Jefferies Group LLC Reaffirms “Buy” Rating for Retail Opportunity Investments Corp. (ROIC)

Jefferies Group LLC reissued their buy rating on shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) in a research note released on Wednesday. Jefferies Group LLC currently has a $26.00 price target on the real estate investment trust’s stock.

ROIC has been the topic of a number of other reports. Canaccord Genuity restated 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. Zacks Investment Research upgraded shares of Retail Opportunity Investments Corp. from a sell rating to a hold rating in a research note on Thursday, March 2nd. TheStreet cut shares of Retail Opportunity Investments Corp. from a b rating to a c+ rating in a research note on Friday, April 28th. FBR & Co reiterated a hold rating on shares of Retail Opportunity Investments Corp. in a research note on Wednesday, February 22nd. Finally, Citigroup Inc. reiterated a neutral rating and issued a $21.00 target price (down from $22.00) on shares of Retail Opportunity Investments Corp. in a research note on Tuesday, June 6th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $24.17.

Analyst Recommendations for Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Retail Opportunity Investments Corp. (ROIC) opened at 19.15 on Wednesday. Retail Opportunity Investments Corp. has a 12 month low of $18.45 and a 12 month high of $23.05. The firm has a market capitalization of $2.10 billion, a PE ratio of 59.10 and a beta of 0.66. The stock’s 50 day moving average price is $20.09 and its 200 day moving average price is $20.82.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last announced its quarterly earnings results on Wednesday, April 26th. The real estate investment trust reported $0.28 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.01. The company had revenue of $65.90 million for the quarter, compared to analysts’ expectations of $62.86 million. Retail Opportunity Investments Corp. had a net margin of 14.13% and a return on equity of 2.71%. Retail Opportunity Investments Corp.’s revenue was up 17.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.27 EPS. Equities research analysts expect that Retail Opportunity Investments Corp. will post $0.35 earnings per share for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Thursday, June 29th. Shareholders of record on Thursday, June 15th will be paid a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 3.92%. The ex-dividend date of this dividend is Tuesday, June 13th. Retail Opportunity Investments Corp.’s dividend payout ratio is presently 174.42%.

A number of hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its stake in Retail Opportunity Investments Corp. by 53.3% in the first quarter. Goldman Sachs Group Inc. now owns 824,852 shares of the real estate investment trust’s stock valued at $17,347,000 after buying an additional 286,801 shares in the last quarter. Shelton Capital Management purchased a new stake in Retail Opportunity Investments Corp. during the first quarter valued at about $216,000. State Street Corp boosted its stake in Retail Opportunity Investments Corp. by 5.5% in the first quarter. State Street Corp now owns 4,089,895 shares of the real estate investment trust’s stock valued at $86,009,000 after buying an additional 212,213 shares in the last quarter. Bank of America Corp DE boosted its stake in Retail Opportunity Investments Corp. by 13.9% in the first quarter. Bank of America Corp DE now owns 804,731 shares of the real estate investment trust’s stock valued at $16,923,000 after buying an additional 98,081 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in Retail Opportunity Investments Corp. by 9.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 958,803 shares of the real estate investment trust’s stock valued at $20,164,000 after buying an additional 80,452 shares in the last quarter. Institutional investors and hedge funds own 96.29% of the company’s stock.

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.

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