Retail Opportunity (NASDAQ:ROIC) Stock, Quote.Headers.trade-ideas

Retail Opportunity

Retail Opportunity Investments Corp is a self-managed real estate investment trust. 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. The Company's primary business is the ownership, management, and redevelopment of retail real estate properties.

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ROIC

Blackstone is reportedly considering acquiring Retail Opportunity Investments as it sees value in ROIC&#39;s properties. No deal is guaranteed.

What&#39;s Going On With Blackstone Shares Premarket Wednesday?

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4 REITs With Recent Analyst Downgrades

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BofA Securities analyst Jeffrey Spector upgraded AKR, Tanger Inc., and downgraded KIM and ROIC after Retail Executive Summit with 8 REITs.

Analyzing Retail REITs: Upgraded Outlook for Tanger, Downgraded Expectations for Kimco and ROIC

Retail Opportunity Investments Corp. - Common Stock

Retail Opportunity Investments Corp

Wells Fargo analyst Dori Kesten maintains Retail Opportunity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROIC#NASDAQ">ROIC</a>) with a Equal-Weight and raises the price target from $13.5 to $16.

Analyst Ratings

Wells Fargo Maintains Equal-Weight on Retail Opportunity, Raises Price Target to $16

Raymond James analyst RJ Milligan maintains Retail Opportunity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROIC#NASDAQ">ROIC</a>) with a Outperform and raises the price target from $15 to $16.

Raymond James Maintains Outperform on Retail Opportunity, Raises Price Target to $16

Blackstone Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) shares are trading higher premarket today. The company is reportedly in early talks to acquire Retail Opportunity Investments Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROIC#NASDAQ">ROIC</a>).
The buyout firm&#8217;s approach suggests it sees value in ROIC&#8217;s properties, which primarily include supermarkets and drugstores, reported Reuters.
Blackstone&#8217;s interest follows a 10% drop in ROIC&#8217;s shares over the past year, lagging behind other real estate investment trusts (REITs).
As per the report, no deal is guaranteed, and another bidder for ROIC could still emerge.
Based in San Diego, California, ROIC owned 95 shopping centers totaling approximately 10.7 million square feet (994,000 square meters) as of June. Last week, ROIC reported FFO for the&nbsp;second quarter&nbsp;of 2024 of $34.1 million, or&nbsp;$0.25&nbsp;per share, as compared to&nbsp;$35.6 million&nbsp;in FFO, or&nbsp;$0.27&nbsp;per share <a target="_blank" href="https://www.benzinga.com//node/39917647" rel="noreferrer noopener">for the&nbsp;second quarter&nbsp;of 2023.&nbsp;</a>
Yesterday, Blackstone Real Estate and MRP Group extended their all-cash tender offer of Ps. 40.50 per certificate for up to 100% of Terrafina&#8217;s <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/b40054255/blackstone-real-estate-and-mrp-group-announce-extension-of-100-cash-tender-offer-for-terrafina" rel="noreferrer noopener">outstanding real estate trust certificates</a>.
The all-cash tender offer includes a 27% premium over Terrafina&#8217;s unaffected price on December 4, 2023, and a more than 10% premium over its closing share price on June 7, 2024.
This month, BX reported&nbsp;second-quarter fiscal year 2024 adjusted revenues of&nbsp;$2.796 billion, beating the consensus of&nbsp;$2.619&nbsp;billion.&nbsp;Distributable earnings per share of&nbsp;$0.96&nbsp;(+3%&nbsp;Y/Y)&nbsp;<a target="_blank" href="https://www.benzinga.com//node/39841775" rel="noreferrer noopener">missed the consensus of&nbsp;$0.98</a>.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, BX stock has gained around&nbsp;35%&nbsp;in the last 12 months. Investors can gain exposure to the stock via&nbsp;EA Series Trust WHITEWOLF Publicly Listed Private Equity ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/LBO#BATS">LBO</a>) and&nbsp;Invesco Global Listed Private Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSP#NYSE">PSP</a>).
Also Read: <a target="_blank" href="https://www.benzinga.com//node/39844898" rel="noreferrer noopener">Blackstone Hits Two-Year Investment Peak, Anticipates Fed Rate Cuts Amid Easing Inflation: Report</a>
Price Action: ROIC stock closed 20.7% higher at $15.74 on Tuesday. BX shares are up 0.47% at $142.00 premarket at the last check Wednesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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What's Going On With Blackstone Shares Premarket Wednesday?

WIIM

Retail Opportunity Investments Corp. shares are trading higher following a report suggesting Blackstone is in talks to acquire the company.

Blackstone Is In Talks To Acquire Retail Opportunity Investment Corp, Sources Say

Guidance

Retail Opportunity Investments Tightens FY24 FFO Per Share Forecast From $1.03 - $1.09 To $1.04 - $1.07, Est $1.05

Retail Opportunity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROIC#NASDAQ">ROIC</a>) reported quarterly earnings of $0.25 per share which met the analyst consensus estimate. This is a 7.41 percent decrease over earnings of $0.27 per share from the same period last year. The company reported quarterly sales of $83.320 million which beat the analyst consensus estimate of $81.068 million by 2.78 percent. This is a 1.56 percent increase over sales of $82.040 million the same period last year.

Earnings

Earnings Beats

Retail Opportunity Q2 2024 GAAP EPS $0.25, Inline, Sales $83.320M Beat $81.068M Estimate

Wells Fargo analyst Dori Kesten maintains Retail Opportunity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROIC#NASDAQ">ROIC</a>) with a Equal-Weight and lowers the price target from $14 to $13.5.

