Wells Fargo analyst Dori Kesten 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 66.7% and a total average return of 10.3% 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 firm observes that Retail Opportunity (ROIC) has entered into an agreement with a notable investment company for the acquisition of all its shares at the price of $17.50 per share. This all-cash transaction is valued at approximately $4 billion and is expected to conclude in the first quarter of 2025.
The recent rally in Retail Opportunity's shares has led to a reassessment of their valuation. The potential for further upside appears to be somewhat constrained when considering the risks involved. While there might be some room for growth if a takeover deal is realized, the absence of such a deal could pose significant downside risk to the share value.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
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.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
