Retail Value (NYSE:RVI) Lifted to Hold at Zacks Investment Research

Retail Value (NYSE:RVI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Wednesday, Zacks.com reports.

According to Zacks, “Retail Value Inc. focuses on business through operations and sales of its assets. It holds assets in the continental U.S. and Puerto Rico and is managed by one or more subsidiaries of DDR Corp. Retail Value Inc. is based in OH, United States. “

Several other equities analysts have also issued reports on the stock. Morgan Stanley lifted their price target on shares of Retail Value from $26.50 to $27.00 and gave the stock an “overweight” rating in a report on Monday, August 23rd. TheStreet raised shares of Retail Value from a “d” rating to a “c-” rating in a report on Tuesday, May 25th.

NYSE RVI opened at $26.09 on Wednesday. The firm’s fifty day simple moving average is $25.03 and its two-hundred day simple moving average is $21.27. The company has a current ratio of 4.72, a quick ratio of 4.72 and a debt-to-equity ratio of 0.37. Retail Value has a 12-month low of $11.15 and a 12-month high of $26.46. The firm has a market capitalization of $550.94 million, a P/E ratio of -3.67 and a beta of 1.87.

Retail Value (NYSE:RVI) last released its quarterly earnings results on Tuesday, August 3rd. The company reported ($3.30) earnings per share (EPS) for the quarter. Retail Value had a negative return on equity of 24.08% and a negative net margin of 88.60%. The firm had revenue of $41.91 million during the quarter. As a group, sell-side analysts predict that Retail Value will post -3.49 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the company. WINTON GROUP Ltd boosted its holdings in Retail Value by 1.0% in the second quarter. WINTON GROUP Ltd now owns 42,548 shares of the company’s stock valued at $925,000 after purchasing an additional 419 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in Retail Value by 7.4% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,572 shares of the company’s stock valued at $143,000 after purchasing an additional 453 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in Retail Value by 5.4% in the second quarter. State Board of Administration of Florida Retirement System now owns 12,301 shares of the company’s stock valued at $268,000 after purchasing an additional 626 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in Retail Value by 5.8% in the first quarter. Nomura Asset Management Co. Ltd. now owns 13,615 shares of the company’s stock valued at $255,000 after purchasing an additional 743 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in Retail Value by 2.2% in the first quarter. Millennium Management LLC now owns 36,494 shares of the company’s stock valued at $683,000 after purchasing an additional 786 shares during the last quarter. 66.60% of the stock is currently owned by hedge funds and other institutional investors.

Retail Value Company Profile

Retail Value, Inc operates as a real estate investment trust, which engages in owning and operating of retail shopping centers. It operates through the following segments: Continental U.S., Puerto Rico, and Other. The company was founded in December 2017 and is headquartered in Beachwood, OH.

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