Retail Opportunity Investments (ROIC) Earns “Overweight” Rating from Capital One Financial

Retail Opportunity Investments (NASDAQ:ROIC)‘s stock had its “overweight” rating reaffirmed by Capital One Financial in a report issued on Monday. Capital One Financial also issued estimates for Retail Opportunity Investments’ Q4 2017 earnings at $0.29 EPS, 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.

ROIC has been the subject of a number of other research reports. Jefferies Group set a $20.00 price objective on Retail Opportunity Investments and gave the company a “hold” rating in a research note on Tuesday, October 31st. Citigroup reduced their price objective on Retail Opportunity Investments from $20.50 to $20.00 and set a “neutral” rating for the company in a research note on Monday, October 30th. Royal Bank of Canada restated a “buy” rating and issued a $22.00 price objective on shares of Retail Opportunity Investments in a research note on Monday, October 30th. BidaskClub downgraded Retail Opportunity Investments from a “sell” rating to a “strong sell” rating in a research note on Tuesday, January 30th. Finally, Zacks Investment Research upgraded Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $22.00.

Retail Opportunity Investments (NASDAQ:ROIC) opened at $17.13 on Monday. The stock has a market capitalization of $1,880.00, a price-to-earnings ratio of 55.26, a price-to-earnings-growth ratio of 2.04 and a beta of 0.58. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.64 and a quick ratio of 1.64. Retail Opportunity Investments has a 12 month low of $16.21 and a 12 month high of $22.37.

Hedge funds have recently bought and sold shares of the company. California Public Employees Retirement System grew its stake in shares of Retail Opportunity Investments by 1.9% during the 2nd quarter. California Public Employees Retirement System now owns 179,500 shares of the real estate investment trust’s stock worth $3,445,000 after acquiring an additional 3,400 shares during the period. AXA grew its stake in shares of Retail Opportunity Investments by 12.6% during the 3rd quarter. AXA now owns 836,024 shares of the real estate investment trust’s stock worth $15,893,000 after acquiring an additional 93,790 shares during the period. Wells Fargo & Company MN grew its stake in shares of Retail Opportunity Investments by 28.1% during the 3rd quarter. Wells Fargo & Company MN now owns 624,633 shares of the real estate investment trust’s stock worth $11,874,000 after acquiring an additional 137,034 shares during the period. Dupont Capital Management Corp grew its stake in shares of Retail Opportunity Investments by 18.5% during 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 acquiring an additional 17,971 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of Retail Opportunity Investments by 7.4% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,097,810 shares of the real estate investment trust’s stock worth $20,870,000 after acquiring an additional 75,869 shares during the period. Institutional investors own 97.90% of the company’s stock.

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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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