Jefferies Downgrades Retail Opportunity Investments to Hold

By Jason Carr

Jefferies analyst Omotayo Okusanya downgraded Retail Opportunity Investments (NASDAQ: ROIC) to Hold today and set a price target of $21. The company’s shares closed yesterday at $19.99.

According to TipRanks.com, Okusanya is a 5-star analyst with an average return of 7.2% and a 65.3% success rate. Okusanya covers the Financial sector, focusing on stocks such as Government Properties Income Trust, National Storage Affiliates Trust, and Retail Properties of America Inc.

Retail Opportunity Investments has an analyst consensus of Moderate Buy, with a price target consensus of $22.

The company has a one year high of $22.63 and a one year low of $18.45. Currently, Retail Opportunity Investments has an average volume of 917.9K.

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Retail Opportunity Investments Corp. operates as a self-managed real estate investment trust. It 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.