Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) saw unusually-strong trading volume on Wednesday . Approximately 922,511 shares traded hands during mid-day trading, an increase of 9% from the previous session’s volume of 846,728 shares.The stock last traded at $22.12 and had previously closed at $22.09.

A number of research analysts recently weighed in on ROIC shares. DA Davidson started coverage on Retail Opportunity Investments Corp. in a research note on Friday, April 1st. They issued a “buy” rating and a $23.00 price objective on the stock. Canaccord Genuity reissued a “buy” rating and issued a $21.00 price objective on shares of Retail Opportunity Investments Corp. in a research note on Wednesday, March 9th. JPMorgan Chase & Co. started coverage on Retail Opportunity Investments Corp. in a research note on Thursday, April 21st. They issued a “neutral” rating and a $21.00 price objective on the stock. FBR & Co reissued a “market perform” rating and issued a $20.00 price objective on shares of Retail Opportunity Investments Corp. in a research note on Wednesday, March 16th. Finally, Royal Bank Of Canada started coverage on Retail Opportunity Investments Corp. in a research note on Tuesday, June 14th. They issued a “sector perform” rating and a $20.00 price objective on the stock. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $21.28.

The stock’s 50 day moving average is $20.66 and its 200-day moving average is $19.36. The firm has a market cap of $2.21 billion and a PE ratio of 78.12.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last posted its quarterly earnings results on Wednesday, April 27th. The real estate investment trust reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. During the same period last year, the firm posted $0.23 EPS. The company earned $56.10 million during the quarter, compared to the consensus estimate of $52.83 million. The company’s revenue for the quarter was up 24.3% compared to the same quarter last year. Equities research analysts forecast that Retail Opportunity Investments Corp. will post $1.05 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 29th. Investors of record on Wednesday, June 15th were issued a $0.18 dividend. The ex-dividend date was Monday, June 13th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.27%.

Other large investors recently bought and sold shares of the company. Jennison Associates boosted its stake in Retail Opportunity Investments Corp. by 41.0% in the third quarter. Jennison Associates now owns 1,001,474 shares of the real estate investment trust’s stock worth $16,564,000 after buying an additional 290,972 shares during the period. Janus Capital Management bought a new stake in Retail Opportunity Investments Corp. during the third quarter worth approximately $2,194,000. Nationwide Fund Advisors boosted its stake in Retail Opportunity Investments Corp. by 83.7% in the fourth quarter. Nationwide Fund Advisors now owns 338,281 shares of the real estate investment trust’s stock worth $6,055,000 after buying an additional 154,163 shares during the period. California State Teachers Retirement System boosted its stake in Retail Opportunity Investments Corp. by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 184,361 shares of the real estate investment trust’s stock worth $3,300,000 after buying an additional 2,942 shares during the period. Finally, First Trust Advisors LP boosted its stake in Retail Opportunity Investments Corp. by 298.7% in the fourth quarter. First Trust Advisors LP now owns 143,971 shares of the real estate investment trust’s stock worth $2,577,000 after buying an additional 107,857 shares during the period.

Retail Opportunity Investments Corp. is an integrated, self-managed real estate investment trust (REIT). The Company’s primary business is the ownership, management and redevelopment of retail real estate properties. 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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