Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) have been assigned an average recommendation of “Hold” from the ten ratings firms that are presently covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $22.33.

Several equities research analysts recently weighed in on the company. Zacks Investment Research cut Retail Opportunity Investments Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. Jefferies Group LLC cut Retail Opportunity Investments Corp. from a “buy” rating to a “hold” rating and dropped their target price for the company from $25.00 to $21.00 in a report on Friday. Royal Bank Of Canada restated a “hold” rating and set a $23.00 target price on shares of Retail Opportunity Investments Corp. in a report on Thursday, July 27th. BidaskClub upgraded Retail Opportunity Investments Corp. from a “sell” rating to a “hold” rating in a report on Sunday, July 16th. Finally, Robert W. Baird restated a “buy” rating and set a $22.00 target price on shares of Retail Opportunity Investments Corp. in a report on Thursday, August 24th.

Shares of Retail Opportunity Investments Corp. (NASDAQ ROIC) traded down 0.75% during trading on Friday, hitting $19.84. The stock had a trading volume of 1,627,279 shares. The company has a market capitalization of $2.18 billion, a PE ratio of 61.42 and a beta of 0.69. Retail Opportunity Investments Corp. has a 52 week low of $18.45 and a 52 week high of $22.63. The firm has a 50-day moving average price of $20.09 and a 200 day moving average price of $20.32.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last posted its quarterly earnings data on Wednesday, July 26th. 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). Retail Opportunity Investments Corp. had a return on equity of 2.71% and a net margin of 13.92%. The firm had revenue of $66.64 million during the quarter, compared to analysts’ expectations of $66.18 million. During the same quarter 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. Equities analysts anticipate that Retail Opportunity Investments Corp. will post $0.33 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, September 14th will be issued a dividend of $0.188 per share. The ex-dividend date of this dividend is Wednesday, September 13th. This is a boost from Retail Opportunity Investments Corp.’s previous quarterly dividend of $0.19. This represents a $0.75 annualized dividend and a yield of 3.79%. Retail Opportunity Investments Corp.’s dividend payout ratio is currently 227.28%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Riverhead Capital Management LLC lifted its holdings in Retail Opportunity Investments Corp. by 55.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 7,327 shares of the real estate investment trust’s stock worth $141,000 after buying an additional 2,627 shares during the period. Daiwa Securities Group Inc. lifted its holdings in Retail Opportunity Investments Corp. by 31.3% in the 1st quarter. Daiwa Securities Group Inc. now owns 8,400 shares of the real estate investment trust’s stock worth $177,000 after buying an additional 2,000 shares during the period. Neuburgh Advisers LLC lifted its holdings in Retail Opportunity Investments Corp. by 0.4% in the 1st quarter. Neuburgh Advisers LLC now owns 8,976 shares of the real estate investment trust’s stock worth $189,000 after buying an additional 34 shares during the period. Ameritas Investment Partners Inc. purchased a new stake in Retail Opportunity Investments Corp. in the 1st quarter worth approximately $195,000. Finally, Shelton Capital Management lifted its holdings in Retail Opportunity Investments Corp. by 5.6% in the 2nd quarter. Shelton Capital Management now owns 10,858 shares of the real estate investment trust’s stock worth $208,000 after buying an additional 579 shares during the period. Institutional investors and hedge funds own 94.92% of the company’s stock.

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Retail Opportunity Investments Corp. Company Profile

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.

Analyst Recommendations for Retail Opportunity Investments Corp. (NASDAQ:ROIC)

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