Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $22.14 and last traded at $22.11, with a volume of 314,410 shares. The stock had previously closed at $21.86.

Several equities analysts recently weighed in on ROIC shares. Canaccord Genuity restated a “buy” rating and set a $22.00 price target (up previously from $21.00) on shares of Retail Opportunity Investments Corp. in a research report on Tuesday, March 15th. DA Davidson started coverage on shares of Retail Opportunity Investments Corp. in a research report on Friday, April 1st. They set a “buy” rating and a $23.00 price target for the company. Zacks Investment Research upgraded shares of Retail Opportunity Investments Corp. from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research report on Tuesday, May 3rd. BMO Capital Markets restated a “buy” rating on shares of Retail Opportunity Investments Corp. in a research report on Saturday, April 30th. Finally, FBR & Co restated a “hold” rating on shares of Retail Opportunity Investments Corp. in a research report on Thursday, April 28th. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Retail Opportunity Investments Corp. currently has a consensus rating of “Buy” and a consensus target price of $21.28.

The firm has a 50-day moving average price of $20.66 and a 200 day moving average price of $19.36. The firm has a market capitalization of $2.21 billion and a PE ratio of 78.12.

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

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

Several hedge funds and institutional investors recently made changes to their positions in ROIC. Comerica Bank increased its position in shares of Retail Opportunity Investments Corp. by 0.9% in the fourth quarter. Comerica Bank now owns 104,212 shares of the real estate investment trust’s stock worth $1,808,000 after buying an additional 881 shares during the period. California State Teachers Retirement System increased its position in shares of 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. Advantus Capital Management Inc increased its position in shares of Retail Opportunity Investments Corp. by 5.2% in the fourth quarter. Advantus Capital Management Inc now owns 122,100 shares of the real estate investment trust’s stock worth $2,186,000 after buying an additional 6,000 shares during the period. Wells Fargo & Company MN increased its position in shares of Retail Opportunity Investments Corp. by 7.2% in the fourth quarter. Wells Fargo & Company MN now owns 91,132 shares of the real estate investment trust’s stock worth $1,631,000 after buying an additional 6,118 shares during the period. Finally, New York State Common Retirement Fund increased its position in shares of Retail Opportunity Investments Corp. by 8.0% in the fourth quarter. New York State Common Retirement Fund now owns 92,700 shares of the real estate investment trust’s stock worth $1,659,000 after buying an additional 6,900 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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