Retail Opportunity Investments Corp. (NASDAQ:ROIC) has received a consensus rating of “Buy” from the eleven ratings firms that are presently covering the stock. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $22.13.

ROIC has been the topic of several research analyst reports. Zacks Investment Research raised Retail Opportunity Investments Corp. from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Tuesday, October 4th. JPMorgan Chase & Co. reissued a “hold” rating on shares of Retail Opportunity Investments Corp. in a report on Tuesday, August 9th. Citigroup Inc. raised their price objective on Retail Opportunity Investments Corp. from $20.00 to $21.50 and gave the company a “neutral” rating in a report on Monday, August 15th. Canaccord Genuity raised their price objective on Retail Opportunity Investments Corp. from $19.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, August 25th. Finally, FBR & Co lifted their price target on Retail Opportunity Investments Corp. from $20.00 to $22.00 and gave the stock a “hold” rating in a research note on Monday, August 1st.

In other Retail Opportunity Investments Corp. news, Director Michael J. Indiveri bought 5,500 shares of Retail Opportunity Investments Corp. stock in a transaction on Tuesday, August 16th. The shares were bought at an average price of $21.72 per share, for a total transaction of $119,460.00. Following the completion of the transaction, the director now directly owns 45,139 shares of the company’s stock, valued at $980,419.08. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Michael J. Indiveri bought 2,900 shares of Retail Opportunity Investments Corp. stock in a transaction on Thursday, August 25th. The stock was acquired at an average price of $22.33 per share, for a total transaction of $64,757.00. Following the transaction, the director now directly owns 45,139 shares of the company’s stock, valued at $1,007,953.87. The disclosure for this purchase can be found here. Corporate insiders own 2.30% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Creative Planning increased its stake in Retail Opportunity Investments Corp. by 0.4% in the second quarter. Creative Planning now owns 5,434 shares of the real estate investment trust’s stock worth $118,000 after buying an additional 19 shares in the last quarter. BlackRock Japan Co. Ltd increased its stake in Retail Opportunity Investments Corp. by 1.6% in the first quarter. BlackRock Japan Co. Ltd now owns 5,269 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 85 shares in the last quarter. M&T Bank Corp increased its stake in Retail Opportunity Investments Corp. by 1.3% in the first quarter. M&T Bank Corp now owns 10,835 shares of the real estate investment trust’s stock worth $217,000 after buying an additional 139 shares in the last quarter. Investors Capital Advisory Services increased its stake in Retail Opportunity Investments Corp. by 4.5% in the second quarter. Investors Capital Advisory Services now owns 10,550 shares of the real estate investment trust’s stock worth $228,000 after buying an additional 450 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Retail Opportunity Investments Corp. by 1.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 35,268 shares of the real estate investment trust’s stock worth $764,000 after buying an additional 496 shares in the last quarter. Institutional investors own 85.62% of the company’s stock.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) traded up 0.92% during mid-day trading on Monday, reaching $20.74. The company had a trading volume of 185,904 shares. Retail Opportunity Investments Corp. has a 52 week low of $16.90 and a 52 week high of $23.05. The stock has a 50 day moving average of $21.92 and a 200 day moving average of $21.13. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 68.45 and a beta of 0.45.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last issued its quarterly earnings data on Wednesday, July 27th. The real estate investment trust reported $0.27 EPS for the quarter, beating the consensus estimate of $0.26 by $0.01. Retail Opportunity Investments Corp. had a return on equity of 2.67% and a net margin of 13.97%. The company had revenue of $58.70 million for the quarter, compared to analyst estimates of $57.61 million. Retail Opportunity Investments Corp.’s revenue was up 27.1% on a year-over-year basis. Analysts anticipate that Retail Opportunity Investments Corp. will post $1.07 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 29th. Investors of record on Thursday, September 15th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $0.72 dividend on an annualized basis and a yield of 3.50%. Retail Opportunity Investments Corp.’s payout ratio is 175.61%.

Retail Opportunity Investments Corp. Company Profile

Retail Opportunity Investments Corp. is an integrated, self-managed real estate investment trust (REIT). The Company’s primary business is the ownership, management and redevelopment of retail real estate properties. 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.

5 Day Chart for NASDAQ:ROIC

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