Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) have been assigned a consensus recommendation of “Hold” from the ten research firms that are presently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $22.33.

A number of equities analysts have recently issued reports on ROIC shares. Jefferies Group LLC reissued a “buy” rating and set a $26.00 price objective on shares of Retail Opportunity Investments Corp. in a research report on Wednesday, June 14th. Zacks Investment Research raised shares of Retail Opportunity Investments Corp. from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Wednesday, July 12th. Robert W. Baird reissued a “buy” rating and set a $22.00 price objective on shares of Retail Opportunity Investments Corp. in a research report on Thursday, August 24th. KeyCorp reissued a “hold” rating on shares of Retail Opportunity Investments Corp. in a research report on Friday, August 25th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $23.00 price objective on shares of Retail Opportunity Investments Corp. in a research report on Thursday, July 27th.

Several institutional investors and hedge funds have recently bought and sold shares of ROIC. Riverhead Capital Management LLC raised its holdings in shares of Retail Opportunity Investments Corp. by 55.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 7,327 shares of the real estate investment trust’s stock worth $141,000 after acquiring an additional 2,627 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Retail Opportunity Investments Corp. by 31.3% in the 1st quarter. Daiwa Securities Group Inc. now owns 8,400 shares of the real estate investment trust’s stock worth $177,000 after acquiring an additional 2,000 shares during the last quarter. Neuburgh Advisers LLC raised its holdings in shares of Retail Opportunity Investments Corp. by 0.4% in the 1st quarter. Neuburgh Advisers LLC now owns 8,976 shares of the real estate investment trust’s stock worth $189,000 after acquiring an additional 34 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in shares of Retail Opportunity Investments Corp. in the 1st quarter worth about $195,000. Finally, Shelton Capital Management raised its holdings in shares of Retail Opportunity Investments Corp. by 5.6% in the 2nd quarter. Shelton Capital Management now owns 10,858 shares of the real estate investment trust’s stock worth $208,000 after acquiring an additional 579 shares during the last quarter. Institutional investors own 94.92% of the company’s stock.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last issued its quarterly 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). The firm had revenue of $66.64 million for the quarter, compared to the consensus estimate of $66.18 million. Retail Opportunity Investments Corp. had a net margin of 13.92% and a return on equity of 2.71%. The business’s revenue was up 13.6% compared to the same quarter last year. During the same period last year, the company posted $0.27 EPS.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, September 14th will be given a dividend of $0.188 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date is Wednesday, September 13th. This is a boost from Retail Opportunity Investments Corp.’s previous quarterly dividend of $0.19. Retail Opportunity Investments Corp.’s dividend payout ratio is 227.28%.

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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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