Retail Opportunity Investments Corp. (NASDAQ:ROIC)’s share price was down 0.2% during trading on Friday . The stock 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.

Several equities analysts have recently commented on ROIC shares. Canaccord Genuity reaffirmed 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. FBR & Co started coverage on shares of Retail Opportunity Investments Corp. in a research report on Thursday, March 17th. They set a “mkt perform” rating and a $20.00 price target on the stock. JPMorgan Chase & Co. started 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 price target on the stock. DA Davidson initiated 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 on the stock. Finally, Zacks Investment Research cut shares of Retail Opportunity Investments Corp. from a “buy” rating to a “hold” rating in a report on Thursday, April 21st. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Retail Opportunity Investments Corp. has an average rating of “Buy” and an average target price of $21.28.

The firm’s 50 day moving average price is $20.79 and its 200-day moving average price is $19.41. The firm has a market cap 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 EPS for the quarter, topping the consensus estimate of $0.25 by $0.02. The firm earned $56.10 million during the quarter, compared to the consensus estimate of $52.83 million. The business’s revenue was up 24.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.23 EPS. 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. Investors of record on Wednesday, June 15th were issued a $0.18 dividend. The ex-dividend date of this dividend was Monday, June 13th. This represents a $0.72 annualized dividend and a yield of 3.24%.

Other hedge funds and institutional investors recently bought and sold shares of the company. Comerica Bank increased its position in 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 valued at $1,808,000 after buying an additional 881 shares during the last quarter. California State Teachers Retirement System increased its position 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 valued at $3,300,000 after buying an additional 2,942 shares during the last quarter. Advantus Capital Management Inc increased its position in 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 valued at $2,186,000 after buying an additional 6,000 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. Finally, 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.

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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