Retail Opportunity Investments Corp (NASDAQ:ROIC) Has Just Had Its TP Upped by Research Analysts at Cowen to $21.50


Stock Analysis:Retail Opportunity Investments Corp (NASDAQ:ROIC) Stock Target Has Just Been Increased

In analysts note revealed to clients and investors by Cowen on 10 December, Retail Opportunity Investments Corp (NASDAQ:ROIC) had its TP increased to $21.50. The firm right now has a solid Outperform rating on shares.

From a total of 7 analysts covering Retail Opportunity Investments Corp (NASDAQ:ROIC) stock, 5 rate it a ”Buy”, 1 a “Sell”, and 3 a ”Hold”. This means that 56% of the ratings are positive. The highest target price is $21 while the lowest target price is $18. The mean of all analyst targets is $19.71 with a 14.27% above today’s ($17.94) stock price. Retail Opportunity Investments Corp was the topic of 7 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Raymond James upgraded shares on September 3 to “Strong Buy” rating. Zacks downgraded ROIC stock in a recent report from August 12 to “Buy” rating.

Approximately 242,146 shares of stock traded hands. Retail Opportunity Investments Corp (NASDAQ:ROIC) has risen 9.38% since May 7, 2015 and is uptrending. It has outperformed by 11.31% the S&P500.

Retail Opportunity Investments Corp

According to Zacks Investment Research, “Retail Opportunity Investments Corp. is a corporation that intends to qualify as a REIT for U.S. federal incoming tax purposes and that expects to invest in, acquire, own, lease, reposition and manage a diverse portfolio of necessity-based retail properties. This includes primarily, well located community and neighborhood shopping centers, anchored by national or regional supermarkets and drugstores. The company may also acquire other retail properties, including power centers, regional malls lifestyle centers and single-tenant retail locations that are leased to national, regional and local tenants. In addition, the Company may supplement its direct purchases of retail properties with first mortgages or second mortgages, mezzanine loans, bridge or other loans or debt investments related to retail properties, in each case provided that the underlying real estate meets the Company’s criteria for direct investment.” Get a free copy of the Zacks research report on Retail Opportunity Investments Corp (ROIC).