Zacks Investment Research upgraded shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) from a sell rating to a hold rating in a research report sent to investors on Wednesday.

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. “

A number of other analysts have also recently commented on the stock. Jefferies Group assumed coverage on shares of Retail Opportunity Investments Corp. in a report on Friday, November 18th. They set a buy rating and a $25.00 target price for the company. FBR & Co reiterated a hold rating on shares of Retail Opportunity Investments Corp. in a research report on Wednesday, October 26th. Canaccord Genuity upped their price target on shares of Retail Opportunity Investments Corp. from $19.00 to $20.00 and gave the stock a buy rating in a research report on Thursday, August 25th. BTIG Research assumed coverage on shares of Retail Opportunity Investments Corp. in a research report on Thursday, August 25th. They issued a buy rating and a $25.00 price target for the company. Finally, Citigroup Inc. upped their price target on shares of Retail Opportunity Investments Corp. from $20.00 to $21.50 and gave the stock a neutral rating in a research report on Monday, August 15th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Retail Opportunity Investments Corp. has an average rating of Buy and an average target price of $22.27.

Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) remained flat at $20.62 during trading on Wednesday. The company’s stock had a trading volume of 543,220 shares. Retail Opportunity Investments Corp. has a one year low of $16.90 and a one year high of $23.05. The firm has a market capitalization of $2.25 billion, a P/E ratio of 70.38 and a beta of 0.55. The stock’s 50-day moving average is $20.25 and its 200 day moving average is $21.25.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last announced its earnings results on Tuesday, October 25th. The real estate investment trust reported $0.26 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.26. Retail Opportunity Investments Corp. had a net margin of 13.33% and a return on equity of 2.49%. The business earned $59.40 million during the quarter, compared to analysts’ expectations of $59.71 million. During the same period in the prior year, the company earned $0.26 earnings per share. The firm’s revenue was up 18.6% on a year-over-year basis. On average, equities research analysts anticipate that Retail Opportunity Investments Corp. will post $1.06 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the stock. Creative Planning raised its position in Retail Opportunity Investments Corp. by 0.4% in the second quarter. Creative Planning now owns 5,434 shares of the real estate investment trust’s stock valued at $118,000 after buying an additional 19 shares during the period. Invictus RG acquired a new position in Retail Opportunity Investments Corp. during the second quarter valued at approximately $128,000. US Bancorp DE raised its position in Retail Opportunity Investments Corp. by 65.3% in the second quarter. US Bancorp DE now owns 6,922 shares of the real estate investment trust’s stock valued at $150,000 after buying an additional 2,735 shares during the period. Societe Generale acquired a new position in Retail Opportunity Investments Corp. during the second quarter valued at approximately $160,000. Finally, Catalyst Capital Advisors LLC acquired a new position in Retail Opportunity Investments Corp. during the third quarter valued at approximately $183,000. Institutional investors and hedge funds own 88.25% of the company’s stock.

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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.

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