Retail Opportunity Investments Corp. (NASDAQ:ROIC) shares reached 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.

ROIC has been the subject of a number of research reports. Canaccord Genuity reiterated a “buy” rating and set a $22.00 price objective (up from $21.00) on shares of Retail Opportunity Investments Corp. in a report on Tuesday, March 15th. FBR & Co reiterated a “market perform” rating and set a $20.00 price objective on shares of Retail Opportunity Investments Corp. in a report on Wednesday, March 16th. DA Davidson initiated coverage on Retail Opportunity Investments Corp. in a report on Friday, April 1st. They set a “buy” rating and a $23.00 price objective for the company. Zacks Investment Research downgraded Retail Opportunity Investments Corp. from a “buy” rating to a “hold” rating in a report on Thursday, April 21st. Finally, JPMorgan Chase & Co. initiated coverage on Retail Opportunity Investments Corp. in a report on Thursday, April 21st. They set a “neutral” rating and a $21.00 price objective for the company. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $21.28.

The firm has a market capitalization of $2.23 billion and a P/E ratio of 79.08. The stock’s 50 day moving average price is $20.94 and its 200-day moving average price is $19.49.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last announced its quarterly earnings data on Wednesday, April 27th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. The business earned $56.10 million during the quarter, compared to analyst estimates of $52.83 million. The firm’s revenue for the quarter was up 24.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.23 earnings per share. Equities analysts anticipate that Retail Opportunity Investments Corp. will post $1.05 EPS for the current year.

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

A number of hedge funds and institutional investors have recently bought and sold shares of ROIC. Dimensional Fund Advisors LP increased its position in 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 period. Jennison Associates LLC increased its position in 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 period. State of New Jersey Common Pension Fund D increased its position in 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 period. 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 worth $2,186,000 after buying an additional 6,000 shares during the period. Finally, Principal Financial Group Inc. increased its position in Retail Opportunity Investments Corp. by 5.3% in the fourth quarter. Principal Financial Group Inc. now owns 676,936 shares of the real estate investment trust’s stock worth $12,117,000 after buying an additional 34,115 shares during the period.

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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