KeyCorp restated their hold rating on shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) in a research report report published on Friday.

A number of other equities analysts have also recently commented on the stock. Jefferies Group LLC reissued a buy rating and issued a $25.00 price target on shares of Retail Opportunity Investments Corp. in a research note on Tuesday, July 25th. Zacks Investment Research upgraded shares of Retail Opportunity Investments Corp. from a hold rating to a buy rating and set a $21.00 price target for the company in a report on Wednesday, July 12th. Canaccord Genuity reiterated a buy rating and set a $26.00 price target on shares of Retail Opportunity Investments Corp. in a report on Thursday, April 27th. Robert W. Baird reiterated a buy rating and set a $22.00 price target on shares of Retail Opportunity Investments Corp. in a report on Thursday, August 24th. Finally, TheStreet lowered shares of Retail Opportunity Investments Corp. from a b rating to a c+ rating in a report on Friday, April 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. Retail Opportunity Investments Corp. currently has an average rating of Hold and an average target price of $22.71.

Shares of Retail Opportunity Investments Corp. (NASDAQ ROIC) opened at 19.87 on Friday. Retail Opportunity Investments Corp. has a 52-week low of $18.45 and a 52-week high of $22.98.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last issued its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.27 EPS for the quarter, missing the consensus estimate of $0.28 by $0.01. The firm had revenue of $66.64 million for the quarter, compared to analysts’ expectations of $66.18 million. Retail Opportunity Investments Corp. had a net margin of 13.92% and a return on equity of 2.71%. Retail Opportunity Investments Corp.’s revenue was up 13.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.27 EPS. On average, equities research analysts anticipate that Retail Opportunity Investments Corp. will post $0.33 EPS for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, September 14th will be given a dividend of $0.188 per share. The ex-dividend date is Wednesday, September 13th. This represents a $0.75 annualized dividend and a dividend yield of 3.78%. This is a boost from Retail Opportunity Investments Corp.’s previous quarterly dividend of $0.19. Retail Opportunity Investments Corp.’s dividend payout ratio (DPR) is presently 227.28%.

Large investors have recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System raised its position in Retail Opportunity Investments Corp. by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 44,500 shares of the real estate investment trust’s stock worth $936,000 after buying an additional 600 shares during the period. State of Alaska Department of Revenue raised its position in Retail Opportunity Investments Corp. by 9.1% in the first quarter. State of Alaska Department of Revenue now owns 24,640 shares of the real estate investment trust’s stock valued at $517,000 after buying an additional 2,060 shares during the last quarter. First Citizens Bank & Trust Co. purchased a new position in Retail Opportunity Investments Corp. during the first quarter valued at approximately $239,000. Wells Fargo & Company MN raised its position in Retail Opportunity Investments Corp. by 11.1% in the first quarter. Wells Fargo & Company MN now owns 221,135 shares of the real estate investment trust’s stock valued at $4,651,000 after buying an additional 22,019 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in Retail Opportunity Investments Corp. by 1.1% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 16,985 shares of the real estate investment trust’s stock valued at $357,000 after buying an additional 180 shares during the last quarter. Hedge funds and other institutional investors own 94.92% of the company’s stock.

Retail Opportunity Investments Corp. 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 Corp. (NASDAQ:ROIC)

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