Retail Opportunity Investments (ROIC) Downgraded by BidaskClub to Sell

Retail Opportunity Investments (NASDAQ:ROIC) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a report released on Saturday.

ROIC has been the topic of several other research reports. Jefferies Group lowered shares of Retail Opportunity Investments from a “buy” rating to a “hold” rating and dropped their target price for the company from $25.00 to $21.00 in a research report on Friday, September 15th. Citigroup dropped their target price on shares of Retail Opportunity Investments from $20.50 to $20.00 and set a “neutral” rating on the stock in a research report on Monday, October 30th. Royal Bank of Canada reiterated a “buy” rating and issued a $22.00 target price on shares of Retail Opportunity Investments in a research report on Monday, October 30th. FBR & Co set a $23.00 target price on shares of Retail Opportunity Investments and gave the company a “hold” rating in a research report on Wednesday, October 11th. Finally, Zacks Investment Research upgraded shares of Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $22.00.

Shares of Retail Opportunity Investments (ROIC) opened at $18.76 on Friday. The company has a market cap of $2,060.00, a price-to-earnings ratio of 60.52, a P/E/G ratio of 2.39 and a beta of 0.68. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.06. Retail Opportunity Investments has a 52-week low of $17.87 and a 52-week high of $22.37.

Retail Opportunity Investments (NASDAQ:ROIC) last announced its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.21). Retail Opportunity Investments had a net margin of 14.13% and a return on equity of 2.86%. The company had revenue of $67.97 million during the quarter, compared to analyst estimates of $68.34 million. During the same quarter last year, the business earned $0.26 EPS. The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. equities analysts expect that Retail Opportunity Investments will post 1.13 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of ROIC. Riverhead Capital Management LLC boosted its position in Retail Opportunity Investments by 55.9% during the second quarter. Riverhead Capital Management LLC now owns 7,327 shares of the real estate investment trust’s stock worth $141,000 after acquiring an additional 2,627 shares during the last quarter. Shelton Capital Management boosted its position in Retail Opportunity Investments by 5.6% during the second quarter. Shelton Capital Management now owns 10,858 shares of the real estate investment trust’s stock worth $208,000 after acquiring an additional 579 shares during the last quarter. SG Americas Securities LLC boosted its position in Retail Opportunity Investments by 77.6% during the second quarter. SG Americas Securities LLC now owns 10,965 shares of the real estate investment trust’s stock worth $210,000 after acquiring an additional 4,790 shares during the last quarter. Flinton Capital Management LLC boosted its position in Retail Opportunity Investments by 56.4% during the second quarter. Flinton Capital Management LLC now owns 11,564 shares of the real estate investment trust’s stock worth $222,000 after acquiring an additional 4,172 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in Retail Opportunity Investments during the second quarter worth about $259,000. Hedge funds and other institutional investors own 97.38% of the company’s stock.

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About Retail Opportunity Investments

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.

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