Retail Opportunity Investments Corp. (NASDAQ:ROIC) traded up 1.6% during trading on Wednesday . The company traded as high as $22.69 and last traded at $22.65, with a volume of 616,971 shares changing hands. The stock had previously closed at $22.30.

A number of equities research analysts have commented on the company. Zacks Investment Research raised 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. Canaccord Genuity reissued a “buy” rating and set a $22.00 price target (up from $21.00) on shares of Retail Opportunity Investments Corp. in a report on Tuesday, March 15th. FBR & Co reissued a “hold” rating on shares of Retail Opportunity Investments Corp. in a report on Thursday, April 28th. BMO Capital Markets reissued a “buy” rating on shares of Retail Opportunity Investments Corp. in a report on Saturday, April 30th. Finally, JPMorgan Chase & Co. assumed coverage on Retail Opportunity Investments Corp. in a report on Thursday, April 21st. They issued a “neutral” rating and a $21.00 target price on the stock. 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 company’s stock. Retail Opportunity Investments Corp. has a consensus rating of “Buy” and a consensus target price of $21.28.

The company has a market capitalization of $2.27 billion and a P/E ratio of 80.57. The company has a 50-day moving average of $20.94 and a 200-day moving average of $19.49.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last posted its earnings results on Wednesday, April 27th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.02. The firm had revenue of $56.10 million for the quarter, compared to analysts’ expectations 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 company earned $0.23 earnings per share. Equities research analysts expect 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. Stockholders of record on Wednesday, June 15th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 3.17%. The ex-dividend date was Monday, June 13th.

Several large investors have recently bought and sold shares of ROIC. Jennison Associates raised its stake in 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 valued at $16,564,000 after buying an additional 290,972 shares during the last quarter. Nationwide Fund Advisors raised its stake in Retail Opportunity Investments Corp. by 83.7% in the fourth quarter. Nationwide Fund Advisors now owns 338,281 shares of the real estate investment trust’s stock valued at $6,055,000 after buying an additional 154,163 shares during the last quarter. California State Teachers Retirement System raised its stake 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. First Trust Advisors LP raised its stake in Retail Opportunity Investments Corp. by 298.7% in the fourth quarter. First Trust Advisors LP now owns 143,971 shares of the real estate investment trust’s stock valued at $2,577,000 after buying an additional 107,857 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in Retail Opportunity Investments Corp. by 5.3% in the fourth quarter. Rhumbline Advisers now owns 154,361 shares of the real estate investment trust’s stock valued at $2,763,000 after buying an additional 7,740 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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