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Retail Opportunity Investments Corp (NDAQ:ROIC) has been downgraded from Buy to Hold in a report by Jefferies & Co today.

Jefferies & Co has downgraded Retail Opportunity Investments Corp (NDAQ:ROIC) from Buy to Hold in a report released on 9/15/2017.

Previously on Thursday August 17, 2017, RBC Capital Markets reported about Retail Opportunity Investments Corp (NDAQ:ROIC) raised the target price from $0.00 to $23.00. At the time, this indicated a possible upside of 0.14%.

Yesterday Retail Opportunity Investments Corp (NDAQ:ROIC) traded -2.20% lower at $19.71. The company’s 50-day moving average is $20.11 and its 200-day moving average is $20.33. The last stock close price is down -3.86% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. 525,732 shares of the stock were exchanged, down from an average trading volume of 917,603

See Chart Below

Retail Opportunity Investments Corp (NDAQ:ROIC)

Retail Opportunity Investments Corp has a 52 week low of $18.45 and a 52 week high of $22.63 with a P/E ratio of 60.53 The company’s market cap is currently $0.

In addition to Jefferies & Co reporting its target price, a total of 10 firms have reported on the stock. The consensus target price is $20.95 with 4 firms rating the stock a strong buy, 3 firms rating the stock a buy, 4 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Retail Opportunity Investments Corp (NDAQ:ROIC)

Retail Opportunity Investments Corp. (ROIC) is a fully integrated, self-managed real estate investment trust (REIT). The Company specializes 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. Retail Opportunity Investments Partnership, LP is the operating partnership of the Company. The Operating Partnership holds substantially all the assets of the Company and directly or indirectly holds the ownership interests in the Company's real estate ventures. The Operating Partnership conducts the operations of the Company's business. As of December 31, 2016, the Company's portfolio consisted of 82 properties (81 retail and one office) totaling approximately 9.4 million square feet of gross leasable area (GLA). As of December 31, 2016, the Company's portfolio was approximately 97.6% leased.

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