Recent Research Analysts’ Ratings Updates for Retail Opportunity Investments (ROIC)

A number of research firms have changed their ratings and price targets for Retail Opportunity Investments (NASDAQ: ROIC):

  • 9/24/2018 – Retail Opportunity Investments was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 9/22/2018 – Retail Opportunity Investments was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Retail Opportunity Investments Corp. is a corporation that intends to qualify as a REIT for U.S. federal incoming tax purposes and that expects to invest in, acquire, own, lease, reposition and manage a diverse portfolio of necessity-based retail properties. This includes primarily, well located community and neighborhood shopping centers, anchored by national or regional supermarkets and drugstores. The company may also acquire other retail properties, including power centers, regional malls lifestyle centers and single-tenant retail locations that are leased to national, regional and local tenants. In addition, the Company may supplement its direct purchases of retail properties with first mortgages or second mortgages, mezzanine loans, bridge or other loans or debt investments related to retail properties, in each case provided that the underlying real estate meets the Company’s criteria for direct investment. “
  • 9/21/2018 – Retail Opportunity Investments was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 9/18/2018 – Retail Opportunity Investments is now covered by analysts at BMO Capital Markets. They set a “hold” rating and a $20.00 price target on the stock.
  • 8/28/2018 – Retail Opportunity Investments was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 8/16/2018 – Retail Opportunity Investments was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Retail Opportunity Investments Corp. is a corporation that intends to qualify as a REIT for U.S. federal incoming tax purposes and that expects to invest in, acquire, own, lease, reposition and manage a diverse portfolio of necessity-based retail properties. This includes primarily, well located community and neighborhood shopping centers, anchored by national or regional supermarkets and drugstores. The company may also acquire other retail properties, including power centers, regional malls lifestyle centers and single-tenant retail locations that are leased to national, regional and local tenants. In addition, the Company may supplement its direct purchases of retail properties with first mortgages or second mortgages, mezzanine loans, bridge or other loans or debt investments related to retail properties, in each case provided that the underlying real estate meets the Company’s criteria for direct investment. “
  • 8/2/2018 – Retail Opportunity Investments was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/31/2018 – Retail Opportunity Investments had its price target raised by analysts at Wells Fargo & Co from $16.50 to $18.00. They now have a “market perform” rating on the stock.

Shares of NASDAQ:ROIC opened at $18.43 on Wednesday. Retail Opportunity Investments Corp has a twelve month low of $16.17 and a twelve month high of $20.14. The company has a debt-to-equity ratio of 1.17, a quick ratio of 3.74 and a current ratio of 3.74. The company has a market capitalization of $2.10 billion, a P/E ratio of 16.17, a price-to-earnings-growth ratio of 2.61 and a beta of 0.56.

Retail Opportunity Investments (NASDAQ:ROIC) last issued its quarterly earnings results on Wednesday, July 25th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.23). Retail Opportunity Investments had a return on equity of 2.90% and a net margin of 13.23%. The business had revenue of $72.34 million during the quarter, compared to analyst estimates of $73.23 million. During the same quarter last year, the company posted $0.27 EPS. Retail Opportunity Investments’s quarterly revenue was up 8.6% compared to the same quarter last year. analysts forecast that Retail Opportunity Investments Corp will post 1.16 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 27th. Investors of record on Thursday, September 13th will be issued a $0.195 dividend. The ex-dividend date of this dividend is Wednesday, September 12th. This represents a $0.78 annualized dividend and a yield of 4.23%. Retail Opportunity Investments’s dividend payout ratio (DPR) is presently 68.42%.

A number of large investors have recently modified their holdings of the stock. State of Alaska Department of Revenue increased its holdings in Retail Opportunity Investments by 6.4% in the 2nd quarter. State of Alaska Department of Revenue now owns 50,600 shares of the real estate investment trust’s stock worth $968,000 after buying an additional 3,029 shares during the period. Municipal Employees Retirement System of Michigan increased its holdings in Retail Opportunity Investments by 8.1% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 44,900 shares of the real estate investment trust’s stock worth $793,000 after buying an additional 3,370 shares during the period. California Public Employees Retirement System increased its holdings in Retail Opportunity Investments by 2.2% in the 1st quarter. California Public Employees Retirement System now owns 192,291 shares of the real estate investment trust’s stock worth $3,398,000 after buying an additional 4,055 shares during the period. New York State Common Retirement Fund boosted its position in Retail Opportunity Investments by 3.6% in the 1st quarter. New York State Common Retirement Fund now owns 118,800 shares of the real estate investment trust’s stock worth $2,099,000 after purchasing an additional 4,100 shares in the last quarter. Finally, Profund Advisors LLC boosted its position in Retail Opportunity Investments by 25.6% in the 1st quarter. Profund Advisors LLC now owns 20,640 shares of the real estate investment trust’s stock worth $365,000 after purchasing an additional 4,201 shares in the last quarter.

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 June 30, 2018, ROIC owned 92 shopping centers encompassing approximately 10.6 million square feet.

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