Jefferies Group LLC restated their buy rating on shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) in a research report sent to investors on Tuesday morning. Jefferies Group LLC currently has a $25.00 price objective on the real estate investment trust’s stock.

A number of other research firms have also recently weighed in on ROIC. Citigroup Inc. reissued a neutral rating and issued a $21.00 price target (down from $22.00) on shares of Retail Opportunity Investments Corp. in a report on Tuesday, June 6th. Zacks Investment Research raised Retail Opportunity Investments Corp. from a hold rating to a buy rating and set a $21.00 price target for the company in a report on Wednesday, July 12th. TheStreet cut Retail Opportunity Investments Corp. from a b rating to a c+ rating in a report on Friday, April 28th. BidaskClub raised Retail Opportunity Investments Corp. from a sell rating to a hold rating in a report on Sunday, July 16th. Finally, Canaccord Genuity reissued a buy rating and issued a $26.00 price target on shares of Retail Opportunity Investments Corp. in a report on Thursday, April 27th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Retail Opportunity Investments Corp. currently has an average rating of Hold and a consensus price target of $23.14.

Shares of Retail Opportunity Investments Corp. (ROIC) traded down 1.07% during mid-day trading on Tuesday, hitting $20.28. The company’s stock had a trading volume of 914,924 shares. Retail Opportunity Investments Corp. has a 12-month low of $18.45 and a 12-month high of $23.03. The stock has a 50-day moving average of $19.72 and a 200-day moving average of $20.55.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last released its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.28 by $0.01. Retail Opportunity Investments Corp. had a return on equity of 2.71% and a net margin of 13.92%. The company had revenue of $66.64 million during the quarter, compared to analyst estimates of $66.18 million. During the same period last year, the firm earned $0.27 earnings per share. The business’s revenue was up 13.6% compared to the same quarter last year. On average, analysts predict that Retail Opportunity Investments Corp. will post $0.37 earnings per share for the current fiscal year.

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Institutional investors have recently added to or reduced their stakes in the stock. Tyers Asset Management LLC raised its position in Retail Opportunity Investments Corp. by 0.4% in the first quarter. Tyers Asset Management LLC now owns 5,808 shares of the real estate investment trust’s stock valued at $122,000 after buying an additional 22 shares during the last quarter. Flinton Capital Management LLC raised its position in Retail Opportunity Investments Corp. by 0.4% in the first quarter. Flinton Capital Management LLC now owns 7,392 shares of the real estate investment trust’s stock valued at $155,000 after buying an additional 28 shares during the last quarter. Daiwa Securities Group Inc. raised its position in Retail Opportunity Investments Corp. by 31.3% in the first quarter. Daiwa Securities Group Inc. now owns 8,400 shares of the real estate investment trust’s stock valued at $177,000 after buying an additional 2,000 shares during the last quarter. Neuburgh Advisers LLC raised its position in Retail Opportunity Investments Corp. by 0.4% in the first quarter. Neuburgh Advisers LLC now owns 8,976 shares of the real estate investment trust’s stock valued at $189,000 after buying an additional 34 shares during the last quarter. Finally, Ameritas Investment Partners Inc. acquired a new position in Retail Opportunity Investments Corp. during the first quarter valued at approximately $195,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

About Retail Opportunity Investments Corp.

Retail Opportunity Investments Corp. (ROIC) is a fully integrated, self-managed real estate investment trust (REIT). The Company specializes 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.

Analyst Recommendations for Retail Opportunity Investments Corp. (NASDAQ:ROIC)

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