Fintel reports that on November 7, 2024, Baird downgraded their outlook for Retail Opportunity Investments (NasdaqGS:ROIC) from Outperform to Neutral. Analyst Price Forecast Suggests 10.19% Downside As of October 22,

Blackstone and Retail Opportunity Investments Corp. announced via a press release this week that they have entered into a definitive agreement under which Blackstone Real Estate Partners X will acquire all outstanding common shares of ROIC for $17.

Given Retail Opportunity's high leverage and potential acquisition by Blackstone, the risk/reward balance favors selling ROIC stock. See more here.

Blackstone has announced its acquisition of Retail Opportunity Investments Corp. (ROIC) in a deal valued at approximately $4 billion. The all-cash transaction, set at $17.50 per share, marks a substantial premium of 34% over ROIC's closing share price on July 29, 2024, just before rumors of a potential sale began circulating.

(Reuters) - Blackstone Real Estate on Wednesday entered into an agreement to take Retail Opportunity Investments Corp private in an all-cash transaction valued at about $4 billion, including debt.

Blackstone (NYSE:BX) agreed to acquire Retail Opportunity Investments  (NASDAQ:ROIC) in an all-cash deal valued at ~$4B, including debt, though its Blackstone Real Estate Partners X fund, the companies said on Wednesday.

The purchase of Retail Opportunity Investments reflects the continued need for grocery-anchored shopping centers in metropolitan areas, Blackstone Real Estate Co-Head of Americas Acquisitions Jacob Werner said.