The stock of Retail Opportunity Investments Corp (NASDAQ:ROIC) is a huge mover today! The stock decreased 0.77% or $0.17 during the last trading session, hitting $21.96. Retail Opportunity Investments Corp (NASDAQ:ROIC) has risen 9.25% since March 2, 2016 and is uptrending. It has outperformed by 0.99% the S&P500.
The move comes after 6 months negative chart setup for the $2.41B company. It was reported on Oct, 6 by Barchart.com. We have $20.20 PT which if reached, will make NASDAQ:ROIC worth $192.80M less.
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 $28.53M 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 firm earned “Market Perform” rating on Thursday, March 17 by FBR Capital. The rating was initiated by RBC Capital Markets with “Sector Perform” on Tuesday, June 14. On Wednesday, August 12 the stock rating was downgraded by Zacks to “Buy”. As per Thursday, September 3, the company rating was upgraded by Raymond James. The stock of Retail Opportunity Investments Corp (NASDAQ:ROIC) has “Buy” rating given on Tuesday, March 15 by Canaccord Genuity. The rating was initiated by JP Morgan on Thursday, April 21 with “Neutral”. BTIG Research initiated Retail Opportunity Investments Corp (NASDAQ:ROIC) on Thursday, August 25 with “Buy” rating. The firm has “Buy” rating given on Friday, April 1 by DA Davidson. The firm earned “Buy” rating on Wednesday, July 22 by Canaccord Genuity. The rating was maintained by Canaccord Genuity on Monday, August 24 with “Buy”.
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. Bags Another Strong Quarter” on July 29, 2016, also Fool.com with their article: “Retail Opportunity Investments Corp. Caps a Solid Year” published on February 24, 2016, Globenewswire.com published: “Retail Opportunity Investments Corp. Reports Strong Second Quarter Results” on July 27, 2016. More interesting news about Retail Opportunity Investments Corp (NASDAQ:ROIC) were released by: Globenewswire.com and their article: “Retail Opportunity Investments Corp. Announces Closing of Common Stock Offering” published on July 12, 2016 as well as Globenewswire.com‘s news article titled: “Retail Opportunity Investments Corp. Announces Pricing of Offering of Common Stock” with publication date: July 07, 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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