Wells Fargo Maintains Equal-Weight on Retail Opportunity, Lowers Price Target to $13.5

Retail Opportunity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROIC#NASDAQ">ROIC</a>) reported quarterly earnings of $0.28 per share which beat the analyst consensus estimate of $0.27 by 3.7 percent. This is a 12 percent increase over earnings of $0.25 per share from the same period last year. The company reported quarterly sales of $85.330 million which beat the analyst consensus estimate of $83.816 million by 1.81 percent. This is a 7.61 percent increase over sales of $79.296 million the same period last year.

Retail Opportunity Q1 2024 FFO $0.28 Beats $0.27 Estimate, Sales $85.330M Beat $83.816M Estimate

Retail Opportunity Investments Says On Track Thus Far To Achieve Its Previously Stated Objectives For 2024

<h3>Companies Reporting Before The Bell</h3>
&bull; RTX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) is expected to report quarterly earnings at $1.23 per share on revenue of $18.41 billion.
&bull; MSCI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSCI#NYSE">MSCI</a>) is expected to report quarterly earnings at $3.45 per share on revenue of $684.13 million.
&bull; Quest Diagnostics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DGX#NYSE">DGX</a>) is expected to report quarterly earnings at $1.85 per share on revenue of $2.29 billion.
&bull; Community Bank System (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBU#NYSE">CBU</a>) is expected to report quarterly earnings at $0.78 per share on revenue of $176.83 million.
&bull; Herc Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRI#NYSE">HRI</a>) is estimated to report quarterly earnings at $2.15 per share on revenue of $782.85 million.
&bull; JetBlue Airways (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) is expected to report quarterly loss at $0.52 per share on revenue of $2.20 billion.
&bull; General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) is expected to report quarterly earnings at $2.14 per share on revenue of $41.88 billion.
&bull; GE Aero (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>) is estimated to report quarterly earnings at $0.65 per share on revenue of $15.34 billion.
&bull; Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) is projected to report quarterly earnings at $0.70 per share on revenue of $3.85 billion.
&bull; United Parcel Service (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) is projected to report quarterly earnings at $1.30 per share on revenue of $21.87 billion.
&bull; Banc of California (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BANC#NYSE">BANC</a>) is projected to report quarterly earnings at $0.22 per share on revenue of $259.77 million.
&bull; Polaris (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PII#NYSE">PII</a>) is estimated to report quarterly earnings at $0.06 per share on revenue of $1.75 billion.
&bull; PepsiCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) is projected to report quarterly earnings at $1.52 per share on revenue of $18.08 billion.
&bull; Kiniksa Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KNSA#NASDAQ">KNSA</a>) is expected to report quarterly loss at $0.18 per share on revenue of $79.61 million.
&bull; Xerox Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>) is projected to report quarterly earnings at $0.35 per share on revenue of $1.53 billion.
&bull; Sherwin-Williams (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHW#NYSE">SHW</a>) is likely to report quarterly earnings at $2.21 per share on revenue of $5.49 billion.
&bull; Dime Community Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DCOM#NASDAQ">DCOM</a>) is projected to report quarterly earnings at $0.39 per share on revenue of $72.52 million.
&bull; Preferred Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFBC#NASDAQ">PFBC</a>) is projected to report quarterly earnings at $2.38 per share on revenue of $66.30 million.
&bull; Halliburton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>) is estimated to report quarterly earnings at $0.74 per share on revenue of $5.67 billion.
&bull; Peoples Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEBO#NASDAQ">PEBO</a>) is estimated to report quarterly earnings at $0.80 per share on revenue of $109.74 million.
&bull; Pentair (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNR#NYSE">PNR</a>) is projected to report quarterly earnings at $0.90 per share on revenue of $1.01 billion.
&bull; WR Berkley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WRB#NYSE">WRB</a>) is expected to report quarterly earnings at $1.49 per share on revenue of $3.27 billion.
&bull; Lockheed Martin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) is estimated to report quarterly earnings at $5.81 per share on revenue of $15.95 billion.
&bull; GATX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GATX#NYSE">GATX</a>) is estimated to report quarterly earnings at $1.76 per share on revenue of $375.80 million.
&bull; NextEra Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>) is likely to report quarterly earnings at $0.73 per share on revenue of $5.92 billion.
&bull; Atlantic Union Bankshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AUB#NYSE">AUB</a>) is likely to report quarterly earnings at $0.72 per share on revenue of $181.92 million.
&bull; Invesco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVZ#NYSE">IVZ</a>) is estimated to report quarterly earnings at $0.39 per share on revenue of $1.09 billion.
&bull; Fiserv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FI#NYSE">FI</a>) is likely to report quarterly earnings at $1.79 per share on revenue of $4.58 billion.
&bull; NextEra Energy Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEP#NYSE">NEP</a>) is projected to report quarterly earnings at $0.21 per share on revenue of $331.80 million.
&bull; Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) is likely to report quarterly earnings at $0.30 per share on revenue of $5.23 billion.
&bull; Cambridge (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CATC#NASDAQ">CATC</a>) is expected to report quarterly earnings at $1.01 per share on revenue of $38.05 million.
&bull; Webster Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBS#NYSE">WBS</a>) is projected to report quarterly earnings at $1.42 per share on revenue of $618.43 million.
&bull; Option Care Health (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPCH#NASDAQ">OPCH</a>) is projected to report quarterly earnings at $0.23 per share on revenue of $1.10 billion.
&bull; Kimberly-Clark (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMB#NYSE">KMB</a>) is likely to report quarterly earnings at $1.62 per share on revenue of $5.08 billion.
&bull; Old National (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONB#NASDAQ">ONB</a>) is projected to report quarterly earnings at $0.43 per share on revenue of $439.87 million.
&bull; First BanCorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FBP#NYSE">FBP</a>) is estimated to report quarterly earnings at $0.37 per share on revenue of $205.74 million.
&bull; First Commonwealth (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCF#NYSE">FCF</a>) is expected to report quarterly earnings at $0.36 per share on revenue of $119.93 million.
&bull; Sandy Spring Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SASR#NASDAQ">SASR</a>) is estimated to report quarterly earnings at $0.45 per share on revenue of $81.04 million.
&bull; Popular (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BPOP#NASDAQ">BPOP</a>) is expected to report quarterly earnings at $1.89 per share on revenue of $560.41 million.
&bull; Danaher (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHR#NYSE">DHR</a>) is estimated to report quarterly earnings at $1.71 per share on revenue of $5.62 billion.
&bull; Philip Morris Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PM#NYSE">PM</a>) is likely to report quarterly earnings at $1.41 per share on revenue of $8.46 billion.
&bull; Ryder System (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/R#NYSE">R</a>) is estimated to report quarterly earnings at $1.71 per share on revenue of $3.06 billion.
&bull; LKQ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LKQ#NASDAQ">LKQ</a>) is likely to report quarterly earnings at $0.95 per share on revenue of $3.77 billion.
&bull; PulteGroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHM#NYSE">PHM</a>) is expected to report quarterly earnings at $2.36 per share on revenue of $3.58 billion.
<h3>Companies Reporting After The Bell</h3>
