Retail Opportunity Investments (NASDAQ:ROIC) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday, BidAskClub reports.
ROIC has been the topic of several other research reports. Zacks Investment Research downgraded shares of ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday. ValuEngine raised shares of XCel Brands from a “sell” rating to a “hold” rating in a research note on Tuesday, July 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $18.00.
Retail Opportunity Investments stock opened at $17.95 on Friday. Retail Opportunity Investments has a 12-month low of $15.44 and a 12-month high of $19.80. The stock has a market cap of $2.05 billion, a P/E ratio of 15.75, a price-to-earnings-growth ratio of 3.73 and a beta of 0.71. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.13 and a quick ratio of 2.13. The business’s fifty day moving average price is $17.21.
Institutional investors have recently added to or reduced their stakes in the stock. Texas Permanent School Fund increased its stake in Retail Opportunity Investments by 5.1% during the 4th quarter. Texas Permanent School Fund now owns 74,590 shares of the real estate investment trust’s stock worth $1,184,000 after buying an additional 3,632 shares during the period. Geode Capital Management LLC increased its stake in Retail Opportunity Investments by 9.5% during the 4th quarter. Geode Capital Management LLC now owns 1,602,715 shares of the real estate investment trust’s stock worth $25,451,000 after buying an additional 138,664 shares during the period. Thompson Siegel & Walmsley LLC increased its stake in Retail Opportunity Investments by 9.9% during the 1st quarter. Thompson Siegel & Walmsley LLC now owns 881,084 shares of the real estate investment trust’s stock worth $15,278,000 after buying an additional 79,247 shares during the period. Oregon Public Employees Retirement Fund increased its position in shares of Retail Opportunity Investments by 1.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 44,146 shares of the real estate investment trust’s stock worth $765,000 after purchasing an additional 797 shares during the last quarter. Finally, Cipher Capital LP bought a new stake in shares of Retail Opportunity Investments in the 4th quarter worth about $198,000. 92.00% of the stock is currently owned by hedge funds and other institutional investors.
About Retail Opportunity Investments
Retail Opportunity Investments Corp. (NASDAQ: ROIC), is a fully-integrated, self-managed real estate investment trust (REIT) that specializes in the acquisition, ownership and management of grocery-anchored shopping centers located in densely-populated, metropolitan markets across the West Coast. As of March 31, 2019, ROIC owned 90 shopping centers encompassing approximately 10.3 million square feet.
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