Shares of Retail Opportunity Investments Corp (NASDAQ:ROIC) have received an average rating of “Hold” from the twelve brokerages that are covering the company, Marketbeat.com reports. Two 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 twelve-month price objective among brokers that have issued a report on the stock in the last year is $20.93.
A number of equities research analysts recently issued reports on ROIC shares. Capital One Financial reissued an “overweight” rating on shares of Retail Opportunity Investments in a research report 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 decreased their price target on Retail Opportunity Investments from $20.00 to $18.50 and set a “neutral” rating for the company in a research note on Wednesday, February 28th. Jefferies Group restated a “hold” rating and issued a $18.00 price target on shares of Retail Opportunity Investments in a research note on Tuesday, February 27th. Finally, Zacks Investment Research downgraded Retail Opportunity Investments from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th.
A number of hedge funds have recently bought and sold shares of ROIC. American International Group Inc. grew its stake in Retail Opportunity Investments by 5.7% in the third quarter. American International Group Inc. now owns 85,958 shares of the real estate investment trust’s stock valued at $1,634,000 after purchasing an additional 4,654 shares in the last quarter. TD Asset Management Inc. boosted its stake in shares of Retail Opportunity Investments by 4.7% during the 3rd quarter. TD Asset Management Inc. now owns 62,800 shares of the real estate investment trust’s stock worth $1,194,000 after acquiring an additional 2,800 shares during the period. Legal & General Group Plc boosted its stake in shares of Retail Opportunity Investments by 6.8% during the 3rd quarter. Legal & General Group Plc now owns 482,149 shares of the real estate investment trust’s stock worth $9,167,000 after acquiring an additional 30,663 shares during the period. Virginia Retirement Systems ET AL boosted its stake in shares of Retail Opportunity Investments by 74.1% during the 3rd quarter. Virginia Retirement Systems ET AL now owns 88,100 shares of the real estate investment trust’s stock worth $1,675,000 after acquiring an additional 37,500 shares during the period. Finally, Schroder Investment Management Group boosted its stake in shares of Retail Opportunity Investments by 4.5% during the 3rd quarter. Schroder Investment Management Group now owns 1,254,914 shares of the real estate investment trust’s stock worth $23,881,000 after acquiring an additional 54,390 shares during the period. Hedge funds and other institutional investors own 99.28% of the company’s stock.
Shares of Retail Opportunity Investments stock opened at $17.32 on Wednesday. Retail Opportunity Investments has a 52-week low of $16.21 and a 52-week high of $22.06. The company has a market capitalization of $1,997.67, a P/E ratio of 15.57, a PEG ratio of 2.50 and a beta of 0.55. The company has a current ratio of 3.23, a quick ratio of 3.23 and a debt-to-equity ratio of 1.12.
Retail Opportunity Investments (NASDAQ:ROIC) last announced its earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.01. Retail Opportunity Investments had a return on equity of 2.95% and a net margin of 14.08%. The business had revenue of $72.75 million for the quarter, compared to analyst estimates of $71.07 million. During the same quarter last year, the firm earned $0.27 EPS. Retail Opportunity Investments’s revenue for the quarter was up 15.3% compared to the same quarter last year. research analysts forecast that Retail Opportunity Investments will post 1.19 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th were paid a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 4.50%. This is an increase from Retail Opportunity Investments’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Wednesday, March 14th. Retail Opportunity Investments’s dividend payout ratio (DPR) is currently 68.42%.
WARNING: “Brokerages Set Retail Opportunity Investments Corp (ROIC) PT at $20.93” was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this article on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark law. The correct version of this article can be read at https://www.dispatchtribunal.com/2018/04/07/brokerages-set-retail-opportunity-investments-corp-roic-pt-at-20-93.html.
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.
Receive News & Ratings for Retail Opportunity Investments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Retail Opportunity Investments and related companies with MarketBeat.com's FREE daily email newsletter.