Brokerages Set Retail Opportunity Investments Corp (ROIC) PT at $20.93

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.

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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%.

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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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