Retail Opportunity Investments Corp. (ROIC) Given Consensus Rating of “Hold” by Analysts

Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) have received a consensus recommendation of “Hold” from the ten brokerages that are covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $22.33.

ROIC has been the subject of a number of recent analyst reports. Zacks Investment Research raised Retail Opportunity Investments Corp. from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Wednesday, July 12th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Retail Opportunity Investments Corp. in a research note on Tuesday, July 25th. Robert W. Baird reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Retail Opportunity Investments Corp. in a research note on Thursday, August 24th. KeyCorp reaffirmed a “hold” rating on shares of Retail Opportunity Investments Corp. in a research note on Friday, August 25th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $23.00 price objective on shares of Retail Opportunity Investments Corp. in a research note on Thursday, July 27th.

Large investors have recently bought and sold shares of the stock. Riverhead Capital Management LLC lifted its position in shares of Retail Opportunity Investments Corp. by 55.9% in the second 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 in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Retail Opportunity Investments Corp. by 15.5% in the second quarter. Daiwa Securities Group Inc. now owns 9,700 shares of the real estate investment trust’s stock worth $186,000 after buying an additional 1,300 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of Retail Opportunity Investments Corp. in the first quarter worth about $195,000. Shelton Capital Management lifted its position in shares of Retail Opportunity Investments Corp. by 5.6% in the second 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 in the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of Retail Opportunity Investments Corp. by 77.6% in the second quarter. SG Americas Securities LLC now owns 10,965 shares of the real estate investment trust’s stock worth $210,000 after buying an additional 4,790 shares in the last quarter. Institutional investors own 94.92% of the company’s stock.

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Retail Opportunity Investments Corp. (NASDAQ:ROIC) traded down 0.05% during mid-day trading on Wednesday, hitting $19.14. The company’s stock had a trading volume of 747,775 shares. The stock has a market cap of $2.10 billion, a P/E ratio of 59.26 and a beta of 0.68. Retail Opportunity Investments Corp. has a 52-week low of $18.45 and a 52-week high of $22.37. The company’s 50 day moving average is $19.56 and its 200-day moving average is $20.07.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last released its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). The business had revenue of $66.64 million during the quarter, compared to the consensus estimate of $66.18 million. Retail Opportunity Investments Corp. had a return on equity of 2.71% and a net margin of 13.92%. The business’s revenue was up 13.6% on a year-over-year basis. During the same period last year, the company earned $0.27 EPS. On average, equities analysts predict that Retail Opportunity Investments Corp. will post $0.35 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 28th. Investors of record on Thursday, September 14th were given a $0.188 dividend. This is an increase from Retail Opportunity Investments Corp.’s previous quarterly dividend of $0.19. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date of this dividend was Wednesday, September 13th. Retail Opportunity Investments Corp.’s payout ratio is currently 227.28%.

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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