Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) have received an average rating of “Hold” from the ten ratings firms that are presently covering the stock, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $22.17.

Several equities research analysts have commented on the company. KeyCorp restated a “neutral” rating on shares of Retail Opportunity Investments in a research note on Tuesday, October 24th. Jefferies Group set a $20.00 price objective on Retail Opportunity Investments and gave the stock a “hold” rating in a research note on Tuesday, October 31st. Zacks Investment Research upgraded Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Citigroup dropped their price objective on Retail Opportunity Investments from $20.50 to $20.00 and set a “neutral” rating on the stock in a research note on Monday, October 30th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $22.00 price objective on shares of Retail Opportunity Investments in a research note on Monday, October 30th.

Institutional investors have recently made changes to their positions in the company. California Public Employees Retirement System raised its stake in shares of Retail Opportunity Investments by 1.9% during the 2nd quarter. California Public Employees Retirement System now owns 179,500 shares of the real estate investment trust’s stock worth $3,445,000 after purchasing an additional 3,400 shares in the last quarter. Bank of Montreal Can raised its stake in Retail Opportunity Investments by 560.6% in the 2nd quarter. Bank of Montreal Can now owns 19,090 shares of the real estate investment trust’s stock valued at $367,000 after acquiring an additional 16,200 shares during the period. IndexIQ Advisors LLC raised its stake in Retail Opportunity Investments by 12.0% in the 2nd quarter. IndexIQ Advisors LLC now owns 130,245 shares of the real estate investment trust’s stock valued at $2,499,000 after acquiring an additional 13,969 shares during the period. Dupont Capital Management Corp raised its stake in Retail Opportunity Investments by 18.5% in the 3rd quarter. Dupont Capital Management Corp now owns 115,126 shares of the real estate investment trust’s stock valued at $2,189,000 after acquiring an additional 17,971 shares during the period. Finally, Sterling Capital Management LLC bought a new stake in Retail Opportunity Investments in the 2nd quarter valued at $1,343,000. Institutional investors own 97.48% of the company’s stock.

Retail Opportunity Investments (NASDAQ:ROIC) traded down $0.13 during midday trading on Thursday, reaching $19.57. The company’s stock had a trading volume of 785,806 shares, compared to its average volume of 897,004. The company has a market cap of $2,146.32, a PE ratio of 17.62, a price-to-earnings-growth ratio of 2.54 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 has a 12-month low of $17.87 and a 12-month high of $22.37.

Retail Opportunity Investments (NASDAQ:ROIC) last released its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.21). The firm had revenue of $67.97 million during the quarter, compared to the consensus estimate of $68.34 million. Retail Opportunity Investments had a net margin of 14.13% and a return on equity of 2.86%. The company’s revenue was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.26 EPS. sell-side analysts forecast that Retail Opportunity Investments 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 paid a dividend of $0.188 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date is Wednesday, December 13th. Retail Opportunity Investments’s dividend payout ratio is currently 220.59%.

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About Retail Opportunity Investments

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 (NASDAQ:ROIC)

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