BMO Capital analyst Juan C. Sanabria maintains $Retail Opportunity Investments Corp (ROIC.US)$ with a hold rating, and adjusts the target price from $16 to $17.5.
According to TipRanks data, the analyst has a success rate of 46.7% and a total average return of 0.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Retail Opportunity Investments Corp (ROIC.US)$'s main analysts recently are as follows:
The expectations for additional bidders for Retail Opportunity (ROIC) are low, following the announcement of the acquisition of shares by Blackstone Real Estate Partners X for a cash consideration. This view is based on the belief that the acquisition process has been in progress since initial reports surfaced in July.
The recent rally in Retail Opportunity's shares has prompted caution regarding valuation, suggesting that the potential for further gains could be constrained, particularly when assessed against possible risks. While there is a chance for modest growth if a takeover bid arises, the absence of such a deal could lead to a notable decline in share value.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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