Retail Opportunity Investments Corp. (NASDAQ:ROIC)’s share price dropped 0.2% on Friday . The company traded as low as $22.03 and last traded at $22.06, with a volume of 918,092 shares traded. The stock had previously closed at $22.10.

ROIC has been the topic of a number of research reports. DA Davidson assumed coverage on shares of Retail Opportunity Investments Corp. in a research note on Friday, April 1st. They issued a “buy” rating and a $23.00 price target on the stock. Canaccord Genuity reissued a “buy” rating and set a $22.00 target price (up from $21.00) on shares of Retail Opportunity Investments Corp. in a research report on Tuesday, March 15th. JPMorgan Chase & Co. assumed coverage on shares of Retail Opportunity Investments Corp. in a research report on Thursday, April 21st. They set a “neutral” rating and a $21.00 target price on the stock. FBR & Co reissued a “market perform” rating and set a $20.00 target price on shares of Retail Opportunity Investments Corp. in a research report on Wednesday, March 16th. Finally, Royal Bank Of Canada assumed coverage on shares of Retail Opportunity Investments Corp. in a research report on Tuesday, June 14th. They set a “sector perform” rating and a $20.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $21.28.

The firm has a 50 day moving average of $20.72 and a 200-day moving average of $19.38. The stock has a market capitalization of $2.22 billion and a P/E ratio of 78.79.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last announced its earnings results on Wednesday, April 27th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.02. During the same quarter in the previous year, the firm earned $0.23 earnings per share. The company had revenue of $56.10 million for 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. On average, equities analysts anticipate that Retail Opportunity Investments Corp. will post $1.05 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 29th. Shareholders 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 yield of 3.24%.

A number of large investors recently made changes to their positions in ROIC. Loeb Partners Corp raised 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 raised 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 raised 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 raised 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 raised 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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