&bull; Avangrid (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGR#NYSE">AGR</a>) is projected to report quarterly earnings at $0.73 per share on revenue of $2.63 billion.
&bull; Rush Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUSHB#NASDAQ">RUSHB</a>) is likely to report earnings for its first quarter.
&bull; Rush Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUSHA#NASDAQ">RUSHA</a>) is projected to report quarterly earnings at $0.82 per share on revenue of $1.88 billion.
&bull; AudioEye (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEYE#NASDAQ">AEYE</a>) is likely to report quarterly loss at $0.08 per share on revenue of $8.03 million.
&bull; Stride (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LRN#NYSE">LRN</a>) is expected to report quarterly earnings at $1.43 per share on revenue of $507.18 million.
&bull; Zurn Elkay Water (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZWS#NYSE">ZWS</a>) is likely to report quarterly earnings at $0.26 per share on revenue of $368.99 million.
&bull; Renasant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNST#NYSE">RNST</a>) is projected to report quarterly earnings at $0.62 per share on revenue of $163.60 million.
&bull; KKR Real Estate Finance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KREF#NYSE">KREF</a>) is expected to report quarterly earnings at $0.38 per share on revenue of $44.35 million.
&bull; Baker Hughes (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKR#NASDAQ">BKR</a>) is expected to report quarterly earnings at $0.40 per share on revenue of $6.38 billion.
&bull; Enphase Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) is likely to report quarterly earnings at $0.41 per share on revenue of $283.32 million.
&bull; Hanmi Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAFC#NASDAQ">HAFC</a>) is likely to report quarterly earnings at $0.52 per share on revenue of $59.03 million.
&bull; Matador Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTDR#NYSE">MTDR</a>) is likely to report quarterly earnings at $1.47 per share on revenue of $740.47 million.
&bull; Visa (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) is likely to report quarterly earnings at $2.43 per share on revenue of $8.62 billion.
&bull; Chubb (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>) is likely to report quarterly earnings at $5.34 per share on revenue of $10.29 billion.
&bull; Steel Dynamics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>) is estimated to report quarterly earnings at $3.43 per share on revenue of $4.73 billion.
&bull; Flushing Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIC#NASDAQ">FFIC</a>) is expected to report quarterly earnings at $0.14 per share on revenue of $48.29 million.
&bull; CoStar Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSGP#NASDAQ">CSGP</a>) is estimated to report quarterly earnings at $0.07 per share on revenue of $649.60 million.
&bull; Seagate Tech Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) is projected to report quarterly earnings at $0.27 per share on revenue of $1.67 billion.
&bull; Hawaiian Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HA#NASDAQ">HA</a>) is projected to report quarterly loss at $2.62 per share on revenue of $628.95 million.
&bull; Vicor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VICR#NASDAQ">VICR</a>) is expected to report quarterly earnings at $0.11 per share on revenue of $84.83 million.
&bull; Veritex Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VBTX#NASDAQ">VBTX</a>) is projected to report quarterly earnings at $0.58 per share on revenue of $109.00 million.
&bull; Artisan Partners Asset (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APAM#NYSE">APAM</a>) is projected to report quarterly earnings at $0.73 per share on revenue of $265.60 million.
&bull; Enova International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENVA#NYSE">ENVA</a>) is expected to report quarterly earnings at $1.70 per share on revenue of $588.52 million.
&bull; Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is likely to report quarterly earnings at $0.51 per share on revenue of $21.27 billion.
&bull; EQT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQT#NYSE">EQT</a>) is likely to report quarterly earnings at $0.66 per share on revenue of $1.63 billion.
&bull; West Fraser Timber (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFG#NYSE">WFG</a>) is likely to report quarterly earnings at $0.26 per share on revenue of $2.01 billion.
&bull; Agree Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADC#NYSE">ADC</a>) is likely to report quarterly earnings at $1.01 per share on revenue of $148.23 million.
&bull; Highwoods Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIW#NYSE">HIW</a>) is projected to report quarterly earnings at $0.90 per share on revenue of $206.78 million.
&bull; Retail Opportunity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROIC#NASDAQ">ROIC</a>) is likely to report quarterly earnings at $0.26 per share on revenue of $83.82 million.
&bull; Pebblebrook Hotel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEB#NYSE">PEB</a>) is likely to report quarterly earnings at $0.15 per share on revenue of $303.41 million.
&bull; Trustmark (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRMK#NASDAQ">TRMK</a>) is estimated to report quarterly earnings at $0.61 per share on revenue of $189.37 million.
&bull; Range Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RRC#NYSE">RRC</a>) is likely to report quarterly earnings at $0.61 per share on revenue of $695.20 million.
&bull; Mattel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAT#NASDAQ">MAT</a>) is expected to report quarterly loss at $0.13 per share on revenue of $831.06 million.
&bull; EastGroup Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGP#NYSE">EGP</a>) is expected to report quarterly earnings at $2.01 per share on revenue of $152.09 million.
&bull; Manhattan Associates (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MANH#NASDAQ">MANH</a>) is likely to report quarterly earnings at $0.87 per share on revenue of $243.45 million.
&bull; QCR Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCRH#NASDAQ">QCRH</a>) is likely to report quarterly earnings at $1.30 per share on revenue of $58.85 million.
&bull; Wesbanco (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WSBC#NASDAQ">WSBC</a>) is estimated to report quarterly earnings at $0.55 per share on revenue of $116.64 million.
&bull; Premier Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFC#NASDAQ">PFC</a>) is likely to report quarterly earnings at $0.47 per share on revenue of $52.54 million.
&bull; Canadian National Railway (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNI#NYSE">CNI</a>) is likely to report quarterly earnings at $1.28 per share on revenue of $3.14 billion.
&bull; Veralto (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLTO#NYSE">VLTO</a>) is expected to report quarterly earnings at $0.76 per share on revenue of $1.22 billion.
&bull; Equity Residential (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQR#NYSE">EQR</a>) is projected to report quarterly earnings at $0.90 per share on revenue of $726.32 million.
&bull; Texas Instruments (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>) is projected to report quarterly earnings at $1.07 per share on revenue of $3.61 billion.
&bull; iShares Frontier and Select EM ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FM#NYSE">FM</a>) is expected to report quarterly loss at $0.06 per share on revenue of $1.06 billion.
&bull; IDEX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IEX#NYSE">IEX</a>) is estimated to report quarterly earnings at $1.75 per share on revenue of $806.94 million.
&bull; Weatherford International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WFRD#NASDAQ">WFRD</a>) is likely to report quarterly earnings at $1.44 per share on revenue of $1.33 billion.
&bull; Bank of N.T Butterfield (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NTB#NYSE">NTB</a>) is estimated to report quarterly earnings at $0.98 per share on revenue of $137.26 million.
&bull; First Busey (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BUSE#NASDAQ">BUSE</a>) is expected to report quarterly earnings at $0.49 per share on revenue of $109.21 million.
&bull; East West Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EWBC#NASDAQ">EWBC</a>) is likely to report quarterly earnings at $1.99 per share on revenue of $577.70 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Earnings Scheduled For April 23, 2024

