Retail Opportunity Investments (ROIC) : Zacks Investment Research ranks Retail Opportunity Investments (ROIC) as 3, which is a Hold recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 10 research analysts is 2.1, which indicates as a Buy.
Retail Opportunity Investments (ROIC) : Average target price received by Retail Opportunity Investments (ROIC) is $23.75 with an expected standard deviation of $2.43. The most aggressive target on the stock is $26, whereas the most downbeat target is $20. 8 financial analysts are currently covering the stock.
For the current week, the company shares have a recommendation consensus of Buy. Also, BTIG Research initiates coverage on Retail Opportunity Investments (NASDAQ:ROIC). BTIG Research has a Buy rating on the shares. As per the latest report, the brokerage house announces the price target to $25 per share. The rating by the firm was issued on August 25, 2016.
Retail Opportunity Investments (NASDAQ:ROIC): The stock opened at $22.68 and touched an intraday high of $22.98 on Wednesday. During the day, the stock corrected to an intraday low of $22.59, however, the bulls stepped in and pushed the price higher to close in the green at $22.97 with a gain of 1.14% for the day. The total traded volume for the day was 726,789. The stock had closed at $22.71 in the previous trading session.
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.