Retail Opportunity Investments Corp (ROIC) was Reiterated by Canaccord Genuity to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 26 from a previous price target of $25 . Canaccord Genuity advised their investors in a research report released on Aug 16, 2016.
Many Wall Street Analysts have commented on Retail Opportunity Investments Corp. Company shares were Reiterated by FBR Capital on Aug 1, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 22 from a previous price target of $20 .RBC Capital Mkts Initiated Retail Opportunity Investments Corp on Jun 14, 2016 to “Sector 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 $ 0.01 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.26. The company had revenue of $58.70 million for the quarter, compared to analysts expectations of $57.61 million. The company’s revenue was up 27.1% compared to the same quarter last year.
Retail Opportunity Investments Corp closed down -0.08 points or -0.36% at $21.89 with 4,08,341 shares getting traded on Monday. Post opening the session at $21.96, the shares hit an intraday low of $21.86 and an intraday high of $22.12 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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 Companys wholly-owned subsidiary Retail Opportunity Investments GP LLC is the general partner of the Operating Partnership.