Retail Opportunity Investments Corp. (NASDAQ:ROIC) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Sunday.

A number of other equities analysts have also recently commented on the stock. Zacks Investment Research raised shares of Retail Opportunity Investments Corp. from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research note on Wednesday. Citigroup Inc. reissued a “neutral” rating and issued a $19.00 price target (down previously from $21.00) on shares of Retail Opportunity Investments Corp. in a research note on Monday, July 10th. Jefferies Group LLC reissued a “buy” rating and issued a $26.00 price target on shares of Retail Opportunity Investments Corp. in a research note on Wednesday, June 14th. TheStreet cut shares of Retail Opportunity Investments Corp. from a “b” rating to a “c+” rating in a research note on Friday, April 28th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $26.00 price target on shares of Retail Opportunity Investments Corp. in a research note on Thursday, April 27th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $23.33.

Shares of Retail Opportunity Investments Corp. (ROIC) traded up 2.68% during mid-day trading on Friday, reaching $19.94. 1,675,028 shares of the company’s stock were exchanged. Retail Opportunity Investments Corp. has a 52-week low of $18.45 and a 52-week high of $23.05.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last released its quarterly earnings results on Wednesday, April 26th. The real estate investment trust reported $0.28 EPS for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.01. Retail Opportunity Investments Corp. had a net margin of 14.13% and a return on equity of 2.71%. The business had revenue of $65.90 million during the quarter, compared to analysts’ expectations of $62.86 million. During the same quarter in the previous year, the company earned $0.27 EPS. The business’s quarterly revenue was up 17.5% compared to the same quarter last year. Equities research analysts forecast that Retail Opportunity Investments Corp. will post $0.37 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 29th. Stockholders of record on Thursday, June 15th were paid a $0.1875 dividend. The ex-dividend date was Tuesday, June 13th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.76%. Retail Opportunity Investments Corp.’s dividend payout ratio (DPR) is 174.42%.

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Several large investors have recently made changes to their positions in the stock. Tyers Asset Management LLC boosted its stake in shares of Retail Opportunity Investments Corp. by 0.4% in the first quarter. Tyers Asset Management LLC now owns 5,808 shares of the real estate investment trust’s stock worth $122,000 after buying an additional 22 shares during the period. Flinton Capital Management LLC boosted its stake in shares of Retail Opportunity Investments Corp. by 0.4% in the first quarter. Flinton Capital Management LLC now owns 7,392 shares of the real estate investment trust’s stock worth $155,000 after buying an additional 28 shares during the period. Daiwa Securities Group Inc. boosted its stake in shares of Retail Opportunity Investments Corp. by 31.3% in the first quarter. Daiwa Securities Group Inc. now owns 8,400 shares of the real estate investment trust’s stock worth $177,000 after buying an additional 2,000 shares during the period. Neuburgh Advisers LLC boosted its stake in shares of Retail Opportunity Investments Corp. by 0.4% in the first quarter. Neuburgh Advisers LLC now owns 8,976 shares of the real estate investment trust’s stock worth $189,000 after buying an additional 34 shares during the period. Finally, Ameritas Investment Partners Inc. acquired a new stake in shares of Retail Opportunity Investments Corp. during the first quarter worth about $195,000. 96.29% of the stock is owned by institutional investors.

About Retail Opportunity Investments Corp.

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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