Retail Opportunity Investments Corp. (NASDAQ:ROIC) was downgraded by analysts at Jefferies Group LLC from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday. They presently have a $21.00 target price on the real estate investment trust’s stock, down from their prior target price of $25.00. Jefferies Group LLC’s price objective points to a potential upside of 5.85% from the stock’s previous close. Jefferies Group also issued estimates for Retail Opportunity Investments Corp.’s Q4 2017 earnings at $0.29 EPS, FY2017 earnings at $1.14 EPS and FY2018 earnings at $1.21 EPS.

Other equities analysts also recently issued reports about the stock. Robert W. Baird reiterated a “buy” rating and issued a $22.00 price objective on shares of Retail Opportunity Investments Corp. in a report on Thursday, August 24th. Zacks Investment Research upgraded shares of Retail Opportunity Investments Corp. from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Wednesday, July 12th. KeyCorp restated a “hold” rating on shares of Retail Opportunity Investments Corp. in a research note on Friday, August 25th. Royal Bank Of Canada restated a “hold” rating and issued a $23.00 price target on shares of Retail Opportunity Investments Corp. in a research note on Thursday, July 27th. Finally, BidaskClub upgraded shares of Retail Opportunity Investments Corp. from a “sell” rating to a “hold” rating in a research note on Sunday, July 16th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Retail Opportunity Investments Corp. presently has an average rating of “Hold” and an average target price of $22.14.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) opened at 19.84 on Friday. The company has a market capitalization of $2.18 billion, a P/E ratio of 61.42 and a beta of 0.69. Retail Opportunity Investments Corp. has a 12-month low of $18.45 and a 12-month high of $22.63. The stock’s 50 day moving average is $20.09 and its 200-day moving average is $20.32.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last released its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.01). Retail Opportunity Investments Corp. had a net margin of 13.92% and a return on equity of 2.71%. The company had revenue of $66.64 million during the quarter, compared to analyst estimates of $66.18 million. During the same quarter in the prior year, the firm earned $0.27 earnings per share. Retail Opportunity Investments Corp.’s revenue for the quarter was up 13.6% on a year-over-year basis. On average, equities analysts predict that Retail Opportunity Investments Corp. will post $0.33 earnings per share for the current fiscal year.

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Institutional investors have recently made changes to their positions in the business. Credit Agricole S A grew its stake in Retail Opportunity Investments Corp. by 37.4% during the first quarter. Credit Agricole S A now owns 96,030 shares of the real estate investment trust’s stock worth $2,020,000 after buying an additional 26,153 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in Retail Opportunity Investments Corp. by 9.2% during the first quarter. Schwab Charles Investment Management Inc. now owns 958,803 shares of the real estate investment trust’s stock worth $20,164,000 after buying an additional 80,452 shares in the last quarter. Bank of Montreal Can grew its stake in Retail Opportunity Investments Corp. by 560.6% during the second quarter. Bank of Montreal Can now owns 19,090 shares of the real estate investment trust’s stock worth $367,000 after buying an additional 16,200 shares in the last quarter. BlackRock Inc. grew its stake in Retail Opportunity Investments Corp. by 8,069.6% during 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 in the last quarter. Finally, Menta Capital LLC acquired a new stake in Retail Opportunity Investments Corp. during the first quarter worth about $797,000. Hedge funds and other institutional investors own 94.92% of the company’s stock.

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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