It's always interesting to see the timing of analyst downgrades. The best downgrades usually come after a lengthy price runup that looks unsustainable, but sometimes an analyst will downgrade a stock after a sizeable pullback in price. When that happens, some investors see it as a contrarian indicator, speculating that extreme bearishness is now built into the stock and a reversal could be forthcoming.
Take a look at four real estate investment trusts (REITs) that have received analyst downgrades in the past week. One just ran up over 22% on news that it has been acquired, but the others have all suffered large price declines over the past few months.
Apartment Income REIT Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIRC#NYSE">AIRC</a>) is a Denver-based residential REIT that owns 76 rental housing communities with 26,626 units in 10 states on both U.S. coasts.
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On April 8, Apartment Income REIT announced it's being acquired by Blackstone Real Estate Partners X, a real estate fund of Blackstone Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>), for $10 billion for $39.12 per share. The deal is expected to close in the third quarter of 2024 and the portfolio will be taken private. Apartment Income will cease paying dividends immediately and will no longer be a publicly traded REIT.
On April 8, Janney Montgomery Scott analyst Robert Stevenson downgraded Apartment Income REIT from Buy to Neutral. The downgrade is understandable given that Apartment Income jumped over 22% from a closing price of $31.11 on April 5 to a closing price of $38.38 on April 8.&nbsp;
Broadstone Net Lease Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BNL#NYSE">BNL</a>) is a Rochester, New York-based internally managed, diversified net-lease REIT. It was founded in 2007 and had its initial public offering (IPO) in 2020.
At the end of 2023, Broadstone's portfolio included 796 properties, with most across 44 states and a handful of them in four Canadian provinces. Broadstone has 220 tenants in 53 industries and an occupancy rate of 99.4%. Broadstone leases properties with a net-lease strategy and a weighted average lease term (WALT) of 10.5 years. Its leases carry a 2% annual rent escalation.&nbsp;
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On April 8, Wolfe Research analyst Andrew Rosivach downgraded Broadstone Net Lease from Outperform to Peer Perform.
Although its metrics seem to be strong and it pays a 7.5% annual dividend yield, Broadstone is down 11.82% year to date.
Retail Opportunity Investments Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROIC#NASDAQ">ROIC</a>) is a San Diego- based retail REIT that acquires, owns, leases and manages shopping centers are anchored by national or regional supermarkets and drugstores. Its properties are located on the U.S. West Coast. At the end of 2023, it owned 94 shopping centers totaling 10.6 million square feet and housing 2,057 tenants. Its portfolio lease rate was 97.7%. Retail Opportunity is a member of the S&amp;P Small Cap 600 Index
On April 5, Bank of America Securities analyst Jeffrey Spector downgraded Retail Opportunity Investments from Neutral to Underperform and cut the price target from $14.50 to $12.&nbsp;
Spector feels that Retail Opportunity will have a smaller opportunity to achieve growth than its peers. He sees full-year funds from operations (FFO) for 2024 as $1.04 per share and $1.06 per share in 2025, whereas the consensus estimate in 2024 is for $1.06 per share and $1.09 per share in 2025.
Like Broadstone, Retail Opportunity is having a tough year and is down 10.45% year to date.
Kimco Realty Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KIM#NYSE">KIM</a>) is a Jericho, New York-based retail REIT that owns and operates 523 open-air, grocery store-anchored and nonanchored properties with 90 million square feet of leasable space as well as ground leases. Its pro-rata occupancy at the end of 2023 was 96.2%, and 94% of its properties are in coastal and Sun Belt markets.&nbsp;
Kimco Realty was founded in 1958, is a member of the S&amp;P 500 and has been publicly traded on the New York Stock Exchange (NYSE) since 1991. Its tenants include Target, Floor &amp; Decor, Chipotle Mexican Grill, Panera Bread, Dollar Tree and Five Below stores.
On April 5, Bank of America Securities analyst Spector also downgraded Kimco Realty, from Buy to Neutral, while slashing the price target from $24 to $20.The analyst noted that Kimco will have less accretion because it acquired RPT Realty.&nbsp;
The analyst sees full-year FFO in 2024 at $1.56 per share and $1.65 per share in 2025. The consensus estimate is for $1.58 in 2024 and $1.66 in 2025.
On Dec. 14, Kimco gapped up from $20.02 to a high of $22.55. But since then, the REIT has lost over 17% and recently closed at $18.66.
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BofA Securities&nbsp;analyst Jeffrey Spector changed the rating for a few retail REITS following their Retail Executive Summit with 8 REITs.
The analyst upgraded&nbsp;Acadia Realty Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AKR#NYSE">AKR</a>) to Buy from Neutral at an increased&nbsp;<a target="_blank" href="https://www.benzinga.com/quote/AKR/analyst-ratings" rel="noreferrer noopener">price target of $20 (from $18)</a>.
The rating reflects the leading internal growth outlook, near-term&nbsp;
growth opportunities, upside to FY24 guidance from recovering&nbsp;
Street retail assets include lagging markets like Chicago and lower capital expenditure on Street leases.
The analyst estimates an FFO per share of $1.30 in 2024 and $1.35 in 2025.&nbsp;
Spector also increased the rating on&nbsp;Tanger Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKT#NYSE">SKT</a>) to Neutral (from Underperform) and upped&nbsp;<a target="_blank" href="https://www.benzinga.com/quote/SKT/analyst-ratings" rel="noreferrer noopener">the price target to $31 from $24</a>.
The bullish stance reflects the company&#8217;s strong platform and balance sheet, successful efforts to improve assets, and increased earnings visibility.
The analyst estimates the FFO per share to be $2.06 in 2024 and $2.14 in 2025.
Spector downgraded&nbsp;Kimco Realty Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KIM#NYSE">KIM</a>) to Neutral from Buy and cut the&nbsp;<a target="_blank" href="https://www.benzinga.com/quote/KIM/analyst-ratings" rel="noreferrer noopener">price target to $20 (from $24)</a>.
The rating change reflects less accretion from the company&#8217;s acquisition of RPT Realty <a href="https://www.benzinga.com/markets/equities/23/08/34066817/kimco-pens-2b-merger-deal-with-rpt-realty-boosts-coastal-and-sun-belt-markets-footprints" target="_blank" rel="noreferrer noopener">for around $2 billion</a>.
Kimco closed the acquisition of&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/01/b36450624/kimco-realty-closes-acquisition-of-rpt-realty" rel="noreferrer noopener">RPT in January 2024</a>.
The analyst estimates the FFO per share to be $1.56 in 2024 and $1.65 in 2025.
Also, the analyst lowered the rating on&nbsp;Retail Opportunity Investments Corp.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ROIC#NYSE">ROIC</a>) to Underperform from Neutral and slashed the&nbsp;<a target="_blank" href="https://www.benzinga.com/quote/ROIC/analyst-ratings" rel="noreferrer noopener">price target to $12 (from $14.5)</a>.
The lowered rating is due to higher risk for the company&#8217;s dilutive acquisitions (vs. better-positioned peers) and smaller opportunity sets for achieving growth.
The analyst estimates the FFO per share to be $1.04 in 2024 and $1.06 in 2025.
Photo via Shutterstock

