Retail Opportunity Investments Corp. (ROIC) Declares Quarterly Dividend of $0.16
Retail Opportunity Investments Corp. (NASDAQ:ROIC) declared a quarterly dividend on Wednesday, July 30th, AR Network reports. Shareholders of record on Monday, September 15th will be given a dividend of 0.16 per share on Monday, September 29th. This represents a $0.64 dividend on an annualized basis and a yield of 4.08%.
A number of analysts have recently weighed in on ROIC shares. Analysts at Citigroup Inc. initiated coverage on shares of Retail Opportunity Investments Corp. in a research note on Wednesday, July 23rd. They set a “neutral” rating and a $16.00 price target on the stock. Analysts at BMO Capital Markets raised their price target on shares of Retail Opportunity Investments Corp. from $17.00 to $18.00 in a research note on Friday, June 27th. They now have an “outperform” rating on the stock.
Retail Opportunity Investments Corp. (NASDAQ:ROIC) traded down 0.88% during mid-day trading on Wednesday, hitting $15.69. The stock had a trading volume of 507,683 shares. Retail Opportunity Investments Corp. has a 52 week low of $12.60 and a 52 week high of $16.30. The stock has a 50-day moving average of $15.72 and a 200-day moving average of $15.24. The company has a market cap of $1.175 billion and a P/E ratio of 34.19.
Retail Opportunity Investments Corp. is a fully integrated, self-managed real estate investment trust (NASDAQ:ROIC).
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