Retail Opportunity Investments traded at $17.49 this Wednesday February 12th. Looking back, over the last four weeks, Retail Opportunity Investments lost 0.75 percent. Over the last 12 months, its price rose by 33.92 percent. Looking ahead, we forecast Retail Opportunity Investments to be priced at 16.96 by the end of this quarter and at 15.47 in one year, according to Trading Economics global macro models projections and analysts expectations.
Retail Opportunity Investments Corp. (ROIC) is a fully integrated, self-managed real estate investment trust (REIT). The Company is engaged 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. It operates its business through, its operating partnership subsidiary, Retail Opportunity Investments Partnership, LP. The Company is organized in an umbrella partnership real estate investment trust (UpREIT) format pursuant to which Retail Opportunity Investments GP, LLC, serves as the general partner. The operating partnership holds all the assets of the Company and directly or indirectly holds the ownership interests in the Company’s real estate ventures. The Company’s portfolio consists of 88 properties totaling approximately 10.0 million square feet of gross leasable area (GLA).