Retail Opportunity Investments Corp (NASDAQ:ROIC) Given Average Recommendation of “Hold” by Brokerages

Shares of Retail Opportunity Investments Corp (NASDAQ:ROIC) have received a consensus recommendation of “Hold” from the five ratings firms that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $18.00.

A number of equities research analysts recently issued reports on the company. DA Davidson reiterated a “buy” rating on shares of Retail Opportunity Investments in a research report on Monday, July 29th. ValuEngine raised Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research note on Tuesday, July 9th. BidaskClub cut Retail Opportunity Investments from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 20th. Zacks Investment Research raised Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research note on Wednesday, July 31st. Finally, BMO Capital Markets set a $18.00 target price on Retail Opportunity Investments and gave the company a “hold” rating in a research note on Wednesday, July 24th.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Municipal Employees Retirement System of Michigan grew its stake in shares of Retail Opportunity Investments by 2.1% during the second quarter. Municipal Employees Retirement System of Michigan now owns 34,100 shares of the real estate investment trust’s stock valued at $584,000 after buying an additional 690 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Retail Opportunity Investments by 1.8% during the first quarter. Oregon Public Employees Retirement Fund now owns 44,146 shares of the real estate investment trust’s stock valued at $765,000 after buying an additional 797 shares during the last quarter. Fort Washington Investment Advisors Inc. OH grew its stake in shares of Retail Opportunity Investments by 2.2% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 42,431 shares of the real estate investment trust’s stock valued at $736,000 after buying an additional 900 shares during the last quarter. Mason Street Advisors LLC grew its stake in shares of Retail Opportunity Investments by 3.4% during the first quarter. Mason Street Advisors LLC now owns 36,607 shares of the real estate investment trust’s stock valued at $635,000 after buying an additional 1,209 shares during the last quarter. Finally, Aperio Group LLC grew its stake in shares of Retail Opportunity Investments by 7.6% during the second quarter. Aperio Group LLC now owns 18,466 shares of the real estate investment trust’s stock valued at $316,000 after buying an additional 1,305 shares during the last quarter. 95.54% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:ROIC traded down $0.13 during trading on Thursday, hitting $18.28. 52,093 shares of the company were exchanged, compared to its average volume of 892,798. The company has a market cap of $2.10 billion, a PE ratio of 16.05, a P/E/G ratio of 3.75 and a beta of 0.72. The stock has a 50 day moving average of $17.87 and a 200 day moving average of $17.44. Retail Opportunity Investments has a 52-week low of $15.44 and a 52-week high of $19.31. The company has a debt-to-equity ratio of 1.16, a current ratio of 4.36 and a quick ratio of 4.36.

Retail Opportunity Investments (NASDAQ:ROIC) last issued its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.02). Retail Opportunity Investments had a return on equity of 3.50% and a net margin of 15.28%. The business had revenue of $72.93 million during the quarter, compared to analysts’ expectations of $73.49 million. During the same quarter last year, the business posted $0.27 EPS. The company’s quarterly revenue was up .8% on a year-over-year basis. Sell-side analysts forecast that Retail Opportunity Investments will post 1.13 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 12th will be paid a $0.197 dividend. The ex-dividend date is Wednesday, September 11th. This represents a $0.79 dividend on an annualized basis and a yield of 4.31%. Retail Opportunity Investments’s dividend payout ratio is presently 69.30%.

Retail Opportunity Investments Company Profile

Retail Opportunity Investments Corp. (NASDAQ: ROIC), is a fully-integrated, self-managed real estate investment trust (REIT) that specializes in the acquisition, ownership and management of grocery-anchored shopping centers located in densely-populated, metropolitan markets across the West Coast. As of March 31, 2019, ROIC owned 90 shopping centers encompassing approximately 10.3 million square feet.

Further Reading: What is the return on assets (ROA) ratio?

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