Retail Opportunity Investments Corp. (NASDAQ:ROIC)‘s stock had its “buy” rating reissued by equities research analysts at Royal Bank Of Canada in a report issued on Monday. They currently have a $22.00 price target on the real estate investment trust’s stock. Royal Bank Of Canada’s price target would suggest a potential upside of 20.81% from the stock’s current price.

Other equities analysts have also issued research reports about the company. Citigroup Inc. lowered their price objective on Retail Opportunity Investments Corp. from $20.50 to $20.00 and set a “neutral” rating on the stock in a research note on Monday. Zacks Investment Research lowered Retail Opportunity Investments Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. BidaskClub upgraded Retail Opportunity Investments Corp. from a “sell” rating to a “hold” rating in a research note on Sunday, July 16th. KeyCorp restated a “neutral” rating on shares of Retail Opportunity Investments Corp. in a research note on Tuesday, October 24th. Finally, Jefferies Group LLC lowered Retail Opportunity Investments Corp. from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $25.00 to $21.00 in a research note on Friday, September 15th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $22.14.

Shares of Retail Opportunity Investments Corp. (ROIC) traded down 0.87% during mid-day trading on Monday, hitting $18.21. The stock had a trading volume of 792,358 shares. The stock has a 50 day moving average of $19.13 and a 200-day moving average of $19.84. Retail Opportunity Investments Corp. has a 52 week low of $18.03 and a 52 week high of $22.37.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last announced its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.21). The firm had revenue of $67.97 million for the quarter, compared to the consensus estimate of $68.34 million. Retail Opportunity Investments Corp. had a return on equity of 2.86% and a net margin of 14.13%. Retail Opportunity Investments Corp.’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter last year, the business posted $0.26 EPS. On average, equities analysts anticipate that Retail Opportunity Investments Corp. will post $0.35 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in ROIC. BlackRock Inc. boosted its holdings in shares of Retail Opportunity Investments Corp. by 8,069.6% during the 1st quarter. BlackRock Inc. now owns 16,967,429 shares of the real estate investment trust’s stock valued at $356,825,000 after acquiring an additional 16,759,738 shares in the last quarter. Deprince Race & Zollo Inc. acquired a new stake in shares of Retail Opportunity Investments Corp. during the 2nd quarter valued at $32,598,000. Thompson Siegel & Walmsley LLC boosted its holdings in shares of Retail Opportunity Investments Corp. by 49.2% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 2,277,673 shares of the real estate investment trust’s stock valued at $43,709,000 after acquiring an additional 750,851 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Retail Opportunity Investments Corp. by 206.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,023,235 shares of the real estate investment trust’s stock valued at $19,635,000 after acquiring an additional 688,874 shares in the last quarter. Finally, Jennison Associates LLC boosted its holdings in shares of Retail Opportunity Investments Corp. by 52.4% during the 2nd quarter. Jennison Associates LLC now owns 1,281,342 shares of the real estate investment trust’s stock valued at $24,589,000 after acquiring an additional 440,421 shares in the last quarter. 94.87% of the stock is currently owned by institutional investors.

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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