Retail Opportunity Investments Corp (ROIC) Receives Consensus Rating of “Hold” from Analysts

Shares of Retail Opportunity Investments Corp (NASDAQ:ROIC) have received an average recommendation of “Hold” from the ten analysts that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $22.17.

A number of brokerages recently issued reports on ROIC. Zacks Investment Research lowered shares of Retail Opportunity Investments from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. KeyCorp reaffirmed a “neutral” rating on shares of Retail Opportunity Investments in a research report on Tuesday, October 24th. Jefferies Group set a $20.00 target price on shares of Retail Opportunity Investments and gave the stock a “hold” rating in a research report on Tuesday, October 31st. BidaskClub lowered shares of Retail Opportunity Investments from a “hold” rating to a “sell” rating in a research report on Saturday, January 13th. Finally, Citigroup dropped their target price on shares of Retail Opportunity Investments from $20.50 to $20.00 and set a “neutral” rating on the stock in a research report on Monday, October 30th.

Shares of Retail Opportunity Investments (NASDAQ ROIC) traded up $0.23 during mid-day trading on Friday, reaching $18.94. 805,064 shares of the company were exchanged, compared to its average volume of 783,992. Retail Opportunity Investments has a fifty-two week low of $17.87 and a fifty-two week high of $22.37. The company has a market capitalization of $2,050.00, a price-to-earnings ratio of 61.10, a P/E/G ratio of 2.30 and a beta of 0.68. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.64 and a quick ratio of 1.64.

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

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Thursday, December 14th were issued a $0.188 dividend. This represents a $0.75 annualized dividend and a yield of 3.97%. The ex-dividend date of this dividend was Wednesday, December 13th. Retail Opportunity Investments’s dividend payout ratio (DPR) is presently 241.94%.

A number of institutional investors have recently made changes to their positions in ROIC. Schwab Charles Investment Management Inc. increased its holdings in Retail Opportunity Investments by 6.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,021,941 shares of the real estate investment trust’s stock valued at $19,612,000 after buying an additional 63,138 shares during the period. Wells Fargo & Company MN increased its holdings in Retail Opportunity Investments by 120.5% in the 2nd quarter. Wells Fargo & Company MN now owns 487,599 shares of the real estate investment trust’s stock valued at $9,357,000 after buying an additional 266,464 shares during the period. Alliancebernstein L.P. increased its holdings in Retail Opportunity Investments by 22.9% in the 2nd quarter. Alliancebernstein L.P. now owns 904,525 shares of the real estate investment trust’s stock valued at $17,358,000 after buying an additional 168,286 shares during the period. Riverhead Capital Management LLC increased its holdings in Retail Opportunity Investments by 55.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 7,327 shares of the real estate investment trust’s stock valued at $141,000 after buying an additional 2,627 shares during the period. Finally, Nationwide Fund Advisors increased its holdings in Retail Opportunity Investments by 17.5% in the 2nd quarter. Nationwide Fund Advisors now owns 178,590 shares of the real estate investment trust’s stock valued at $3,427,000 after buying an additional 26,630 shares during the period. 97.38% of the stock is currently owned by hedge funds and other institutional investors.

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Retail Opportunity Investments 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 (NASDAQ:ROIC)

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