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Retail Opportunity Investments (ROIC) Gets a Hold Rating from J.P. Morgan

J.P. Morgan analyst Michael Mueller maintained a Hold rating on Retail Opportunity Investments (ROICResearch Report) on July 27 and set a price target of $19.00. The company’s shares closed last Thursday at $17.27.

According to TipRanks.com, Mueller is a 3-star analyst with an average return of 1.6% and a 57.2% success rate. Mueller covers the Financial sector, focusing on stocks such as Rexford Industrial Realty, First Industrial Realty, and Healthpeak Properties.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Retail Opportunity Investments with a $18.30 average price target, which is a 7.5% upside from current levels. In a report issued on July 26, BMO Capital also maintained a Hold rating on the stock with a $18.50 price target.

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Retail Opportunity Investments’ market cap is currently $4.29B and has a P/E ratio of 40.23.

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Retail Opportunity Investments Corp. operates as a self-managed real estate investment trust. The company engages in the ownership, management, and redevelopment of retail real estate properties. It specializes in the acquisition, ownership and management of grocery-anchored shopping centers located in densely-populated, metropolitan markets across the West Coast. The company was founded on July 10, 2007 and is headquartered in San Diego, CA.

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