Retail Opportunity Investments Corp (ROIC) is Initiated by RBC Capital Mkts to Sector Perform, Price Target at $20

Retail Opportunity Investments Corp (ROIC) was Initiated by RBC Capital Mkts to “Sector Perform” and the brokerage firm has set the Price Target at $20. RBC Capital Mkts advised their investors in a research report released on Jun 14, 2016.

Many Wall Street Analysts have commented on Retail Opportunity Investments Corp. JP Morgan Initiated Retail Opportunity Investments Corp on Apr 21, 2016 to “Neutral”, Price Target of the shares are set at $21.DA Davidson Initiated Retail Opportunity Investments Corp on Apr 1, 2016 to “Buy”, Price Target of the shares are set at $23.FBR Capital Initiated Retail Opportunity Investments Corp on Mar 17, 2016 to “Mkt Perform”, Price Target of the shares are set at $20.

On the company’s financial health, Retail Opportunity Investments Corp reported $0.27 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.25. The company had revenue of $56.10 million for the quarter, compared to analysts expectations of $53.29 million. The company’s revenue was up 24.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS.

Retail Opportunity Investments Corp (ROIC) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $20.82 and reached the intraday high at $20.92. The bulls started the profit booking and pushed the shares to intraday low of $20.74. The trading session was marked by a volume range of 4,03,665 shares exchanging hands. The 52-week high of the shares is $21.1 and the 52-week low is $15.295. The market cap of the company stands at $2,087 M and there are 10,01,10,569 shares in public circulation.

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 Company’s wholly-owned subsidiary Retail Opportunity Investments GP LLC is the general partner of the Operating Partnership.

Retail Opportunity Investments Corp

Leave a Reply

Retail Opportunity Investments Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on Retail Opportunity Investments Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.