a $21.00 price target on the real estate investment trust’s stock. Jefferies Group LLC’s price target would indicate a potential upside of 5.85% from the stock’s current price.

A number of other equities research analysts have also recently commented on the company. BidaskClub upgraded Retail Opportunity Investments Corp. from a “sell” rating to a “hold” rating in a report on Sunday, July 16th. Zacks Investment Research cut Retail Opportunity Investments Corp. from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. Citigroup Inc. reiterated a “neutral” rating and set a $21.00 target price (down previously from $22.00) on shares of Retail Opportunity Investments Corp. in a report on Tuesday, June 6th. Robert W. Baird reiterated a “buy” rating and set a $22.00 target price on shares of Retail Opportunity Investments Corp. in a report on Thursday, August 24th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $23.00 target price on shares of Retail Opportunity Investments Corp. in a report on Thursday, July 27th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $22.14.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) traded down 0.75% during trading on Friday, reaching $19.84. The company’s stock had a trading volume of 1,627,279 shares. The company has a 50 day moving average price of $20.09 and a 200-day moving average price of $20.32. Retail Opportunity Investments Corp. has a 52 week low of $18.45 and a 52 week high of $22.63. The company has a market capitalization of $2.18 billion, a PE ratio of 61.42 and a beta of 0.69.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last announced its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). The company had revenue of $66.64 million for the quarter, compared to analyst estimates of $66.18 million. Retail Opportunity Investments Corp. had a net margin of 13.92% and a return on equity of 2.71%. Retail Opportunity Investments Corp.’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.27 EPS. Equities research analysts anticipate that Retail Opportunity Investments Corp. will post $0.33 earnings per share for the current year.

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Several hedge funds have recently bought and sold shares of ROIC. Wells Fargo & Company MN boosted its holdings in shares of Retail Opportunity Investments Corp. by 11.1% during the first quarter. Wells Fargo & Company MN now owns 221,135 shares of the real estate investment trust’s stock worth $4,651,000 after purchasing an additional 22,019 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in shares of Retail Opportunity Investments Corp. by 1.1% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 16,985 shares of the real estate investment trust’s stock worth $357,000 after purchasing an additional 180 shares during the last quarter. Great West Life Assurance Co. Can boosted its holdings in shares of Retail Opportunity Investments Corp. by 4.7% during the first quarter. Great West Life Assurance Co. Can now owns 206,941 shares of the real estate investment trust’s stock worth $4,349,000 after purchasing an additional 9,302 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of Retail Opportunity Investments Corp. by 31.3% during the first quarter. Daiwa Securities Group Inc. now owns 8,400 shares of the real estate investment trust’s stock worth $177,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Retail Opportunity Investments Corp. by 3.3% during the first quarter. Bank of New York Mellon Corp now owns 2,041,838 shares of the real estate investment trust’s stock worth $42,939,000 after purchasing an additional 64,874 shares during the last quarter. Institutional investors and hedge funds own 94.92% of the company’s stock.

About Retail Opportunity Investments Corp.

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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