Traders sold shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) on strength during trading on Thursday. $10.15 million flowed into the stock on the tick-up and $25.89 million flowed out of the stock on the tick-down, for a money net flow of $15.74 million out of the stock. Of all stocks tracked, Retail Opportunity Investments Corp. had the 0th highest net out-flow for the day. Retail Opportunity Investments Corp. traded up $0.07 for the day and closed at $22.10

Several research analysts recently issued reports on the company. Royal Bank Of Canada assumed coverage on Retail Opportunity Investments Corp. in a research report on Tuesday, June 14th. They set a “sector perform” rating and a $20.00 target price for the company. Zacks Investment Research lowered Retail Opportunity Investments Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, May 4th. BMO Capital Markets reaffirmed a “buy” rating on shares of Retail Opportunity Investments Corp. in a research report on Saturday, April 30th. FBR & Co reaffirmed a “hold” rating on shares of Retail Opportunity Investments Corp. in a research report on Thursday, April 28th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $22.00 target price on shares of Retail Opportunity Investments Corp. in a research report on Thursday, April 28th. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Retail Opportunity Investments Corp. presently has a consensus rating of “Buy” and an average target price of $21.28.

The stock has a market capitalization of $2.21 billion and a P/E ratio of 78.37. The company’s 50 day moving average is $20.72 and its 200 day moving average is $19.38.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last released its quarterly earnings results on Wednesday, April 27th. The real estate investment trust reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.02. During the same quarter in the previous year, the business posted $0.23 earnings per share. The business earned $56.10 million during the quarter, compared to the consensus estimate of $52.83 million. The firm’s revenue was up 24.3% on a year-over-year basis. Analysts anticipate that Retail Opportunity Investments Corp. will post $1.05 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 29th. Stockholders of record on Wednesday, June 15th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, June 13th. This represents a $0.72 annualized dividend and a dividend yield of 3.26%.

Other hedge funds have recently made changes to their positions in the company. Loeb Partners Corp increased its stake in shares of Retail Opportunity Investments Corp. by 179.7% in the fourth quarter. Loeb Partners Corp now owns 60,700 shares of the real estate investment trust’s stock valued at $1,086,000 after buying an additional 39,000 shares during the last quarter. Private Advisor Group LLC increased its stake in shares of Retail Opportunity Investments Corp. by 49.9% in the fourth quarter. Private Advisor Group LLC now owns 60,702 shares of the real estate investment trust’s stock valued at $1,087,000 after buying an additional 20,208 shares during the last quarter. Wells Fargo & Company MN increased its stake 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 valued at $1,631,000 after buying an additional 6,118 shares during the last quarter. New York State Common Retirement Fund increased its stake 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 valued at $1,659,000 after buying an additional 6,900 shares during the last quarter. Finally, GSA Capital Partners LLP increased its stake in shares of Retail Opportunity Investments Corp. by 737.0% in the fourth quarter. GSA Capital Partners LLP now owns 96,846 shares of the real estate investment trust’s stock valued at $1,734,000 after buying an additional 85,276 shares during the last quarter.

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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