Retail Opportunity Investments Corp. (NASDAQ:ROIC) posted its earnings results on Wednesday. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by $0.01, Bloomberg Earnings reports. Retail Opportunity Investments Corp. had a return on equity of 2.71% and a net margin of 14.13%. The business had revenue of $66.64 million for the quarter, compared to the consensus estimate of $66.18 million. During the same period in the previous year, the company posted $0.27 earnings per share. Retail Opportunity Investments Corp.’s revenue for the quarter was up 13.6% compared to the same quarter last year.

Shares of Retail Opportunity Investments Corp. (ROIC) traded up 0.93% during trading on Wednesday, hitting $20.59. 915,191 shares of the stock traded hands. Retail Opportunity Investments Corp. has a 52 week low of $18.45 and a 52 week high of $23.05. The company has a market capitalization of $2.26 billion, a PE ratio of 63.55 and a beta of 0.69.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 29th. Stockholders of record on Thursday, June 15th were paid a dividend of $0.1875 per share. The ex-dividend date was Tuesday, June 13th. This represents a $0.75 annualized dividend and a dividend yield of 3.64%. Retail Opportunity Investments Corp.’s dividend payout ratio is currently 174.42%.

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A number of analysts recently issued reports on the company. Zacks Investment Research raised Retail Opportunity Investments Corp. from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Thursday, April 27th. Canaccord Genuity reissued a “buy” rating and set a $26.00 target price on shares of Retail Opportunity Investments Corp. in a research note on Thursday, April 27th. TheStreet cut Retail Opportunity Investments Corp. from a “b” rating to a “c+” rating in a research note on Friday, April 28th. Jefferies Group LLC reissued a “buy” rating and set a $26.00 target price on shares of Retail Opportunity Investments Corp. in a research note on Wednesday, June 14th. Finally, BidaskClub raised Retail Opportunity Investments Corp. from a “sell” rating to a “hold” rating in a research note on Sunday, July 16th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $23.17.

About Retail Opportunity Investments Corp.

Retail Opportunity Investments Corp. (ROIC) is a fully integrated, self-managed real estate investment trust (REIT). 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.

Earnings History for Retail Opportunity Investments Corp. (NASDAQ:ROIC)

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