Retail Opportunity Investments Corp (NASDAQ:ROIC) has received an average recommendation of “Hold” from the ten ratings firms that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $22.17.
Several research analysts recently commented on ROIC shares. Zacks Investment Research cut Retail Opportunity Investments from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. BidaskClub cut Retail Opportunity Investments from a “hold” rating to a “sell” rating in a research report on Saturday, January 13th. KeyCorp reaffirmed a “neutral” rating on shares of Retail Opportunity Investments in a research report on Tuesday, October 24th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $22.00 target price on shares of Retail Opportunity Investments in a research report on Monday, October 30th. Finally, Citigroup reduced their target price on Retail Opportunity Investments from $20.50 to $20.00 and set a “neutral” rating for the company in a research report on Monday, October 30th.
Shares of Retail Opportunity Investments (NASDAQ ROIC) traded up $0.25 during mid-day trading on Tuesday, reaching $17.13. The company had a trading volume of 1,790,156 shares, compared to its average volume of 995,737. The company has a market capitalization of $1,880.00, a PE ratio of 55.26, a P/E/G ratio of 2.04 and a beta of 0.58. Retail Opportunity Investments has a 52-week low of $16.21 and a 52-week high of $22.37. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.64 and a current ratio of 1.64.
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About Retail Opportunity Investments
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.
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