A number of firms have modified their ratings and price targets on shares of Retail Opportunity Investments Corp. (NASDAQ: ROIC) recently:

  • 10/31/2017 – Retail Opportunity Investments Corp. was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Retail Opportunity Investments Corp. is a corporation that intends to qualify as a REIT for U.S. federal incoming tax purposes and that expects to invest in, acquire, own, lease, reposition and manage a diverse portfolio of necessity-based retail properties. This includes primarily, well located community and neighborhood shopping centers, anchored by national or regional supermarkets and drugstores. The company may also acquire other retail properties, including power centers, regional malls lifestyle centers and single-tenant retail locations that are leased to national, regional and local tenants. In addition, the Company may supplement its direct purchases of retail properties with first mortgages or second mortgages, mezzanine loans, bridge or other loans or debt investments related to retail properties, in each case provided that the underlying real estate meets the Company’s criteria for direct investment. “
  • 10/31/2017 – Retail Opportunity Investments Corp. was given a new $20.00 price target on by analysts at Jefferies Group LLC. They now have a “hold” rating on the stock.
  • 10/30/2017 – Retail Opportunity Investments Corp. had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $22.00 price target on the stock.
  • 10/30/2017 – Retail Opportunity Investments Corp. had its price target lowered by analysts at Citigroup Inc. from $20.50 to $20.00. They now have a “neutral” rating on the stock.
  • 10/24/2017 – Retail Opportunity Investments Corp. had its “neutral” rating reaffirmed by analysts at KeyCorp.
  • 10/11/2017 – Retail Opportunity Investments Corp. was given a new $23.00 price target on by analysts at FBR & Co. They now have a “hold” rating on the stock.
  • 9/24/2017 – Retail Opportunity Investments Corp. had its “hold” rating reaffirmed by analysts at KeyCorp.
  • 9/15/2017 – Retail Opportunity Investments Corp. was downgraded by analysts at Jefferies Group LLC from a “buy” rating to a “hold” rating. They now have a $21.00 price target on the stock, down previously from $25.00.

Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) opened at $19.32 on Tuesday. The firm has a market cap of $2,085.97, a P/E ratio of 17.13, a price-to-earnings-growth ratio of 2.53 and a beta of 0.66. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.06. Retail Opportunity Investments Corp. has a 52-week low of $17.87 and a 52-week high of $22.37.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last released its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.21). The firm had revenue of $67.97 million for the quarter, compared to analyst estimates 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 for the quarter was up 14.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.26 EPS. equities research analysts forecast that Retail Opportunity Investments Corp. will post 1.13 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, December 14th will be given a dividend of $0.188 per share. This represents a $0.75 annualized dividend and a dividend yield of 3.89%. The ex-dividend date is Wednesday, December 13th. Retail Opportunity Investments Corp.’s dividend payout ratio (DPR) is 220.59%.

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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