BidaskClub lowered shares of Retail Opportunity Investments (NASDAQ:ROIC) from a hold rating to a sell rating in a report released on Saturday morning.

Several other analysts have also recently commented on the stock. Jefferies Group cut shares of Retail Opportunity Investments from a buy rating to a hold rating and dropped their target price for the company from $25.00 to $21.00 in a research report on Friday, September 15th. Zacks Investment Research upgraded shares of Retail Opportunity Investments from a sell rating to a hold rating in a research report on Tuesday, October 31st. KeyCorp reiterated a neutral rating on shares of Retail Opportunity Investments in a research report on Tuesday, October 24th. Royal Bank of Canada reiterated a buy rating and set a $22.00 target price on shares of Retail Opportunity Investments in a research report on Monday, October 30th. Finally, FBR & Co set a $23.00 target price on shares of Retail Opportunity Investments and gave the company a hold rating in a research report on Wednesday, October 11th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. Retail Opportunity Investments has a consensus rating of Hold and a consensus price target of $22.00.

Retail Opportunity Investments (NASDAQ:ROIC) traded down $0.08 during trading hours on Friday, reaching $18.76. The company’s stock had a trading volume of 516,800 shares, compared to its average volume of 822,411. Retail Opportunity Investments has a 12-month low of $17.87 and a 12-month high of $22.37. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.64 and a current ratio of 1.64. The firm has a market cap of $2,058.54, a P/E ratio of 55.18, a price-to-earnings-growth ratio of 2.29 and a beta of 0.68.

Retail Opportunity Investments (NASDAQ:ROIC) last posted its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.21). The firm had revenue of $67.97 million for the quarter, compared to analyst estimates of $68.34 million. Retail Opportunity Investments had a return on equity of 2.86% and a net margin of 14.13%. The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.26 EPS. analysts forecast that Retail Opportunity Investments will post 1.13 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Thursday, December 14th were given a $0.188 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date of this dividend was Wednesday, December 13th. Retail Opportunity Investments’s dividend payout ratio is currently 220.59%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. California Public Employees Retirement System increased its position in shares of Retail Opportunity Investments by 1.9% in the 2nd quarter. California Public Employees Retirement System now owns 179,500 shares of the real estate investment trust’s stock valued at $3,445,000 after buying an additional 3,400 shares in the last quarter. Dupont Capital Management Corp boosted its stake in Retail Opportunity Investments by 18.5% in the 3rd quarter. Dupont Capital Management Corp now owns 115,126 shares of the real estate investment trust’s stock worth $2,189,000 after purchasing an additional 17,971 shares during the period. AXA boosted its stake in Retail Opportunity Investments by 12.6% in the 3rd quarter. AXA now owns 836,024 shares of the real estate investment trust’s stock worth $15,893,000 after purchasing an additional 93,790 shares during the period. Pettee Investors Inc. acquired a new position in Retail Opportunity Investments in the 3rd quarter worth $495,000. Finally, Adelante Capital Management LLC boosted its stake in Retail Opportunity Investments by 7.4% in the 3rd quarter. Adelante Capital Management LLC now owns 1,181,965 shares of the real estate investment trust’s stock worth $22,469,000 after purchasing an additional 81,014 shares during the period. Institutional investors and hedge funds own 97.38% of the company’s stock.

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About Retail Opportunity Investments

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 (NASDAQ:ROIC)

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