Retail Opportunity Investments Corp. (NASDAQ:ROIC) was the recipient of unusually large options trading on Wednesday. Stock investors acquired 1,362 put options on the stock. This is an increase of Infinity compared to the typical volume of 0 put options.

Shares of Retail Opportunity Investments Corp. (NASDAQ ROIC) opened at $18.43 on Friday. The firm has a market cap of $2.04 billion, a P/E ratio of 16.73, a price-to-earnings-growth ratio of 2.47 and a beta of 0.66. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.64 and a quick ratio of 1.64.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last issued its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.21). The firm had revenue of $67.97 million for the quarter, compared to the consensus estimate of $68.34 million. Retail Opportunity Investments Corp. had a net margin of 14.13% and a return on equity of 2.86%. The business’s revenue was up 14.5% compared to the same quarter last year. During the same period last year, the company posted $0.26 EPS. research analysts anticipate that Retail Opportunity Investments Corp. will post 1.13 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, December 14th will be given a dividend of $0.188 per share. The ex-dividend date of this dividend is Wednesday, December 13th. This represents a $0.75 dividend on an annualized basis and a yield of 4.08%. Retail Opportunity Investments Corp.’s dividend payout ratio (DPR) is currently 220.59%.

A number of institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas Arbitrage SA boosted its position in Retail Opportunity Investments Corp. by 31.6% during the third quarter. BNP Paribas Arbitrage SA now owns 93,256 shares of the real estate investment trust’s stock valued at $1,773,000 after acquiring an additional 22,392 shares during the last quarter. Jennison Associates LLC boosted its position in Retail Opportunity Investments Corp. by 4.7% during the third quarter. Jennison Associates LLC now owns 1,341,603 shares of the real estate investment trust’s stock valued at $25,504,000 after acquiring an additional 60,261 shares during the last quarter. Advantus Capital Management Inc boosted its position in Retail Opportunity Investments Corp. by 1.9% during the third quarter. Advantus Capital Management Inc now owns 221,100 shares of the real estate investment trust’s stock valued at $4,203,000 after acquiring an additional 4,100 shares during the last quarter. Pettee Investors Inc. bought a new stake in Retail Opportunity Investments Corp. during the third quarter valued at $495,000. Finally, Stevens Capital Management LP bought a new stake in Retail Opportunity Investments Corp. during the third quarter valued at $478,000. 94.87% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts recently weighed in on the company. Zacks Investment Research downgraded Retail Opportunity Investments Corp. from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. BidaskClub raised Retail Opportunity Investments Corp. from a “sell” rating to a “hold” rating in a report on Sunday, July 16th. KeyCorp reaffirmed a “neutral” rating on shares of Retail Opportunity Investments Corp. in a report on Tuesday, October 24th. Jefferies Group LLC set a $20.00 price target on Retail Opportunity Investments Corp. and gave the stock a “hold” rating in a report on Tuesday. Finally, Citigroup Inc decreased their price target on Retail Opportunity Investments Corp. from $20.50 to $20.00 and set a “neutral” rating for the company in a report on Monday, October 30th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $22.00.

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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.

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