Retail Opportunity Investments Corp. (NASDAQ:ROIC) has been given a $20.00 target price by stock analysts at Jefferies Group LLC in a report released on Tuesday. The firm currently has a “hold” rating on the real estate investment trust’s stock. Jefferies Group LLC’s price target would indicate a potential upside of 11.23% from the company’s current price. Jefferies Group also issued estimates for Retail Opportunity Investments Corp.’s Q4 2017 earnings at $0.30 EPS, Q1 2018 earnings at $0.30 EPS, Q2 2018 earnings at $0.30 EPS, Q3 2018 earnings at $0.30 EPS, Q4 2018 earnings at $0.30 EPS, FY2018 earnings at $1.20 EPS, Q1 2019 earnings at $0.30 EPS, Q2 2019 earnings at $0.31 EPS, Q3 2019 earnings at $0.31 EPS and FY2019 earnings at $1.24 EPS.

A number of other research analysts have also weighed in on ROIC. Citigroup Inc. reduced their price objective on Retail Opportunity Investments Corp. from $20.50 to $20.00 and set a “neutral” rating for the company in a research report on Monday. Royal Bank Of Canada reiterated a “buy” rating and set a $22.00 target price on shares of Retail Opportunity Investments Corp. in a research note on Monday. KeyCorp reiterated a “neutral” rating on shares of Retail Opportunity Investments Corp. in a research note on Tuesday, October 24th. Zacks Investment Research downgraded Retail Opportunity Investments Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Finally, FBR & Co set a $23.00 target price on Retail Opportunity Investments Corp. and gave the company a “hold” rating in a research note on Wednesday, October 11th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Retail Opportunity Investments Corp. has an average rating of “Hold” and an average target price of $22.00.

Shares of Retail Opportunity Investments Corp. (NASDAQ ROIC) traded down 1.26% on Tuesday, hitting $17.98. The company had a trading volume of 1,084,688 shares. Retail Opportunity Investments Corp. has a 52 week low of $17.87 and a 52 week high of $22.37.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last posted its quarterly earnings data 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). Retail Opportunity Investments Corp. had a net margin of 14.13% and a return on equity of 2.86%. The company had revenue of $67.97 million for the quarter, compared to the consensus estimate of $68.34 million. During the same period last year, the business earned $0.26 EPS. The firm’s quarterly revenue was up 14.5% on a year-over-year basis. On average, equities analysts predict that Retail Opportunity Investments Corp. will post $0.34 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This piece was originally posted by American Banking News and is the property of of American Banking News. If you are viewing this piece on another domain, it was illegally stolen and republished in violation of United States & international trademark and copyright legislation. The correct version of this piece can be accessed at https://www.americanbankingnews.com/2017/10/31/retail-opportunity-investments-corp-roic-receives-hold-rating-from-jefferies-group-llc.html.

Several hedge funds have recently added to or reduced their stakes in the company. Dupont Capital Management Corp boosted its stake in shares of Retail Opportunity Investments Corp. by 18.5% in the 3rd quarter. Dupont Capital Management Corp now owns 115,126 shares of the real estate investment trust’s stock worth $2,189,000 after buying an additional 17,971 shares during the last quarter. Copeland Capital Management LLC boosted its stake in shares of Retail Opportunity Investments Corp. by 1.8% in the 3rd quarter. Copeland Capital Management LLC now owns 752,571 shares of the real estate investment trust’s stock worth $14,306,000 after buying an additional 13,508 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new position in shares of Retail Opportunity Investments Corp. in the 3rd quarter worth $447,000. State of New Jersey Common Pension Fund D boosted its stake in shares of Retail Opportunity Investments Corp. by 2.7% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 770,000 shares of the real estate investment trust’s stock worth $14,637,000 after buying an additional 20,000 shares during the last quarter. Finally, Loeb Partners Corp boosted its stake in shares of Retail Opportunity Investments Corp. by 23.8% in the 3rd quarter. Loeb Partners Corp now owns 106,700 shares of the real estate investment trust’s stock worth $2,029,000 after buying an additional 20,500 shares during the last quarter. Hedge funds and other institutional investors own 94.87% 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)

Receive News & Ratings for Retail Opportunity Investments Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Retail Opportunity Investments Corp. and related companies with MarketBeat.com's FREE daily email newsletter.