Retail Opportunity Investments Corp (ROIC) Receives Average Recommendation of “Hold” from Analysts

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.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Chilton Capital Management LLC lifted its holdings in shares of Retail Opportunity Investments by 5.4% during the fourth quarter. Chilton Capital Management LLC now owns 523,418 shares of the real estate investment trust’s stock valued at $10,442,000 after acquiring an additional 26,831 shares during the period. Renaissance Technologies LLC bought a new position in shares of Retail Opportunity Investments during the fourth quarter valued at $2,071,000. Geode Capital Management LLC lifted its holdings in shares of Retail Opportunity Investments by 8.3% during the fourth quarter. Geode Capital Management LLC now owns 1,257,281 shares of the real estate investment trust’s stock valued at $25,082,000 after acquiring an additional 96,639 shares during the period. Cbre Clarion Securities LLC bought a new position in shares of Retail Opportunity Investments during the fourth quarter valued at $20,920,000. Finally, Ramsey Quantitative Systems bought a new position in shares of Retail Opportunity Investments during the fourth quarter valued at $269,000. 97.90% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Retail Opportunity Investments (NASDAQ:ROIC)

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