BidaskClub lowered shares of Retail Opportunity Investments (NASDAQ:ROIC) from a hold rating to a sell rating in a report published on Wednesday.

A number of other research analysts also recently commented on ROIC. ValuEngine downgraded shares of Retail Opportunity Investments from a hold rating to a sell rating in a report on Monday, July 16th. Capital One Financial downgraded shares of Retail Opportunity Investments from an overweight rating to an equal weight rating in a report on Thursday, July 26th. Wells Fargo & Co increased their price target on shares of Retail Opportunity Investments from $16.50 to $18.00 and gave the company a market perform rating in a report on Tuesday, July 31st. Zacks Investment Research raised shares of Retail Opportunity Investments from a sell rating to a hold rating in a report on Thursday, August 16th. Finally, BMO Capital Markets initiated coverage on shares of Retail Opportunity Investments in a report on Tuesday, September 18th. They issued a hold rating and a $20.00 price target for the company. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $18.75.

Shares of NASDAQ:ROIC opened at $17.93 on Wednesday. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.10. Retail Opportunity Investments has a 12 month low of $16.17 and a 12 month high of $20.14. The stock has a market capitalization of $2.04 billion, a P/E ratio of 15.58, a price-to-earnings-growth ratio of 2.79 and a beta of 0.55.

Retail Opportunity Investments (NASDAQ:ROIC) last announced its quarterly earnings results on Tuesday, October 23rd. The real estate investment trust reported $0.07 EPS for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.22). Retail Opportunity Investments had a net margin of 14.69% and a return on equity of 3.26%. The business had revenue of $73.90 million during the quarter, compared to the consensus estimate of $73.15 million. During the same period in the previous year, the business posted $0.29 EPS. The firm’s revenue was up 8.7% on a year-over-year basis. On average, sell-side analysts forecast that Retail Opportunity Investments will post 1.14 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 14th will be given a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date of this dividend is Thursday, December 13th. Retail Opportunity Investments’s dividend payout ratio (DPR) is currently 68.42%.

A number of institutional investors have recently bought and sold shares of ROIC. Xact Kapitalforvaltning AB raised its stake in Retail Opportunity Investments by 81.6% during the first quarter. Xact Kapitalforvaltning AB now owns 20,697 shares of the real estate investment trust’s stock worth $366,000 after acquiring an additional 9,300 shares in the last quarter. Principal Financial Group Inc. raised its stake in Retail Opportunity Investments by 4.9% during the first quarter. Principal Financial Group Inc. now owns 873,099 shares of the real estate investment trust’s stock worth $15,428,000 after acquiring an additional 40,486 shares in the last quarter. Brown Advisory Inc. acquired a new position in Retail Opportunity Investments during the first quarter worth $188,000. State of Alaska Department of Revenue raised its stake in Retail Opportunity Investments by 6.4% during the second quarter. State of Alaska Department of Revenue now owns 50,600 shares of the real estate investment trust’s stock worth $968,000 after acquiring an additional 3,029 shares in the last quarter. Finally, Raymond James Trust N.A. acquired a new position in Retail Opportunity Investments during the second quarter worth $195,000.

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 June 30, 2018, ROIC owned 92 shopping centers encompassing approximately 10.6 million square feet.

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Analyst Recommendations for Retail Opportunity Investments (NASDAQ:ROIC)

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