Retail Opportunity Investments Corp. (NASDAQ:ROIC)‘s stock had its “neutral” rating reaffirmed by stock analysts at KeyCorp in a research report issued to clients and investors on Tuesday.

Several other brokerages also recently issued reports on ROIC. Zacks Investment Research raised shares of Retail Opportunity Investments Corp. from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Wednesday, July 12th. Royal Bank Of Canada raised shares of Retail Opportunity Investments Corp. from a “sector perform” rating to an “outperform” rating and set a $23.00 price objective for the company in a research report on Thursday, August 17th. Citigroup Inc. reissued a “neutral” rating and set a $19.00 price objective (down previously from $21.00) on shares of Retail Opportunity Investments Corp. in a research report on Monday, July 10th. Robert W. Baird reissued a “buy” rating and set a $22.00 price objective on shares of Retail Opportunity Investments Corp. in a research report on Thursday, August 24th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $25.00 price objective on shares of Retail Opportunity Investments Corp. in a research report on Tuesday, July 25th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $22.14.

Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) traded down 0.74% during midday trading on Tuesday, hitting $18.71. 577,457 shares of the company’s stock were exchanged. Retail Opportunity Investments Corp. has a 52 week low of $18.45 and a 52 week high of $22.37. The company has a 50-day moving average of $19.32 and a 200-day moving average of $19.93. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 57.93 and a beta of 0.68.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last issued its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.29. Retail Opportunity Investments Corp. had a net margin of 13.92% and a return on equity of 2.71%. The company had revenue of $67.97 million during the quarter, compared to the consensus estimate of $68.34 million. During the same quarter in the prior year, the firm earned $0.26 earnings per share. The firm’s revenue was up 14.5% compared to the same quarter last year. Equities research analysts expect that Retail Opportunity Investments Corp. will post $0.35 EPS for the current fiscal year.

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A number of institutional investors and hedge funds have recently made changes to their positions in ROIC. BlackRock Japan Co. Ltd boosted its holdings in Retail Opportunity Investments Corp. by 1.6% during the first quarter. BlackRock Japan Co. Ltd now owns 5,269 shares of the real estate investment trust’s stock worth $106,000 after purchasing an additional 85 shares during the last quarter. Creative Planning boosted its holdings in Retail Opportunity Investments Corp. by 0.4% during the second quarter. Creative Planning now owns 5,434 shares of the real estate investment trust’s stock worth $118,000 after purchasing an additional 19 shares during the last quarter. Tyers Asset Management LLC acquired a new position in Retail Opportunity Investments Corp. during the fourth quarter worth $122,000. Riverhead Capital Management LLC boosted its holdings in Retail Opportunity Investments Corp. by 55.9% during the second quarter. Riverhead Capital Management LLC now owns 7,327 shares of the real estate investment trust’s stock worth $141,000 after purchasing an additional 2,627 shares during the last quarter. Finally, Flinton Capital Management LLC boosted its holdings in Retail Opportunity Investments Corp. by 0.4% during the first quarter. Flinton Capital Management LLC now owns 7,392 shares of the real estate investment trust’s stock worth $155,000 after purchasing an additional 28 shares during the last quarter. Institutional investors and hedge funds own 94.76% 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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