Retail Opportunity Investments (NASDAQ:ROIC) Upgraded by StockNews.com to “Hold”

Retail Opportunity Investments (NASDAQ:ROICGet Rating) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report issued on Friday.

Other equities research analysts have also recently issued research reports about the company. Wells Fargo & Company boosted their price objective on Retail Opportunity Investments from $17.00 to $19.00 and gave the company an “underweight” rating in a research note on Thursday, April 7th. Capital One Financial reiterated an “equal weight” rating on shares of Retail Opportunity Investments in a research note on Monday, April 18th. TheStreet upgraded Retail Opportunity Investments from a “c+” rating to a “b-” rating in a research note on Monday, April 25th. Finally, Jefferies Financial Group reduced their price objective on Retail Opportunity Investments from $20.00 to $15.00 in a research note on Thursday, June 30th.

Retail Opportunity Investments Stock Performance

Shares of ROIC opened at $17.11 on Friday. The stock has a 50 day moving average price of $16.50 and a 200 day moving average price of $17.83. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of 40.74, a price-to-earnings-growth ratio of 2.01 and a beta of 1.36. Retail Opportunity Investments has a 52-week low of $15.06 and a 52-week high of $20.09.

Retail Opportunity Investments (NASDAQ:ROICGet Rating) last announced its quarterly earnings results on Tuesday, July 26th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.17). Retail Opportunity Investments had a net margin of 17.65% and a return on equity of 3.85%. During the same period last year, the company earned $0.25 earnings per share. Research analysts predict that Retail Opportunity Investments will post 1.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Retail Opportunity Investments

Several large investors have recently modified their holdings of ROIC. Bank of America Corp DE raised its position in Retail Opportunity Investments by 7.9% in the fourth quarter. Bank of America Corp DE now owns 400,757 shares of the real estate investment trust’s stock worth $7,855,000 after acquiring an additional 29,467 shares in the last quarter. Mutual of America Capital Management LLC raised its position in Retail Opportunity Investments by 5.5% in the first quarter. Mutual of America Capital Management LLC now owns 17,497 shares of the real estate investment trust’s stock worth $339,000 after acquiring an additional 908 shares in the last quarter. Citigroup Inc. raised its position in Retail Opportunity Investments by 3.2% in the fourth quarter. Citigroup Inc. now owns 231,162 shares of the real estate investment trust’s stock worth $4,531,000 after acquiring an additional 7,223 shares in the last quarter. Whittier Trust Co. raised its position in Retail Opportunity Investments by 6.1% in the first quarter. Whittier Trust Co. now owns 115,736 shares of the real estate investment trust’s stock worth $2,243,000 after acquiring an additional 6,646 shares in the last quarter. Finally, First Trust Advisors LP raised its position in Retail Opportunity Investments by 104.3% in the fourth quarter. First Trust Advisors LP now owns 118,945 shares of the real estate investment trust’s stock worth $2,331,000 after acquiring an additional 60,736 shares in the last quarter. Hedge funds and other institutional investors own 96.17% of the company’s stock.

Retail Opportunity Investments Company Profile

(Get Rating)

Retail Opportunity Investments Corp. (NASDAQ: ROIC), is a fully-integrated, self-managed real estate investment trust (REIT) that specializes in the acquisition, ownership and management of grocery-anchored shopping centers located in densely populated, metropolitan markets across the West Coast. As of September 30, 2020, ROIC owned 88 shopping centers encompassing approximately 10.1 million square feet.

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