Notable Reporting: Bearish Gap Down for Retail Opportunity Investments Corp After Worse Fundamentals

Notable Reporting: Bearish Gap Down for Retail Opportunity Investments Corp After Worse Fundamentals

The stock of Retail Opportunity Investments Corp (NASDAQ:ROIC) gapped down by $0.04 today and has $20.20 target or 8.00% below today’s $21.96 share price. The 7 months technical chart setup indicates high risk for the $2.41B company. The gap down was reported on Oct, 4 by Barchart.com. If the $20.20 price target is reached, the company will be worth $192.80M less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. The stock decreased 0.77% or $0.17 during the last trading session, hitting $21.96. Retail Opportunity Investments Corp (NASDAQ:ROIC) has risen 12.98% since March 1, 2016 and is uptrending. It has outperformed by 0.76% the S&P500.

Analysts await Retail Opportunity Investments Corp (NASDAQ:ROIC) to report earnings on October, 26. They expect $0.26 EPS, 0.00% or $0.00 from last year’s $0.26 per share. ROIC’s profit will be $28.53 million for 21.12 P/E if the $0.26 EPS becomes a reality. After $0.27 actual EPS reported by Retail Opportunity Investments Corp for the previous quarter, Wall Street now forecasts -3.70% negative EPS growth.

Retail Opportunity Investments Corp (NASDAQ:ROIC) Ratings Coverage

Out of 10 analysts covering Retail Opportunity Investments Corp (NASDAQ:ROIC), 6 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 60% are positive. Retail Opportunity Investments Corp has been the topic of 15 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The rating was maintained by Citigroup with “Neutral” on Monday, August 15. BTIG Research initiated the shares of ROIC in a report on Thursday, August 25 with “Buy” rating. As per Friday, April 1, the company rating was initiated by DA Davidson. The firm earned “Sector Perform” rating on Tuesday, June 14 by RBC Capital Markets. The firm earned “Buy” rating on Monday, August 24 by Canaccord Genuity. As per Wednesday, August 12, the company rating was downgraded by Zacks. The rating was upgraded by Raymond James on Thursday, September 3 to “Strong Buy”. The firm has “Buy” rating given on Wednesday, July 22 by Canaccord Genuity. On Thursday, April 21 the stock rating was initiated by JP Morgan with “Neutral”. Canaccord Genuity maintained the shares of ROIC in a report on Tuesday, March 15 with “Buy” rating.

According to Zacks Investment Research, “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.”

More notable recent Retail Opportunity Investments Corp (NASDAQ:ROIC) news were published by: Fool.com which released: “Retail Opportunity Investments Corp. Caps a Solid Year” on February 24, 2016, also Fool.com with their article: “Retail Opportunity Investments Corp. Raises the Bar” published on April 28, 2016, Fool.com published: “Retail Opportunity Investments Corp. Bags Another Strong Quarter” on July 29, 2016. More interesting news about Retail Opportunity Investments Corp (NASDAQ:ROIC) were released by: Finance.Yahoo.com and their article: “Retail Opportunity Investments Corp. Announces Closing of Common Stock Offering” published on July 12, 2016 as well as Fool.com‘s news article titled: “Is Retail Opportunity Investments Corp. Stock a Buy Now?” with publication date: April 16, 2016.

ROIC Company Profile

Retail Opportunity Investments Corp. (ROIC), incorporated on March 22, 2011, 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 Firm specializes in the acquisition, ownership and management of necessity community and neighborhood shopping centers on the west coast of the United States, anchored by supermarkets and drugstores. The Company’s portfolio consists of approximately 70 retail properties totaling over 8.6 million square feet of gross leasable area (GLA).

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