Retail Opportunity Investments Corp. (NASDAQ:ROIC) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $22.64 and last traded at $22.63, with a volume of 638,546 shares traded. The stock had previously closed at $22.22.

A number of equities research analysts recently issued reports on ROIC shares. Canaccord Genuity reiterated 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. Royal Bank Of Canada started 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 for the company. FBR & Co reiterated 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. 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 target price for the company. Finally, 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 target price for the company. Four research 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 stock. The company currently has a consensus rating of “Buy” and a consensus target price of $21.28.

The firm has a market cap of $2.27 billion and a P/E ratio of 80.39. The stock’s 50-day moving average is $20.79 and its 200 day moving average is $19.41.

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 Zacks’ consensus estimate of $0.25 by $0.02. The business earned $56.10 million during 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 period in the previous year, the firm posted $0.23 EPS. On average, equities research analysts expect that Retail Opportunity Investments Corp. will post $1.05 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 29th. Stockholders of record on Wednesday, June 15th were given a $0.18 dividend. The ex-dividend date was Monday, June 13th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.19%.

Several large investors have made changes to their positions in ROIC. Vanguard Group Inc. boosted its stake in shares of Retail Opportunity Investments Corp. by 4.2% in the fourth quarter. Vanguard Group Inc. now owns 14,731,464 shares of the real estate investment trust’s stock worth $263,694,000 after buying an additional 600,182 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Retail Opportunity Investments Corp. by 4.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,248,232 shares of the real estate investment trust’s stock worth $22,344,000 after buying an additional 54,183 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of Retail Opportunity Investments Corp. by 4.0% in the fourth quarter. Jennison Associates LLC now owns 1,041,442 shares of the real estate investment trust’s stock worth $18,642,000 after buying an additional 39,968 shares during the last quarter. Jennison Associates boosted its stake in shares of Retail Opportunity Investments Corp. by 41.0% in the third quarter. Jennison Associates now owns 1,001,474 shares of the real estate investment trust’s stock worth $16,564,000 after buying an additional 290,972 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its stake in shares of Retail Opportunity Investments Corp. by 5.4% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 684,000 shares of the real estate investment trust’s stock worth $12,244,000 after buying an additional 35,000 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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