Royal Bank Of Canada reiterated their hold rating on shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) in a research report report published on Thursday, July 27th. The brokerage currently has a $23.00 price objective on the real estate investment trust’s stock.

Other analysts have also issued reports about the stock. Jefferies Group LLC reiterated a buy rating and set a $25.00 price target on shares of Retail Opportunity Investments Corp. in a research note on Tuesday, July 25th. Zacks Investment Research upgraded shares of Retail Opportunity Investments Corp. from a hold rating to a buy rating and set a $21.00 price target on the stock in a research note on Wednesday, July 12th. Canaccord Genuity reiterated a buy rating and set a $26.00 price target on shares of Retail Opportunity Investments Corp. in a research note on Thursday, April 27th. TheStreet lowered shares of Retail Opportunity Investments Corp. from a b rating to a c+ rating in a research note on Friday, April 28th. Finally, BidaskClub upgraded shares of Retail Opportunity Investments Corp. from a sell rating to a hold rating in a research note on Sunday, July 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. Retail Opportunity Investments Corp. presently has an average rating of Hold and a consensus price target of $23.14.

Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) opened at 20.31 on Thursday. Retail Opportunity Investments Corp. has a 52 week low of $18.45 and a 52 week high of $22.98. The stock has a 50 day moving average of $19.67 and a 200 day moving average of $20.54. The stock has a market cap of $2.23 billion, a P/E ratio of 62.88 and a beta of 0.69.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last posted its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.28 by $0.01. Retail Opportunity Investments Corp. had a net margin of 13.92% and a return on equity of 2.71%. The company had revenue of $66.64 million during the quarter, compared to analyst estimates of $66.18 million. During the same period in the previous year, the company earned $0.27 EPS. The company’s quarterly revenue was up 13.6% compared to the same quarter last year. On average, analysts expect that Retail Opportunity Investments Corp. will post $0.37 earnings per share for the current year.

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The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, September 14th will be issued a $0.188 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 3.70%. This is an increase from Retail Opportunity Investments Corp.’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Wednesday, September 13th. Retail Opportunity Investments Corp.’s dividend payout ratio is 227.28%.

Institutional investors have recently made changes to their positions in the stock. Tyers Asset Management LLC increased its position 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 increased its position 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. increased its stake in 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 valued at $177,000 after buying an additional 2,000 shares during the last quarter. Neuburgh Advisers LLC increased its stake in 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 valued at $189,000 after buying an additional 34 shares during the last quarter. Finally, Ameritas Investment Partners Inc. purchased a new stake in Retail Opportunity Investments Corp. during the first quarter valued at $195,000. 96.55% of the stock is owned by hedge funds and other institutional investors.

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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