Traders sold shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) on strength during trading hours 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 companies 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

A number of research firms recently weighed in on ROIC. Royal Bank Of Canada began coverage on Retail Opportunity Investments Corp. in a report on Tuesday, June 14th. They issued a “sector perform” rating and a $20.00 price target on the stock. Zacks Investment Research upgraded Retail Opportunity Investments Corp. from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Tuesday, May 3rd. DA Davidson began coverage on Retail Opportunity Investments Corp. in a report on Friday, April 1st. They issued a “buy” rating and a $23.00 price target on the stock. FBR & Co restated a “hold” rating on shares of Retail Opportunity Investments Corp. in a report on Thursday, April 28th. Finally, BMO Capital Markets restated a “buy” rating on shares of Retail Opportunity Investments Corp. in a report on Saturday, April 30th. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $21.28.

The firm has a market cap of $2.22 billion and a P/E ratio of 78.79. The firm’s 50 day moving average price is $20.79 and its 200-day moving average price is $19.41.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last released its earnings results on Wednesday, April 27th. The real estate investment trust reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.02. The firm had revenue of $56.10 million for the quarter, compared to analyst estimates of $52.83 million. During the same period in the prior year, the firm earned $0.23 EPS. The firm’s revenue was up 24.3% on a year-over-year basis. Equities analysts forecast that Retail Opportunity Investments Corp. will post $1.05 EPS for the current year.

The company 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. This represents a $0.72 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend was Monday, June 13th.

A number of hedge funds and institutional investors have recently added to or reduced their stakes in ROIC. Loeb Partners Corp raised its position in 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 worth $1,086,000 after buying an additional 39,000 shares in the last quarter. Private Advisor Group LLC increased its position in 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 position in 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 position in 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 position in 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.