Retail Opportunity Investments Corp (NASDAQ:ROIC) has earned a consensus rating of “Hold” from the five ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $18.00.
Several equities research analysts have issued reports on the company. Zacks Investment Research lowered Retail Opportunity Investments from a “hold” rating to a “sell” rating in a research note on Wednesday. ValuEngine raised Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research note on Tuesday, July 9th. DA Davidson reissued a “buy” rating on shares of Retail Opportunity Investments in a research note on Monday, July 29th. BMO Capital Markets set a $18.00 target price on Retail Opportunity Investments and gave the company a “hold” rating in a research note on Wednesday, July 24th. Finally, BidaskClub raised Retail Opportunity Investments from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 4th.
Shares of ROIC stock opened at $18.44 on Monday. The company has a quick ratio of 4.36, a current ratio of 4.36 and a debt-to-equity ratio of 1.16. The business has a 50-day moving average price of $18.05 and a two-hundred day moving average price of $17.63. Retail Opportunity Investments has a 12-month low of $15.44 and a 12-month high of $18.65. The firm has a market cap of $2.08 billion, a P/E ratio of 16.17, a price-to-earnings-growth ratio of 3.71 and a beta of 0.70.
Retail Opportunity Investments (NASDAQ:ROIC) last issued its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.02). Retail Opportunity Investments had a return on equity of 3.50% and a net margin of 15.28%. The firm had revenue of $72.93 million for the quarter, compared to the consensus estimate of $73.49 million. During the same period last year, the firm earned $0.27 EPS. The company’s revenue for the quarter was up .8% on a year-over-year basis. As a group, research analysts expect that Retail Opportunity Investments will post 1.13 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were paid a $0.197 dividend. This represents a $0.79 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date was Wednesday, September 11th. Retail Opportunity Investments’s dividend payout ratio (DPR) is presently 69.30%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Municipal Employees Retirement System of Michigan lifted its stake in shares of Retail Opportunity Investments by 2.1% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 34,100 shares of the real estate investment trust’s stock valued at $584,000 after acquiring an additional 690 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in Retail Opportunity Investments by 1.8% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 44,946 shares of the real estate investment trust’s stock valued at $770,000 after purchasing an additional 800 shares during the last quarter. Aperio Group LLC raised its position in Retail Opportunity Investments by 7.6% during the 2nd quarter. Aperio Group LLC now owns 18,466 shares of the real estate investment trust’s stock valued at $316,000 after purchasing an additional 1,305 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Retail Opportunity Investments by 4.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,112 shares of the real estate investment trust’s stock valued at $516,000 after purchasing an additional 1,323 shares during the last quarter. Finally, Arizona State Retirement System raised its position in Retail Opportunity Investments by 0.8% during the 2nd quarter. Arizona State Retirement System now owns 177,322 shares of the real estate investment trust’s stock valued at $3,038,000 after purchasing an additional 1,485 shares during the last quarter. 95.58% of the stock is owned by institutional investors.
About Retail Opportunity Investments
Retail Opportunity Investments Corp. (NASDAQ: ROIC), is a fully-integrated, self-managed real estate investment trust (REIT) that specializes in the acquisition, ownership and management of grocery-anchored shopping centers located in densely-populated, metropolitan markets across the West Coast. As of March 31, 2019, ROIC owned 90 shopping centers encompassing approximately 10.3 million square feet.
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