Retail Opportunity Investments Corp. (NASDAQ:ROIC) Earns “Buy” Rating from Jefferies Group LLC

Retail Opportunity Investments Corp. (NASDAQ:ROIC)‘s stock had its “buy” rating reaffirmed by investment analysts at Jefferies Group LLC in a report issued on Tuesday, July 25th. They presently have a $25.00 price target on the real estate investment trust’s stock. Jefferies Group LLC’s price objective would suggest a potential upside of 22.97% from the company’s previous close.

A number of other research analysts have also issued reports on ROIC. Zacks Investment Research raised shares of Retail Opportunity Investments Corp. from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Thursday, April 27th. Canaccord Genuity restated a “buy” rating and set a $26.00 price target on shares of Retail Opportunity Investments Corp. in a research report on Thursday, April 27th. TheStreet downgraded shares of Retail Opportunity Investments Corp. from a “b” rating to a “c+” rating in a research report on Friday, April 28th. Citigroup Inc. restated a “neutral” rating and set a $21.00 price target (down from $22.00) on shares of Retail Opportunity Investments Corp. in a research report on Tuesday, June 6th. Finally, BidaskClub upgraded shares of Retail Opportunity Investments Corp. from a “sell” rating to a “hold” rating in a research report on Sunday, July 16th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $23.14.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) opened at 20.33 on Tuesday. The stock has a market cap of $2.23 billion, a PE ratio of 62.94 and a beta of 0.69. Retail Opportunity Investments Corp. has a one year low of $18.45 and a one year high of $22.98.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last posted its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by $0.01. The firm had revenue of $66.64 million for the quarter, compared to analyst estimates of $66.18 million. Retail Opportunity Investments Corp. had a net margin of 13.92% and a return on equity of 2.71%. The company’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.27 earnings per share. Analysts anticipate that Retail Opportunity Investments Corp. will post $0.36 EPS for the current fiscal year.

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Several hedge funds have recently added to or reduced their stakes in ROIC. BlackRock Inc. boosted its position in shares of Retail Opportunity Investments Corp. by 8,069.6% in the first quarter. BlackRock Inc. now owns 16,967,429 shares of the real estate investment trust’s stock worth $356,825,000 after buying an additional 16,759,738 shares during the period. RidgeWorth Capital Management LLC bought a new position in shares of Retail Opportunity Investments Corp. during the first quarter worth about $67,315,000. Deprince Race & Zollo Inc. bought a new position in shares of Retail Opportunity Investments Corp. during the second quarter worth about $32,598,000. Norges Bank bought a new position in shares of Retail Opportunity Investments Corp. during the fourth quarter worth about $23,927,000. Finally, Russell Investments Group Ltd. boosted its position in shares of Retail Opportunity Investments Corp. by 206.0% in the second quarter. Russell Investments Group Ltd. now owns 1,023,235 shares of the real estate investment trust’s stock worth $19,635,000 after buying an additional 688,874 shares during the period. Institutional investors and hedge funds own 96.58% 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)

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