Retail Opportunity Investments Corp (NASDAQ:ROIC) has been given an average rating of “Hold” by the eleven ratings firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $21.58.
A number of equities analysts recently commented on ROIC shares. Capital One Financial reiterated an “overweight” rating on shares of Retail Opportunity Investments in a research report on Monday, February 12th. BidaskClub upgraded shares of Retail Opportunity Investments from a “strong sell” rating to a “sell” rating in a research report on Thursday, February 22nd. Citigroup decreased their target price on shares of Retail Opportunity Investments from $20.00 to $18.50 and set a “neutral” rating on the stock in a research report on Wednesday, February 28th. Zacks Investment Research cut shares of Retail Opportunity Investments from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Finally, Jefferies Group reiterated a “hold” rating and issued a $18.00 target price on shares of Retail Opportunity Investments in a research report on Tuesday, February 27th.
Several hedge funds have recently added to or reduced their stakes in ROIC. Crossmark Global Holdings Inc. purchased a new position in shares of Retail Opportunity Investments in the third quarter valued at about $447,000. Stevens Capital Management LP purchased a new position in shares of Retail Opportunity Investments in the third quarter valued at about $478,000. Advantus Capital Management Inc increased its position in shares of Retail Opportunity Investments by 1.9% in the third quarter. Advantus Capital Management Inc now owns 221,100 shares of the real estate investment trust’s stock valued at $4,203,000 after acquiring an additional 4,100 shares during the period. Jennison Associates LLC increased its position in shares of Retail Opportunity Investments by 4.7% in the third quarter. Jennison Associates LLC now owns 1,341,603 shares of the real estate investment trust’s stock valued at $25,504,000 after acquiring an additional 60,261 shares during the period. Finally, BNP Paribas Arbitrage SA increased its position in shares of Retail Opportunity Investments by 31.6% in the third quarter. BNP Paribas Arbitrage SA now owns 93,256 shares of the real estate investment trust’s stock valued at $1,773,000 after acquiring an additional 22,392 shares during the period. Hedge funds and other institutional investors own 99.48% of the company’s stock.
Retail Opportunity Investments (NASDAQ:ROIC) traded down $0.21 during midday trading on Friday, hitting $17.52. 1,020,815 shares of the stock were exchanged, compared to its average volume of 1,213,000. Retail Opportunity Investments has a 52 week low of $16.21 and a 52 week high of $22.06. The company has a debt-to-equity ratio of 1.12, a current ratio of 3.23 and a quick ratio of 3.23. The company has a market cap of $2,013.45, a P/E ratio of 50.66, a P/E/G ratio of 2.52 and a beta of 0.63.
Retail Opportunity Investments (NASDAQ:ROIC) last posted its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. The company had revenue of $72.75 million during the quarter, compared to the consensus estimate of $71.07 million. Retail Opportunity Investments had a net margin of 14.08% and a return on equity of 2.95%. The firm’s revenue was up 15.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.27 EPS. sell-side analysts predict that Retail Opportunity Investments will post 1.19 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be given a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 4.45%. The ex-dividend date of this dividend is Wednesday, March 14th. This is a boost from Retail Opportunity Investments’s previous quarterly dividend of $0.19. Retail Opportunity Investments’s dividend payout ratio (DPR) is presently 214.29%.
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.
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