Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) reached a new 52-week high during trading on Monday . The company traded as high as $22.88 and last traded at $22.70, with a volume of 235,602 shares traded. The stock had previously closed at $22.68.

A number of analysts have recently commented on the stock. BMO Capital Markets reissued a “buy” rating on shares of Retail Opportunity Investments Corp. in a research note on Saturday, April 30th. Zacks Investment Research raised shares of Retail Opportunity Investments Corp. from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Tuesday, May 3rd. Canaccord Genuity reissued a “buy” rating and set a $22.00 target price on shares of Retail Opportunity Investments Corp. in a research note on Thursday, April 28th. Royal Bank Of Canada assumed coverage on shares of Retail Opportunity Investments Corp. in a research note on Tuesday, June 14th. They set a “sector perform” rating and a $20.00 target price for the company. Finally, DA Davidson assumed coverage on shares of Retail Opportunity Investments Corp. in a research note on Friday, April 1st. They set a “buy” rating and a $23.00 price objective for the company. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $21.50.

The stock’s 50 day moving average is $21.46 and its 200 day moving average is $19.72. The firm has a market capitalization of $2.27 billion and a P/E ratio of 80.53.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last released its earnings results on Wednesday, April 27th. The real estate investment trust reported $0.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.02. During the same quarter last year, the business posted $0.23 EPS. The firm earned $56.10 million during the quarter, compared to analyst estimates of $52.83 million. The firm’s revenue was up 24.3% on a year-over-year basis. Equities analysts expect that Retail Opportunity Investments Corp. will post $1.05 earnings per share 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 $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 3.17%. The ex-dividend date of this dividend was Monday, June 13th.

Other hedge funds recently made changes to their positions in the company. Private Advisor Group LLC boosted its stake in shares of 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 period. State of Tennessee Treasury Department bought a new stake in shares of Retail Opportunity Investments Corp. during the fourth quarter valued at approximately $1,372,000. New York State Common Retirement Fund boosted its stake in shares of 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 period. GSA Capital Partners LLP boosted its stake in shares of 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 period. Finally, Comerica Bank boosted its stake in shares of 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 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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