Retail Opportunity Investments Corp (NASDAQ:ROIC) – Equities researchers at Capital One Financial decreased their Q4 2017 earnings estimates for Retail Opportunity Investments in a report released on Monday. Capital One Financial analyst C. Lucas now expects that the real estate investment trust will post earnings per share of $0.29 for the quarter, down from their previous forecast of $0.30. Capital One Financial has a “Overweight” rating on the stock. Capital One Financial also issued estimates for Retail Opportunity Investments’ Q1 2018 earnings at $0.29 EPS, Q2 2018 earnings at $0.29 EPS, Q3 2018 earnings at $0.30 EPS, Q4 2018 earnings at $0.31 EPS, FY2018 earnings at $1.19 EPS and FY2019 earnings at $1.24 EPS.
Several other analysts also recently commented on the stock. BidaskClub downgraded shares of Retail Opportunity Investments from a “sell” rating to a “strong sell” rating in a research report on Tuesday, January 30th. Zacks Investment Research downgraded shares of Retail Opportunity Investments from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Jefferies Group set a $20.00 price target on shares of Retail Opportunity Investments and gave the company a “hold” rating in a research report on Tuesday, October 31st. Royal Bank of Canada reiterated a “buy” rating and issued a $22.00 price target on shares of Retail Opportunity Investments in a research report on Monday, October 30th. Finally, Citigroup reduced their price target on shares of 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. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. Retail Opportunity Investments has an average rating of “Hold” and an average target price of $22.00.
A number of institutional investors have recently made changes to their positions in ROIC. Shelton Capital Management raised its position in Retail Opportunity Investments by 5.6% during the 2nd quarter. Shelton Capital Management now owns 10,858 shares of the real estate investment trust’s stock worth $208,000 after buying an additional 579 shares during the last quarter. FDx Advisors Inc. purchased a new position in Retail Opportunity Investments during the 4th quarter worth $221,000. Cubist Systematic Strategies LLC purchased a new position in Retail Opportunity Investments during the 2nd quarter worth $259,000. Eaton Vance Management purchased a new position in Retail Opportunity Investments during the 4th quarter worth $267,000. Finally, Ramsey Quantitative Systems purchased a new position in Retail Opportunity Investments during the 4th quarter worth $269,000. Institutional investors own 97.90% of the company’s stock.
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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