Retail Opportunity Investments (ROIC) Receives Analyst Rating

Retail Opportunity Investments (ROIC) : 10 analysts are covering Retail Opportunity Investments (ROIC) and their average rating on the stock is 2.1, which is read as a Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Retail Opportunity Investments (ROIC) has been rated by 8 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $26 and the lowest price target forecast is $20. The average forecast of all the analysts is $23.75 and the expected standard deviation is $2.43.


Also, BTIG Research initiates coverage on Retail Opportunity Investments (NASDAQ:ROIC). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm announces the price target at $25 per share. The rating by the firm was issued on August 25, 2016.

Retail Opportunity Investments (NASDAQ:ROIC): After opening at $21.1, the stock dipped to an intraday low of $21.08 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $21.3 and the buying power remained strong till the end. The stock closed at $21.25 for the day, a gain of 0.24% for the day session. The total traded volume was 558,605. The stocks close on the previous trading day was $21.2.

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.

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