Retail Opportunity Investments Corp. (NASDAQ:ROIC) has been given a consensus rating of “Hold” by the ten analysts that are covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $23.50.
A number of equities analysts have commented on ROIC shares. Jefferies Group LLC reissued a “buy” rating and issued a $26.00 price target on shares of Retail Opportunity Investments Corp. in a research note on Friday, May 12th. Zacks Investment Research cut shares of Retail Opportunity Investments Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, May 2nd. Citigroup Inc. reissued a “neutral” rating and issued a $19.00 price target (down previously from $21.00) on shares of Retail Opportunity Investments Corp. in a research note on Monday, July 10th. Canaccord Genuity reissued a “buy” rating and issued a $26.00 price target on shares of Retail Opportunity Investments Corp. in a research note on Thursday, April 27th. Finally, TheStreet cut shares of Retail Opportunity Investments Corp. from a “b” rating to a “c+” rating in a research note on Friday, April 28th.
ILLEGAL ACTIVITY NOTICE: This piece of content was originally reported by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this piece of content on another domain, it was stolen and republished in violation of international trademark and copyright laws. The original version of this piece of content can be accessed at https://stocknewstimes.com/2017/08/02/retail-opportunity-investments-corp-nasdaqroic-given-consensus-recommendation-of-hold-by-analysts.html.
Several large investors have recently made changes to their positions in ROIC. Credit Agricole S A raised its stake in shares of Retail Opportunity Investments Corp. by 37.4% in the first quarter. Credit Agricole S A now owns 96,030 shares of the real estate investment trust’s stock worth $2,020,000 after buying an additional 26,153 shares during the last quarter. BlackRock Inc. raised its stake in shares of Retail Opportunity Investments Corp. by 8,069.6% in the first quarter. BlackRock Inc. now owns 16,967,429 shares of the real estate investment trust’s stock worth $356,825,000 after buying an additional 16,759,738 shares during the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of Retail Opportunity Investments Corp. by 1.1% in the first quarter. UBS Asset Management Americas Inc. now owns 251,703 shares of the real estate investment trust’s stock worth $5,293,000 after buying an additional 2,734 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Retail Opportunity Investments Corp. by 31.3% in the first quarter. Daiwa Securities Group Inc. now owns 8,400 shares of the real estate investment trust’s stock worth $177,000 after buying an additional 2,000 shares during the last quarter. Finally, Menta Capital LLC acquired a new stake in shares of Retail Opportunity Investments Corp. during the first quarter worth $797,000. Hedge funds and other institutional investors own 96.58% of the company’s stock.
Retail Opportunity Investments Corp. (NASDAQ:ROIC) traded down 1.61% during mid-day trading on Friday, hitting $20.19. 360,384 shares of the company traded hands. Retail Opportunity Investments Corp. has a one year low of $18.45 and a one year high of $22.98.
Retail Opportunity Investments Corp. (NASDAQ:ROIC) last released its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.28 by $0.01. Retail Opportunity Investments Corp. had a return on equity of 2.71% and a net margin of 13.92%. The company had revenue of $66.64 million during the quarter, compared to analysts’ expectations of $66.18 million. During the same period in the prior year, the firm earned $0.27 EPS. Retail Opportunity Investments Corp.’s quarterly revenue was up 13.6% on a year-over-year basis. Equities research analysts expect that Retail Opportunity Investments Corp. will post $0.37 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, September 14th will be issued a $0.188 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.66%. This is a positive change from Retail Opportunity Investments Corp.’s previous quarterly dividend of $0.19. The ex-dividend date is Wednesday, September 13th. Retail Opportunity Investments Corp.’s payout ratio is presently 227.28%.
About Retail Opportunity Investments Corp.
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 Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Retail Opportunity Investments Corp. and related companies with MarketBeat.com's FREE daily email newsletter.
