Research analysts at Jefferies Group assumed coverage on shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) in a note issued to investors on Friday. The brokerage set a “buy” rating on the real estate investment trust’s stock.

Several other research analysts also recently weighed in on ROIC. Zacks Investment Research upgraded Retail Opportunity Investments Corp. from a “sell” rating to a “buy” rating and set a $25.00 price target for the company in a research note on Thursday, July 21st. FBR & Co upped their price objective on Retail Opportunity Investments Corp. from $20.00 to $22.00 and gave the stock a “hold” rating in a report on Monday, August 1st. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of Retail Opportunity Investments Corp. in a report on Tuesday, August 9th. Citigroup Inc. upped their price objective on Retail Opportunity Investments Corp. from $20.00 to $21.50 and gave the stock a “neutral” rating in a report on Monday, August 15th. Finally, Canaccord Genuity upped their price objective on Retail Opportunity Investments Corp. from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Tuesday, August 16th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $22.00.

Analyst Recommendations for Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) opened at 19.79 on Friday. Retail Opportunity Investments Corp. has a 12-month low of $16.90 and a 12-month high of $23.05. The company has a 50-day moving average of $0.00 and a 200 day moving average of $0.00.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last posted its quarterly earnings results on Tuesday, October 25th. The real estate investment trust reported $0.26 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.26. Retail Opportunity Investments Corp. had a return on equity of 2.49% and a net margin of 13.33%. The business earned $59.40 million during the quarter, compared to the consensus estimate of $59.71 million. During the same period in the prior year, the company posted $0.26 EPS. The firm’s revenue for the quarter was up 18.6% compared to the same quarter last year. Analysts expect that Retail Opportunity Investments Corp. will post $1.06 earnings per share for the current fiscal year.

In related news, Director Michael J. Indiveri purchased 2,900 shares of the firm’s stock in a transaction that occurred on Thursday, August 25th. The shares were bought at an average price of $22.33 per share, for a total transaction of $64,757.00. Following the acquisition, the director now owns 45,139 shares of the company’s stock, valued at approximately $1,007,953.87. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.30% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Emerald Acquisition Ltd. acquired a new position in shares of Retail Opportunity Investments Corp. during the second quarter valued at approximately $24,429,000. BlackRock Fund Advisors increased its position in shares of Retail Opportunity Investments Corp. by 16.7% in the third quarter. BlackRock Fund Advisors now owns 7,421,994 shares of the real estate investment trust’s stock valued at $162,987,000 after buying an additional 1,060,970 shares during the period. Hermes Investment Management Ltd. acquired a new position in shares of Retail Opportunity Investments Corp. during the second quarter valued at approximately $19,253,000. Price T Rowe Associates Inc. MD increased its position in shares of Retail Opportunity Investments Corp. by 19.6% in the third quarter. Price T Rowe Associates Inc. MD now owns 5,189,630 shares of the real estate investment trust’s stock valued at $113,964,000 after buying an additional 849,780 shares during the period. Finally, BlackRock Institutional Trust Company N.A. increased its position in shares of Retail Opportunity Investments Corp. by 21.9% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 4,610,780 shares of the real estate investment trust’s stock valued at $101,253,000 after buying an additional 828,285 shares during the period. 87.51% of the stock is currently owned by institutional investors.

About Retail Opportunity Investments Corp.

Retail Opportunity Investments Corp. is an integrated, self-managed real estate investment trust (REIT). The Company’s primary business is the ownership, management and redevelopment of retail real estate properties. 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.

5 Day Chart for NASDAQ:ROIC

Receive News & Stock Ratings for Retail Opportunity Investments Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Retail Opportunity Investments Corp. and related stocks with our FREE daily email newsletter.