Analyst Rating Update on Retail Opportunity Investments (ROIC)

Retail Opportunity Investments (NASDAQ:ROIC) : 5 brokerage houses believe that Retail Opportunity Investments (NASDAQ:ROIC) is a Strong Buy at current levels. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Retail Opportunity Investments (NASDAQ:ROIC). Zacks Investment Research suggests a Buy with a rank of 2. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 11 Wall Street Analysts endorse the stock as a Buy with a rating of 2.18.

Retail Opportunity Investments (NASDAQ:ROIC) : 9 Wall Street analysts covering Retail Opportunity Investments (NASDAQ:ROIC) believe that the average level the stock could reach for the short term is $21.33. The maximum price target given is $24 and the minimum target for short term is around $19, hence the standard deviation is calculated at $1.94.

For the current week, the company shares have a recommendation consensus of Buy. Also, RBC Capital initiates coverage on Retail Opportunity Investments (NASDAQ:ROIC). The current rating of the shares is Sector Perform, according to the research report released by the firm. The rating by the firm was issued on June 14, 2016.

Retail Opportunity Investments (NASDAQ:ROIC): stock turned positive on Tuesday. Though the stock opened at $20.65, the bulls momentum made the stock top out at $21.48 level for the day. The stock recorded a low of $20.6 and closed the trading day at $21.45, in the green by 3.87%. The total traded volume for the day was 1,365,272. The stock had closed at $20.65 in the previous days trading.

Retail Opportunity Investments Corp. (ROIC) is an integrated, self-managed real estate investment trust (REIT). The Company is engaged in the ownership, management, and redevelopment of retail real estate properties. The Company also operates 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. The Company focuses on acquiring shopping centers located in densely populated, supply-constrained metropolitan markets in the western regions of the United States. The Company also focuses on acquiring necessity-based community and neighborhood shopping centers anchored by national and regional supermarkets and drugstores. The Companys wholly-owned subsidiary, Retail Opportunity Investments GP, LLC, is the general partner of the Operating Partnership.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.