B of A Securities analyst Craig Schmidt downgrades Retail Opportunity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROIC#NASDAQ">ROIC</a>) from Neutral to Underperform and lowers the price target from $14.5 to $12.

B of A Securities Downgrades Retail Opportunity to Underperform, Lowers Price Target to $12

Retail Opportunity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROIC#NASDAQ">ROIC</a>) reported quarterly earnings of $0.27 per share which beat the analyst consensus estimate of $0.26 by 3.85 percent. The company reported quarterly sales of $84.65 million which beat the analyst consensus estimate of $77.61 million by 9.07 percent. This is a 5.56 percent increase over sales of $80.19 million the same period last year.

Retail Opportunity Q4 2023 FFO $0.27 Beats $0.26 Estimate, Sales $84.65M Beat $77.61M Estimate

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Earnings Scheduled For February 14, 2024

Keybanc analyst Todd Thomas upgrades Retail Opportunity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROIC#NASDAQ">ROIC</a>) from Sector Weight to Overweight and announces $16 price target.

Keybanc Upgrades Retail Opportunity to Overweight, Announces $16 Price Target

Retail Opportunity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROIC#NASDAQ">ROIC</a>) reported quarterly earnings of $0.27 per share. This is unchanged from the same period last year.

Retail Opportunity Q4 EPS $0.27, Same YoY

<h3>Upgrades</h3>
For Regency Centers Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REG#NASDAQ">REG</a>), Argus Research upgraded the previous rating of Hold to Buy. In the second quarter, Regency Centers showed an EPS of $1.03, compared to $1.00 from the year-ago quarter. The current stock performance of Regency Centers shows a 52-week-high of $68.56 and a 52-week-low of $52.00. Moreover, at the end of the last trading period, the closing price was at $62.38. 
DA Davidson upgraded the previous rating for Pinterest Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINS#NYSE">PINS</a>) from Neutral to Buy. In the second quarter, Pinterest showed an EPS of $0.21, compared to $0.11 from the year-ago quarter. At the moment, the stock has a 52-week-high of $30.86 and a 52-week-low of $20.60. Pinterest closed at $26.21 at the end of the last trading period. 
TD Cowen upgraded the previous rating for Louisiana-Pacific Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPX#NYSE">LPX</a>) from Hold to Buy. Louisiana-Pacific earned $0.55 in the second quarter, compared to $4.57 in the year-ago quarter. The stock has a 52-week-high of $79.56 and a 52-week-low of $48.20. At the end of the last trading period, Louisiana-Pacific closed at $57.87. 
According to Citigroup, the prior rating for Pinterest Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINS#NYSE">PINS</a>) was changed from Neutral to Buy. In the second quarter, Pinterest showed an EPS of $0.21, compared to $0.11 from the year-ago quarter. At the moment, the stock has a 52-week-high of $30.86 and a 52-week-low of $20.60. Pinterest closed at $26.21 at the end of the last trading period. 
For Wingstop Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WING#NASDAQ">WING</a>), Wedbush upgraded the previous rating of Neutral to Outperform. Wingstop earned $0.57 in the second quarter, compared to $0.45 in the year-ago quarter. At the moment, the stock has a 52-week-high of $223.77 and a 52-week-low of $113.20. Wingstop closed at $173.74 at the end of the last trading period. 
Exane BNP Paribas upgraded the previous rating for Western Digital Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>) from Neutral to Outperform. Western Digital earned $1.98 in the fourth quarter, compared to $1.78 in the year-ago quarter. The current stock performance of Western Digital shows a 52-week-high of $46.33 and a 52-week-low of $29.74. Moreover, at the end of the last trading period, the closing price was at $43.92. 
According to BMO Capital, the prior rating for Goosehead Insurance Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSHD#NASDAQ">GSHD</a>) was changed from Market Perform to Outperform. For the second quarter, Goosehead Insurance had an EPS of $0.41, compared to year-ago quarter EPS of $0.16. The stock has a 52-week-high of $76.36 and a 52-week-low of $29.31. At the end of the last trading period, Goosehead Insurance closed at $74.68. 
For Kimco Realty Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KIM#NYSE">KIM</a>), Wells Fargo upgraded the previous rating of Underweight to Equal-Weight. In the second quarter, Kimco Realty showed an EPS of $0.39, compared to $0.40 from the year-ago quarter. At the moment, the stock has a 52-week-high of $23.27 and a 52-week-low of $17.34. Kimco Realty closed at $18.49 at the end of the last trading period. 
According to Wells Fargo, the prior rating for SITE Centers Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SITC#NYSE">SITC</a>) was changed from Equal-Weight to Overweight. In the second quarter, SITE Centers showed an EPS of $0.29, compared to $0.31 from the year-ago quarter. The current stock performance of SITE Centers shows a 52-week-high of $14.62 and a 52-week-low of $10.43. Moreover, at the end of the last trading period, the closing price was at $13.35. 
According to BMO Capital, the prior rating for Hudson Pacific Properties Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPP#NYSE">HPP</a>) was changed from Market Perform to Outperform. For the second quarter, Hudson Pacific Properties had an EPS of $0.24, compared to year-ago quarter EPS of $0.51. The current stock performance of Hudson Pacific Properties shows a 52-week-high of $12.74 and a 52-week-low of $4.04. Moreover, at the end of the last trading period, the closing price was at $6.74. 
According to Jefferies, the prior rating for Sabra Health Care REIT Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBRA#NASDAQ">SBRA</a>) was changed from Hold to Buy. Sabra Health Care REIT earned $0.33 in the second quarter, compared to $0.39 in the year-ago quarter. At the moment, the stock has a 52-week-high of $14.31 and a 52-week-low of $10.08. Sabra Health Care REIT closed at $13.36 at the end of the last trading period. 
