Retail Opportunity Investments Corp. (NASDAQ:ROIC) Stock Rating Reaffirmed by 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 target price on the real estate investment trust’s stock. Jefferies Group LLC’s price objective would indicate a potential upside of 24.81% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Retail Opportunity Investments Corp. from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Wednesday, July 12th. BidaskClub raised shares of Retail Opportunity Investments Corp. from a “sell” rating to a “hold” rating in a research note on Sunday, July 16th. Citigroup Inc. reaffirmed a “neutral” rating and issued a $21.00 price target (down from $22.00) on shares of Retail Opportunity Investments Corp. in a research note on Tuesday, June 6th. TheStreet downgraded shares of Retail Opportunity Investments Corp. from a “b” rating to a “c+” rating in a research note on Friday, April 28th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $26.00 price objective on shares of Retail Opportunity Investments Corp. in a report on Thursday, April 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. Retail Opportunity Investments Corp. has a consensus rating of “Hold” and a consensus price target of $23.14.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) traded down 0.69% on Tuesday, reaching $20.03. 715,729 shares of the company traded hands. Retail Opportunity Investments Corp. has a 52-week low of $18.45 and a 52-week high of $22.98.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last announced its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by $0.01. Retail Opportunity Investments Corp. had a return on equity of 2.71% and a net margin of 13.92%. The firm had revenue of $66.64 million for the quarter, compared to the consensus estimate of $66.18 million. During the same period in the prior year, the business earned $0.27 EPS. Retail Opportunity Investments Corp.’s quarterly revenue was up 13.6% on a year-over-year basis. On average, analysts forecast that Retail Opportunity Investments Corp. will post $0.37 earnings per share for the current year.

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Several hedge funds have recently bought and sold shares of ROIC. BlackRock Inc. raised its stake in Retail Opportunity Investments Corp. by 2.0% in the second quarter. BlackRock Inc. now owns 17,311,892 shares of the real estate investment trust’s stock valued at $332,216,000 after buying an additional 344,463 shares during the period. State Street Corp raised its stake in Retail Opportunity Investments Corp. by 5.5% in the first quarter. State Street Corp now owns 4,089,895 shares of the real estate investment trust’s stock valued at $86,009,000 after buying an additional 212,213 shares during the period. RidgeWorth Capital Management LLC purchased a new stake in Retail Opportunity Investments Corp. during the first quarter worth $67,315,000. Thompson Siegel & Walmsley LLC raised its stake in Retail Opportunity Investments Corp. by 49.2% in the second quarter. Thompson Siegel & Walmsley LLC now owns 2,277,673 shares of the real estate investment trust’s stock worth $43,709,000 after buying an additional 750,851 shares during the period. Finally, Hermes Investment Management Ltd. raised its stake in Retail Opportunity Investments Corp. by 1.8% in the first quarter. Hermes Investment Management Ltd. now owns 2,051,014 shares of the real estate investment trust’s stock worth $43,133,000 after buying an additional 36,627 shares during the period. 96.55% of the stock is currently owned by institutional investors.

About Retail Opportunity Investments Corp.

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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