Retail Opportunity Investments Corp (NASDAQ:ROIC) has earned an average rating of “Hold” from the ten brokerages that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $22.17.
A number of research analysts recently commented on ROIC shares. FBR & Co set a $23.00 price objective on shares of Retail Opportunity Investments and gave the company a “hold” rating in a research report on Wednesday, October 11th. KeyCorp reaffirmed a “hold” rating on shares of Retail Opportunity Investments in a research report on Sunday, September 24th. Royal Bank of Canada reissued a “buy” rating and issued a $22.00 target price on shares of Retail Opportunity Investments in a research report on Monday, October 30th. Citigroup decreased their target price on shares of Retail Opportunity Investments from $20.50 to $20.00 and set a “neutral” rating for the company in a research report on Monday, October 30th. Finally, BidaskClub downgraded shares of Retail Opportunity Investments from a “hold” rating to a “sell” rating in a research report on Saturday, January 13th.
Shares of Retail Opportunity Investments (NASDAQ ROIC) traded up $0.23 on Friday, reaching $18.94. 805,000 shares of the company were exchanged, compared to its average volume of 783,992. Retail Opportunity Investments has a 52-week low of $17.87 and a 52-week high of $22.37. The stock has a market capitalization of $2,078.29, a P/E ratio of 55.71, a PEG ratio of 2.31 and a beta of 0.68. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.64 and a quick ratio of 1.64.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Thursday, December 14th were paid a $0.188 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date was Wednesday, December 13th. Retail Opportunity Investments’s payout ratio is 220.59%.
Several institutional investors have recently modified their holdings of the company. Riverhead Capital Management LLC raised its stake in Retail Opportunity Investments by 55.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 7,327 shares of the real estate investment trust’s stock valued at $141,000 after purchasing an additional 2,627 shares during the last quarter. Shelton Capital Management raised its stake in Retail Opportunity Investments by 5.6% during the 2nd quarter. Shelton Capital Management now owns 10,858 shares of the real estate investment trust’s stock valued at $208,000 after purchasing an additional 579 shares during the last quarter. Flinton Capital Management LLC raised its stake in Retail Opportunity Investments by 56.4% during the 2nd quarter. Flinton Capital Management LLC now owns 11,564 shares of the real estate investment trust’s stock valued at $222,000 after purchasing an additional 4,172 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in Retail Opportunity Investments during the 2nd quarter valued at $259,000. Finally, Pinebridge Investments L.P. raised its stake in Retail Opportunity Investments by 1.4% during the 2nd quarter. Pinebridge Investments L.P. now owns 14,458 shares of the real estate investment trust’s stock valued at $277,000 after purchasing an additional 201 shares during the last quarter. Institutional investors and hedge funds own 97.36% of the company’s stock.
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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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