For Bausch Health Companies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHC#NYSE">BHC</a>), Jefferies upgraded the previous rating of Hold to Buy. For the second quarter, Bausch Health Companies had an EPS of $0.81, compared to year-ago quarter EPS of $0.55. At the moment, the stock has a 52-week-high of $10.23 and a 52-week-low of $5.57. Bausch Health Companies closed at $7.72 at the end of the last trading period. 
For Cia Energetica DE Minas Gerais - Cemig (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIG#NYSE">CIG</a>), B of A Securities upgraded the previous rating of Neutral to Buy. The current stock performance of Cia Energetica DE Minas shows a 52-week-high of $2.70 and a 52-week-low of $1.82. Moreover, at the end of the last trading period, the closing price was at $2.62. 
Goldman Sachs upgraded the previous rating for Azul SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZUL#NYSE">AZUL</a>) from Neutral to Buy. For the second quarter, Azul had an EPS of $0.81, compared to year-ago quarter EPS of $0.94. The stock has a 52-week-high of $13.87 and a 52-week-low of $3.82. At the end of the last trading period, Azul closed at $8.27. 
<a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">See all analyst ratings upgrades.</a>
<h3>Downgrades</h3>
According to Raymond James, the prior rating for Ventas Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTR#NYSE">VTR</a>) was changed from Strong Buy to Outperform. Ventas earned $0.75 in the second quarter, compared to $0.72 in the year-ago quarter. The stock has a 52-week-high of $53.15 and a 52-week-low of $35.34. At the end of the last trading period, Ventas closed at $43.45. 
For Skyworks Solutions Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWKS#NASDAQ">SWKS</a>), Exane BNP Paribas downgraded the previous rating of Outperform to Neutral. In the third quarter, Skyworks Solutions showed an EPS of $1.73, compared to $2.44 from the year-ago quarter. The current stock performance of Skyworks Solutions shows a 52-week-high of $123.69 and a 52-week-low of $76.17. Moreover, at the end of the last trading period, the closing price was at $97.82. 
For ARS Pharmaceuticals Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPRY#NASDAQ">SPRY</a>), William Blair downgraded the previous rating of Outperform to Market Perform. In the second quarter, ARS Pharmaceuticals showed an EPS of $0.18, compared to $0.21 from the year-ago quarter. At the moment, the stock has a 52-week-high of $9.65 and a 52-week-low of $3.99. ARS Pharmaceuticals closed at $6.61 at the end of the last trading period. 
Wells Fargo downgraded the previous rating for Phillips Edison &amp; Co Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PECO#NASDAQ">PECO</a>) from Equal-Weight to Underweight. In the second quarter, Phillips Edison showed an EPS of $0.12, compared to $0.12 from the year-ago quarter. The stock has a 52-week-high of $36.46 and a 52-week-low of $27.08. At the end of the last trading period, Phillips Edison closed at $34.78. 
Wells Fargo downgraded the previous rating for Retail Opportunity Investments Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROIC#NASDAQ">ROIC</a>) from Overweight to Equal-Weight. For the second quarter, Retail Opportunity had an EPS of $0.27, compared to year-ago quarter EPS of $0.28. The stock has a 52-week-high of $16.37 and a 52-week-low of $11.97. At the end of the last trading period, Retail Opportunity closed at $13.58. 
According to JP Morgan, the prior rating for Dollar General Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) was changed from Neutral to Underweight. For the second quarter, Dollar Gen had an EPS of $2.13, compared to year-ago quarter EPS of $2.98. The stock has a 52-week-high of $261.57 and a 52-week-low of $112.16. At the end of the last trading period, Dollar Gen closed at $115.10. 
According to Morgan Stanley, the prior rating for Ncino Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCNO#NASDAQ">NCNO</a>) was changed from Equal-Weight to Underweight. In the second quarter, Ncino showed an EPS of $0.09, compared to $0.04 from the year-ago quarter. At the moment, the stock has a 52-week-high of $37.22 and a 52-week-low of $19.58. Ncino closed at $33.09 at the end of the last trading period. 
According to Morgan Stanley, the prior rating for Zebra Technologies Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZBRA#NASDAQ">ZBRA</a>) was changed from Equal-Weight to Underweight. In the second quarter, Zebra Technologies showed an EPS of $3.29, compared to $4.61 from the year-ago quarter. The stock has a 52-week-high of $351.74 and a 52-week-low of $225.14. At the end of the last trading period, Zebra Technologies closed at $252.17. 
Oppenheimer downgraded the previous rating for Chewy Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>) from Outperform to Perform. For the second quarter, Chewy had an EPS of $0.15, compared to year-ago quarter EPS of $0.05. The stock has a 52-week-high of $52.88 and a 52-week-low of $18.90. At the end of the last trading period, Chewy closed at $19.45. 
Exane BNP Paribas downgraded the previous rating for WPP PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WPP#NYSE">WPP</a>) from Outperform to Neutral. NoneThe current stock performance of WPP shows a 52-week-high of $64.07 and a 52-week-low of $39.69. Moreover, at the end of the last trading period, the closing price was at $47.15. 
B of A Securities downgraded the previous rating for PT Telkom Indonesia (Persero) Tbk (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TLK#NYSE">TLK</a>) from Buy to Neutral. For the first quarter, Telkom Indonesia had an EPS of $0.43, compared to year-ago quarter EPS of $0.43. The stock has a 52-week-high of $29.82 and a 52-week-low of $23.03. At the end of the last trading period, Telkom Indonesia closed at $24.18. 
<a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">See all analyst ratings downgrades.</a>
<h3>Initiations</h3>
With an Outperform rating, Oppenheimer initiated coverage on Air Transport Services Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATSG#NASDAQ">ATSG</a>). The price target seems to have been set at $27.00 for Air Transport Services Gr. In the second quarter, Air Transport Services Gr showed an EPS of $0.57, compared to $0.59 from the year-ago quarter. At the moment, the stock has a 52-week-high of $29.54 and a 52-week-low of $14.39. Air Transport Services Gr closed at $20.96 at the end of the last trading period. 
