Brokerages Set Retail Opportunity Investments Corp. (NASDAQ:ROIC) PT at $19.00

Shares of Retail Opportunity Investments Corp. (NASDAQ:ROICGet Rating) have received a consensus rating of “Hold” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $19.00.

Several brokerages recently issued reports on ROIC. Capital One Financial reiterated an “equal weight” rating on shares of Retail Opportunity Investments in a research report on Monday, April 18th. StockNews.com assumed coverage on Retail Opportunity Investments in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Zacks Investment Research upgraded Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research note on Friday, March 4th. TheStreet upgraded Retail Opportunity Investments from a “c+” rating to a “b-” rating in a research note on Monday, April 25th. Finally, Wells Fargo & Company boosted their target price on Retail Opportunity Investments from $17.00 to $19.00 and gave the company an “underweight” rating in a research note on Thursday, April 7th.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE raised its stake in Retail Opportunity Investments by 7.9% in the 4th quarter. Bank of America Corp DE now owns 400,757 shares of the real estate investment trust’s stock valued at $7,855,000 after acquiring an additional 29,467 shares during the period. Citigroup Inc. grew its holdings in Retail Opportunity Investments by 3.2% in the 4th quarter. Citigroup Inc. now owns 231,162 shares of the real estate investment trust’s stock valued at $4,531,000 after buying an additional 7,223 shares in the last quarter. First Trust Advisors LP grew its holdings in Retail Opportunity Investments by 104.3% in the 4th quarter. First Trust Advisors LP now owns 118,945 shares of the real estate investment trust’s stock valued at $2,331,000 after buying an additional 60,736 shares in the last quarter. Allianz Asset Management GmbH grew its holdings in Retail Opportunity Investments by 3.6% in the 3rd quarter. Allianz Asset Management GmbH now owns 352,205 shares of the real estate investment trust’s stock valued at $6,135,000 after buying an additional 12,205 shares in the last quarter. Finally, abrdn plc grew its holdings in Retail Opportunity Investments by 5.9% in the 4th quarter. abrdn plc now owns 25,545 shares of the real estate investment trust’s stock valued at $501,000 after buying an additional 1,413 shares in the last quarter. Institutional investors and hedge funds own 96.17% of the company’s stock.

Shares of Retail Opportunity Investments stock traded up $0.46 during trading on Friday, hitting $18.28. 1,014,645 shares of the company were exchanged, compared to its average volume of 1,194,930. The firm has a market capitalization of $2.27 billion, a P/E ratio of 38.85, a price-to-earnings-growth ratio of 2.39 and a beta of 1.37. Retail Opportunity Investments has a 1-year low of $16.47 and a 1-year high of $20.09. The firm’s fifty day moving average price is $18.70 and its 200 day moving average price is $18.63. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.58 and a quick ratio of 1.58.

Retail Opportunity Investments (NASDAQ:ROICGet Rating) last posted its earnings results on Monday, April 25th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.02. The company had revenue of $75.04 million during the quarter, compared to analyst estimates of $73.21 million. Retail Opportunity Investments had a return on equity of 4.26% and a net margin of 19.81%. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.24 EPS. As a group, equities research analysts anticipate that Retail Opportunity Investments will post 1.08 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 8th. Investors of record on Friday, June 17th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend is Thursday, June 16th. Retail Opportunity Investments’s dividend payout ratio (DPR) is presently 110.64%.

Retail Opportunity Investments Company Profile (Get Rating)

Retail Opportunity Investments Corp. (NASDAQ: ROIC), is a fully-integrated, self-managed real estate investment trust (REIT) that specializes in the acquisition, ownership and management of grocery-anchored shopping centers located in densely populated, metropolitan markets across the West Coast. As of September 30, 2020, ROIC owned 88 shopping centers encompassing approximately 10.1 million square feet.

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