Shares of Retail Opportunity Investments Corp (NASDAQ:ROIC) have received a consensus rating of “Hold” from the twelve research firms that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $20.93.
A number of brokerages have commented on ROIC. Zacks Investment Research lowered Retail Opportunity Investments from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Jefferies Group reiterated a “hold” rating and issued a $18.00 price objective on shares of Retail Opportunity Investments in a research report on Tuesday, February 27th. Capital One Financial reissued an “overweight” rating on shares of Retail Opportunity Investments in a research note on Monday, February 12th. Citigroup cut their price target 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. Finally, BidaskClub downgraded Retail Opportunity Investments from a “hold” rating to a “sell” rating in a research note on Tuesday, March 13th.
Shares of ROIC opened at $17.32 on Wednesday. The firm has a market capitalization of $1,949.28, a price-to-earnings ratio of 15.19, a PEG ratio of 2.44 and a beta of 0.55. The company has a debt-to-equity ratio of 1.12, a quick ratio of 3.23 and a current ratio of 3.23. Retail Opportunity Investments has a 52 week low of $16.21 and a 52 week high of $22.06.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th were paid a $0.195 dividend. The ex-dividend date was Wednesday, March 14th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 4.50%. This is an increase from Retail Opportunity Investments’s previous quarterly dividend of $0.19. Retail Opportunity Investments’s dividend payout ratio is 68.42%.
Hedge funds have recently bought and sold shares of the company. FDx Advisors Inc. acquired a new position in shares of Retail Opportunity Investments in the 4th quarter valued at $221,000. Xact Kapitalforvaltning AB acquired a new position in shares of Retail Opportunity Investments in the 4th quarter valued at $227,000. Elkfork Partners LLC acquired a new position in shares of Retail Opportunity Investments in the 4th quarter valued at $254,000. Eaton Vance Management acquired a new position in shares of Retail Opportunity Investments in the 4th quarter valued at $267,000. Finally, Ramsey Quantitative Systems acquired a new position in shares of Retail Opportunity Investments in the 4th quarter valued at $269,000. 99.18% of the stock is currently owned by institutional investors.
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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.
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