Retail Opportunity Investments Corp. (NASDAQ:ROIC) has been assigned an average recommendation of “Buy” from the twelve ratings firms that are presently covering the stock. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $22.29.

A number of equities research analysts have commented on ROIC shares. FBR & Co lifted their target price on Retail Opportunity Investments Corp. from $20.00 to $22.00 and gave the company a “hold” rating in a research report on Monday, August 1st. Zacks Investment Research downgraded Retail Opportunity Investments Corp. from a “buy” rating to a “hold” rating in a research report on Saturday, August 6th. JPMorgan Chase & Co. restated a “hold” rating on shares of Retail Opportunity Investments Corp. in a research report on Tuesday, August 9th. Citigroup Inc. lifted their target price on Retail Opportunity Investments Corp. from $20.00 to $21.50 and gave the company a “neutral” rating in a research report on Monday, August 15th. Finally, Canaccord Genuity lifted their target price on Retail Opportunity Investments Corp. from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Tuesday, August 16th.

Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) opened at 19.99 on Monday. Retail Opportunity Investments Corp. has a 12 month low of $16.90 and a 12 month high of $23.05. The company’s 50-day moving average price is $20.34 and its 200-day moving average price is $21.24. The company has a market cap of $2.18 billion, a P/E ratio of 68.23 and a beta of 0.55.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last posted its earnings results on Tuesday, October 25th. The real estate investment trust reported $0.26 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.26. Retail Opportunity Investments Corp. had a return on equity of 2.49% and a net margin of 13.33%. The company had revenue of $59.40 million for the quarter, compared to the consensus estimate of $59.71 million. During the same quarter in the previous year, the business earned $0.26 earnings per share. The company’s revenue for the quarter was up 18.6% on a year-over-year basis. Equities analysts forecast that Retail Opportunity Investments Corp. will post $1.06 EPS for the current fiscal year.

In related news, Director Michael J. Indiveri bought 2,900 shares of the stock in a transaction that occurred on Thursday, August 25th. The stock was purchased at an average cost of $22.33 per share, with a total value of $64,757.00. Following the purchase, the director now directly owns 45,139 shares of the company’s stock, valued at approximately $1,007,953.87. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ROIC. Creative Planning boosted its position 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 valued at $118,000 after buying an additional 19 shares during the last quarter. Invictus RG acquired a new position in Retail Opportunity Investments Corp. during the second quarter valued at about $128,000. US Bancorp DE boosted its position in Retail Opportunity Investments Corp. by 65.3% in the second quarter. US Bancorp DE now owns 6,922 shares of the real estate investment trust’s stock valued at $150,000 after buying an additional 2,735 shares in the last quarter. Societe Generale acquired a new position in Retail Opportunity Investments Corp. during the second quarter valued at about $160,000. Finally, Catalyst Capital Advisors LLC acquired a new position in Retail Opportunity Investments Corp. during the third quarter valued at about $183,000. 87.51% of the stock is owned by hedge funds and other institutional investors.

About Retail Opportunity Investments Corp.

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.

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