Analysts Set Retail Opportunity Investments Corp (NASDAQ:ROIC) PT at $18.00

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Shares of Retail Opportunity Investments Corp (NASDAQ:ROIC) have received an average recommendation of “Hold” from the five brokerages that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $18.00.

Several equities research analysts recently commented on the stock. BMO Capital Markets set a $18.00 price objective on shares of Retail Opportunity Investments and gave the stock a “hold” rating in a research note on Wednesday, July 24th. ValuEngine raised shares of Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research note on Tuesday, July 9th. DA Davidson reissued a “buy” rating on shares of Retail Opportunity Investments in a research note on Monday, July 29th. BidaskClub lowered shares of Retail Opportunity Investments from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Finally, Zacks Investment Research raised shares of Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research note on Wednesday, July 31st.

Shares of NASDAQ ROIC opened at $17.59 on Friday. Retail Opportunity Investments has a 1 year low of $15.44 and a 1 year high of $19.80. The company has a debt-to-equity ratio of 1.16, a current ratio of 4.36 and a quick ratio of 4.36. The company’s 50-day moving average is $17.85 and its 200 day moving average is $17.43. The stock has a market capitalization of $2.03 billion, a P/E ratio of 15.44, a P/E/G ratio of 3.62 and a beta of 0.71.

Retail Opportunity Investments (NASDAQ:ROIC) last announced its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.02). Retail Opportunity Investments had a net margin of 15.28% and a return on equity of 3.50%. The company had revenue of $72.93 million for the quarter, compared to analysts’ expectations of $73.49 million. During the same quarter in the prior year, the firm earned $0.27 EPS. Retail Opportunity Investments’s quarterly revenue was up .8% compared to the same quarter last year. Research analysts anticipate that Retail Opportunity Investments will post 1.13 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 12th will be paid a dividend of $0.197 per share. This represents a $0.79 annualized dividend and a yield of 4.48%. The ex-dividend date of this dividend is Wednesday, September 11th. Retail Opportunity Investments’s payout ratio is currently 69.30%.

A number of large investors have recently bought and sold shares of ROIC. Morgan Stanley boosted its stake in Retail Opportunity Investments by 208.5% during the second quarter. Morgan Stanley now owns 2,045,992 shares of the real estate investment trust’s stock worth $35,046,000 after acquiring an additional 1,382,694 shares in the last quarter. Centersquare Investment Management LLC boosted its stake in Retail Opportunity Investments by 118.5% during the second quarter. Centersquare Investment Management LLC now owns 2,478,300 shares of the real estate investment trust’s stock worth $42,453,000 after acquiring an additional 1,344,029 shares in the last quarter. Norges Bank bought a new stake in Retail Opportunity Investments during the fourth quarter worth about $20,652,000. Capital Growth Management LP boosted its stake in Retail Opportunity Investments by 125.7% during the second quarter. Capital Growth Management LP now owns 2,065,000 shares of the real estate investment trust’s stock worth $35,373,000 after acquiring an additional 1,150,000 shares in the last quarter. Finally, Carlson Capital L P bought a new stake in Retail Opportunity Investments during the second quarter worth about $17,796,000. 94.15% of the stock is currently owned by institutional investors and hedge funds.

About Retail Opportunity Investments

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 March 31, 2019, ROIC owned 90 shopping centers encompassing approximately 10.3 million square feet.

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