Hovde Group initiated coverage on Brookline Bancorp Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRKL#NASDAQ">BRKL</a>) with an Outperform rating. The price target for Brookline Bancorp is set to $10.75. In the second quarter, Brookline Bancorp showed an EPS of $0.26, compared to $0.33 from the year-ago quarter. The stock has a 52-week-high of $15.50 and a 52-week-low of $7.00. At the end of the last trading period, Brookline Bancorp closed at $8.93. 
RBC Capital initiated coverage on International Business Machines Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) with an Outperform rating. The price target for IBM is set to $188.00. For the second quarter, IBM had an EPS of $2.18, compared to year-ago quarter EPS of $2.31. The current stock performance of IBM shows a 52-week-high of $153.18 and a 52-week-low of $115.57. Moreover, at the end of the last trading period, the closing price was at $146.52. 
Needham initiated coverage on Lululemon Athletica Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) with a Buy rating. The price target for Lululemon Athletica is set to $470.00. In the second quarter, Lululemon Athletica showed an EPS of $2.68, compared to $2.20 from the year-ago quarter. The stock has a 52-week-high of $406.94 and a 52-week-low of $277.61. At the end of the last trading period, Lululemon Athletica closed at $384.45. 
With a Buy rating, Needham initiated coverage on On Holding AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONON#NYSE">ONON</a>). The price target seems to have been set at $40.00 for On Holding. In the second quarter, On Holding showed an EPS of $0.04, compared to $0.15 from the year-ago quarter. The current stock performance of On Holding shows a 52-week-high of $37.08 and a 52-week-low of $15.44. Moreover, at the end of the last trading period, the closing price was at $29.86. 
With a Buy rating, Jefferies initiated coverage on CareTrust REIT Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTRE#NYSE">CTRE</a>). The price target seems to have been set at $23.00 for CareTrust REIT. In the second quarter, CareTrust REIT showed an EPS of $0.35, compared to $0.37 from the year-ago quarter. The current stock performance of CareTrust REIT shows a 52-week-high of $21.37 and a 52-week-low of $16.22. Moreover, at the end of the last trading period, the closing price was at $20.02. 
With a Hold rating, Jefferies initiated coverage on National Health Investors Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NHI#NYSE">NHI</a>). The price target seems to have been set at $52.00 for National Health Investors. For the second quarter, National Health Investors had an EPS of $1.06, compared to year-ago quarter EPS of $1.26. The stock has a 52-week-high of $63.59 and a 52-week-low of $47.54. At the end of the last trading period, National Health Investors closed at $50.58. 
Roth MKM initiated coverage on Reviva Pharmaceuticals Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RVPH#NASDAQ">RVPH</a>) with a Buy rating. The price target for Reviva Pharmaceuticals is set to $12.00. In the second quarter, Reviva Pharmaceuticals showed an EPS of $0.55, compared to $0.29 from the year-ago quarter. The stock has a 52-week-high of $9.25 and a 52-week-low of $1.56. At the end of the last trading period, Reviva Pharmaceuticals closed at $5.23. 
With a Hold rating, Jefferies initiated coverage on LTC Properties Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LTC#NYSE">LTC</a>). The price target seems to have been set at $29.00 for LTC Properties. LTC Properties earned $0.66 in the second quarter, compared to $0.64 in the year-ago quarter. At the moment, the stock has a 52-week-high of $42.17 and a 52-week-low of $30.87. LTC Properties closed at $31.88 at the end of the last trading period. 
With a Buy rating, Rosenblatt initiated coverage on Sonos Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SONO#NASDAQ">SONO</a>). The price target seems to have been set at $20.00 for Sonos. In the third quarter, Sonos showed an EPS of $0.16, compared to $0.19 from the year-ago quarter. The current stock performance of Sonos shows a 52-week-high of $21.98 and a 52-week-low of $12.78. Moreover, at the end of the last trading period, the closing price was at $12.95. 
With a Market Outperform rating, JMP Securities initiated coverage on Mirum Pharmaceuticals Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MIRM#NASDAQ">MIRM</a>). The price target seems to have been set at $70.00 for Mirum Pharmaceuticals. Mirum Pharmaceuticals earned $1.94 in the second quarter, compared to $0.84 in the year-ago quarter. At the moment, the stock has a 52-week-high of $33.39 and a 52-week-low of $17.33. Mirum Pharmaceuticals closed at $31.00 at the end of the last trading period. 
With an Overweight rating, JP Morgan initiated coverage on First Citizens BancShares Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCNCA#NASDAQ">FCNCA</a>). The price target seems to have been set at $1850.00 for First Citizens BancShares. For the second quarter, First Citizens BancShares had an EPS of $52.60, compared to year-ago quarter EPS of $16.86. The stock has a 52-week-high of $1512.07 and a 52-week-low of $505.84. At the end of the last trading period, First Citizens BancShares closed at $1352.88. 
For Maplebear Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CART#NASDAQ">CART</a>), Needham initiated coverage, by setting the current rating at Hold. Maplebear earned $0.21 in the third quarter, compared to $0.15 in the year-ago quarter. The stock has a 52-week-high of $42.95 and a 52-week-low of $33.67. At the end of the last trading period, Maplebear closed at $33.70. 
With a Buy rating, DA Davidson initiated coverage on Build-A-Bear Workshop Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBW#NYSE">BBW</a>). The price target seems to have been set at $42.00 for Build-A-Bear Workshop. For the second quarter, Build-A-Bear Workshop had an EPS of $0.57, compared to year-ago quarter EPS of $0.38. The current stock performance of Build-A-Bear Workshop shows a 52-week-high of $30.49 and a 52-week-low of $12.62. Moreover, at the end of the last trading period, the closing price was at $27.37. 
<a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">See all analyst ratings initiations.</a>

