Other equities analysts have also recently issued research reports about the stock. Morgan Stanley cut shares of Retail Value from an “overweight” rating to an “equal weight” rating and set a $38.00 price objective for the company. in a research report on Friday, August 2nd. They noted that the move was a valuation call. Zacks Investment Research cut shares of Retail Value from a “buy” rating to a “hold” rating in a research report on Tuesday, October 22nd.
Shares of NYSE:RVI traded down $0.87 during mid-day trading on Friday, reaching $36.62. 54,039 shares of the company were exchanged, compared to its average volume of 88,609. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.95 and a quick ratio of 2.95. The firm has a market cap of $703.60 million, a price-to-earnings ratio of 7.92 and a beta of 1.42. The firm’s 50-day simple moving average is $36.64 and its 200 day simple moving average is $35.57. Retail Value has a 1 year low of $24.50 and a 1 year high of $38.59.
Institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada raised its holdings in shares of Retail Value by 218.7% in the 2nd quarter. Royal Bank of Canada now owns 819 shares of the company’s stock valued at $29,000 after purchasing an additional 562 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Retail Value in the 2nd quarter valued at $31,000. Tower Research Capital LLC TRC raised its holdings in shares of Retail Value by 129.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,028 shares of the company’s stock valued at $38,000 after purchasing an additional 580 shares in the last quarter. Machina Capital S.A.S. acquired a new stake in shares of Retail Value in the 2nd quarter valued at $40,000. Finally, Schroder Investment Management Group raised its holdings in shares of Retail Value by 2,196.1% in the 2nd quarter. Schroder Investment Management Group now owns 1,171 shares of the company’s stock valued at $41,000 after purchasing an additional 1,120 shares in the last quarter. Institutional investors own 67.14% of the company’s stock.
About Retail Value
RVI is an independent publicly traded company trading under the ticker symbol RVI on the New York Stock Exchange. RVI holds assets in the continental U.S. and Puerto Rico and is managed by one or more subsidiaries of SITE Centers Corp. RVI focuses on realizing value in its business through operations and sales of its assets.
Featured Story: Stop Order Uses For Individual Investors
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Retail Value Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Retail Value and related companies with MarketBeat.com's FREE daily email newsletter.