Retail Opportunity Investments Corp (NASDAQ:ROIC) has been assigned an average rating of “Hold” from the eleven analysts that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $21.58.
ROIC has been the topic of several research reports. Capital One Financial restated an “overweight” rating on shares of Retail Opportunity Investments in a research note on Monday, February 12th. BidaskClub upgraded Retail Opportunity Investments from a “strong sell” rating to a “sell” rating in a research note on Thursday, February 22nd. Citigroup dropped their price objective on Retail Opportunity Investments from $20.00 to $18.50 and set a “neutral” rating on the stock in a research note on Wednesday, February 28th. Zacks Investment Research cut Retail Opportunity Investments from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. Finally, Jefferies Group reiterated a “hold” rating and set a $18.00 price objective on shares of Retail Opportunity Investments in a research note on Tuesday, February 27th.
Shares of Retail Opportunity Investments (NASDAQ:ROIC) opened at $17.72 on Friday. The company has a market capitalization of $1,981.97, a P/E ratio of 15.47, a price-to-earnings-growth ratio of 2.48 and a beta of 0.63. The company has a debt-to-equity ratio of 1.12, a current ratio of 3.23 and a quick ratio of 3.23. Retail Opportunity Investments has a 12 month low of $16.21 and a 12 month high of $22.06.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be paid a dividend of $0.195 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 4.40%. This is a boost from Retail Opportunity Investments’s previous quarterly dividend of $0.19. Retail Opportunity Investments’s dividend payout ratio is currently 214.29%.
Several institutional investors have recently made changes to their positions in ROIC. FDx Advisors Inc. bought a new stake in shares of Retail Opportunity Investments during the 4th quarter worth approximately $221,000. Xact Kapitalforvaltning AB bought a new stake in shares of Retail Opportunity Investments during the 4th quarter worth approximately $227,000. Elkfork Partners LLC acquired a new position in shares of Retail Opportunity Investments during the 4th quarter worth approximately $254,000. Eaton Vance Management acquired a new position in shares of Retail Opportunity Investments during the 4th quarter worth approximately $267,000. Finally, Ramsey Quantitative Systems acquired a new position in shares of Retail Opportunity Investments during the 4th quarter worth approximately $269,000. Institutional investors own 99.48% of the company’s stock.
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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.
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