Is there a Bearish outlook for Retail Opportunity Investments Corp. (NASDAQ:ROIC) this week?

May 18, 2018 - By Marie Mckinney

Retail Opportunity Investments Corp. (NASDAQ:ROIC) Ratings Coverage

Among 5 analysts covering Retail Opportunity Inv (NASDAQ:ROIC), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. Retail Opportunity Inv had 6 analyst reports since February 28, 2018 according to SRatingsIntel. On Friday, April 13 the stock rating was maintained by Jefferies with “Hold”. The firm has “Buy” rating given on Monday, March 5 by RBC Capital Markets. Robert W. Baird maintained it with “Buy” rating and $20.0 target in Tuesday, March 20 report. The rating was maintained by Citigroup with “Neutral” on Wednesday, February 28. JP Morgan maintained Retail Opportunity Investments Corp. (NASDAQ:ROIC) rating on Friday, March 16. JP Morgan has “Neutral” rating and $19 target. Jefferies maintained the stock with “Hold” rating in Tuesday, February 27 report. Below is a list of Retail Opportunity Investments Corp. (NASDAQ:ROIC) latest ratings and price target changes.

13/04/2018 Broker: Jefferies Rating: Hold New Target: $17.0000 Maintain
20/03/2018 Broker: Robert W. Baird Rating: Buy New Target: $20.0 Maintain
16/03/2018 Broker: JP Morgan Old Rating: Neutral New Rating: Neutral Old Target: $20 New Target: $19 Maintain
05/03/2018 Broker: RBC Capital Markets Rating: Buy New Target: $21.0 Maintain
27/02/2018 Broker: Jefferies Rating: Hold New Target: $18.0 Maintain
28/02/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $20 New Target: $18.5 Maintain

The stock increased 0.76% or $0.13 during the last trading session, reaching $17.22. About 1.61 million shares traded or 18.89% up from the average. Retail Opportunity Investments Corp. (NASDAQ:ROIC) has declined 17.61% since May 18, 2017 and is downtrending. It has underperformed by 29.16% the S&P500.

Retail Opportunity Investments Corp., a real estate investment trust , engages in the acquisition, ownership, and management of necessity community and neighborhood shopping centers in the eastern and western regions of the United States. The company has market cap of $2.14 billion. As of December 31, 2011, its portfolio consisted of 30 owned retail properties totaling approximately 3.2 million square feet of gross leasable area. It has a 49.48 P/E ratio. The firm has elected to be taxed as a REIT, for U.S. federal income tax purposes.

More recent Retail Opportunity Investments Corp. (NASDAQ:ROIC) news were published by: Businesswire.com which released: “Seasoned Real Estate Investment Professionals Complete $345 Million Nasdaq IPO of Trinity Merger Corp.” on May 17, 2018. Also Globenewswire.com published the news titled: “Retail Opportunity Investments Corp. Reports 2018 First Quarter Results” on April 25, 2018. Seekingalpha.com‘s news article titled: “Retail Opportunity Investments’ (ROIC) CEO Stuart Tanz on Q1 2018 Results – Earnings Call Transcript” with publication date: April 26, 2018 was also an interesting one.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) Ratings Chart

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