Initiation

Intraday Update

ATSG

AZUL

BRKL

CART

CHWY

CTRE

FCNCA

GSHD

LULU

MIRM

NCNO

ONON

PECO

PINS

RVPH

SBRA

SITC

SONO

SPRY

SWKS

WING

ZBRA

Benzinga's Top Ratings Upgrades, Downgrades For September 20, 2023

Wells Fargo analyst Dori Kesten downgrades Retail Opportunity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROIC#NASDAQ">ROIC</a>) from Overweight to Equal-Weight and raises the price target from $14 to $15.

Wells Fargo Downgrades Retail Opportunity to Equal-Weight, Raises Price Target to $15

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Retail Opportunity REIT deal north of $15.50/share positive for holders - analyst

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Companies in the Real Estate sector have received a lot of coverage today as analysts weigh in on BrightSpire Capital (BRSP – Research Report), Kep...

Analysts Offer Insights on Real Estate Companies: BrightSpire Capital (BRSP), Keppel REIT (OtherKREVF) and Retail Opportunity Investments (ROIC)

In a report released today, Todd Thomas from KeyBanc maintained a Buy rating on Retail Opportunity Investments (ROIC – Research Report), with a pri...

Retail Opportunity Investments (ROIC) Gets a Buy from KeyBanc

Behind The Curve

Losers And Winners Of REIT Earnings Season

Wells Fargo analyst Dori Kesten maintained a Hold rating on Retail Opportunity Investments (ROIC – Research Report) today and set a price target of...

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Retail Opportunity (ROIC) Forecast

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