Retail Opportunity Investments Corp. (NASDAQ:ROIC) shares 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 research analysts have recently commented on the stock. Zacks Investment Research lowered shares of Retail Opportunity Investments Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday. Royal Bank Of Canada assumed 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 price target for the company. DA Davidson assumed 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 for the company. FBR & Co restated a “hold” rating on shares of Retail Opportunity Investments Corp. in a research report on Thursday, April 28th. Finally, BMO Capital Markets restated a “buy” rating on shares of Retail Opportunity Investments Corp. in a research report on Saturday, April 30th. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Retail Opportunity Investments Corp. has an average rating of “Buy” and a consensus price target of $21.28.

The stock has a 50 day moving average price of $21.09 and a 200-day moving average price of $19.53. The company has a market capitalization of $2.25 billion and a P/E ratio of 79.86.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last released its quarterly earnings results on Wednesday, April 27th. The real estate investment trust reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.02. During the same quarter in the previous year, the business posted $0.23 earnings per share. The business earned $56.10 million during the quarter, compared to the consensus estimate of $52.83 million. The firm’s revenue was up 24.3% on a year-over-year basis. On average, analysts predict that Retail Opportunity Investments Corp. will post $1.05 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 29th. Shareholders of record on Wednesday, June 15th were given 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 3.20%.

A number of hedge funds and institutional investors have added to or reduced their stakes in the company. Loeb Partners Corp increased 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 valued at $1,086,000 after buying an additional 39,000 shares during 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. 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. 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. Finally, 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.

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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