Retail Opportunity Investments (NASDAQ:ROIC) Upgraded by Zacks Investment Research to Buy

Retail Opportunity Investments stock has undergone multiple analysts rating changes in the recent past.  Retail Opportunity Investments Upgraded by Zacks Investment Research on 10/14/2021. In a note to investors, the firm issued a new rating of Buy. The analysts previously had rating of Hold.

Shares of Retail Opportunity Investments traded up $0.17 on Wednesday, reaching $18.44. 0 shares of the stock traded hands, compared to its average volume of 846112. Shares of Retail Opportunity Investments were trading at $18.44 on Wednesday. The firm’s 50 day moving average is $17.68 and its 200 day moving average is $16.85.Retail Opportunity Investments has a 12 month low of $18.09 and a 12 month high of $18.86. While on yearly highs and lows, Retail Opportunity Investments’s today has traded high as $18.46 and has touched $18.09 on the downward trend. See More Analyst Rating at: RATING

Retail Opportunity Investments Earnings and What to expect: 

Retail Opportunity Investments last posted its earnings data on July 28th, 2021. The real estate investment trust reported $0.14 EPS for the quarter, beating the consensus estimate of $0.06 by $0.08. Retail Opportunity Investments has generated $1.05 earnings per share over the last year ($0.34 diluted earnings per share) and currently has a price-to-earnings ratio of 54.2. Earnings for Retail Opportunity Investments are expected to grow by 7.00% in the coming year, from $1.00 to $1.07 per share. Retail Opportunity Investments has confirmed that its next quarterly earnings report will be published on Tuesday, October 26th, 2021. Retail Opportunity Investments will be holding an earnings conference call on Wednesday, October 27th at 12:00 PM Eastern. Interested parties can or dial in at 404-537-3406 with passcode “3366916”.

Earnings for Retail Opportunity Investments are expected to grow by 7.00% in the coming year, from $1.00 to $1.07 per share. The P/E ratio of Retail Opportunity Investments is 54.24, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.72. The P/E ratio of Retail Opportunity Investments is 54.24, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 14.54. Retail Opportunity Investments has a PEG Ratio of 4.86. PEG Ratios above 1 indicate that a company could be overvalued. Retail Opportunity Investments has a P/B Ratio of 1.69. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Retail Opportunity Investments (NASDAQ:ROIC) Moving Average Technical Analysis

5 day Moving Average is $18.18 And 5 day price change is $0.56 (3.13%)  with average volume for 5 day average is 761,040. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $17.77 and 20 day price change is $0.76 (4.30%) and average 20 day moving volume is 979,860. 50 day moving average is $17.68  and 50 day price change is $0.86 ( 4.89%)  and with average volume for 50 days is : 790,936. 200 day moving average is $16.85  and 200 day price change is $5.07 (37.92%)  and with average volume for 200 days is : 969,654.

Other owners latest trading in Retail Opportunity Investments :

  • On 10/12/2021 shares held by Louisiana State Employees Retirement System were 58,500 which equates to market value of $1.02M and appx 0.00% owners of Retail Opportunity Investments
  • On 10/7/2021 shares held by State of Alaska Department of Revenue were 149,706 which equates to market value of $2.61M and appx 0.00% owners of Retail Opportunity Investments
  • On 9/24/2021 shares held by Thrivent Financial for Lutherans were 142,070 which equates to market value of $2.51M and appx 0.00% owners of Retail Opportunity Investments
  • In total Institutional ownership equates to Institutional Ownership Percentage: 94.88% for Retail Opportunity Investments

See More Analyst Rating at: RATING