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

A number of research firms recently weighed in on ROIC. BMO Capital Markets reissued a “buy” rating on shares of Retail Opportunity Investments Corp. in a report on Saturday, April 30th. Zacks Investment Research upgraded Retail Opportunity Investments Corp. from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research report on Tuesday, May 3rd. Royal Bank Of Canada began coverage on Retail Opportunity Investments Corp. in a research report on Tuesday, June 14th. They issued a “sector perform” rating and a $20.00 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, Canaccord Genuity restated a “buy” rating and issued a $22.00 price target on shares of Retail Opportunity Investments Corp. in a research report on Thursday, April 28th. 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 stock. The company has an average rating of “Buy” and a consensus target price of $21.50.

The firm’s 50 day moving average is $21.59 and its 200-day moving average is $19.82. The stock has a market capitalization of $2.25 billion and a PE ratio of 79.61.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last issued its quarterly 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. The firm had revenue of $56.10 million for the quarter, compared to analysts’ expectations of $52.83 million. During the same quarter in the previous year, the firm posted $0.23 earnings per share. The firm’s revenue for the quarter was up 24.3% compared to the same quarter last year. Analysts anticipate that Retail Opportunity Investments Corp. will post $1.05 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 29th. Shareholders of record on Wednesday, June 15th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend was Monday, June 13th.

A number of hedge funds recently modified their holdings of ROIC. State of Tennessee Treasury Department bought a new stake in shares of Retail Opportunity Investments Corp. during the fourth quarter valued at about $1,372,000. Employees Retirement System of Texas boosted its stake in shares of Retail Opportunity Investments Corp. by 43.9% in the fourth quarter. Employees Retirement System of Texas now owns 259,000 shares of the real estate investment trust’s stock valued at $4,636,000 after buying an additional 79,000 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 valued at $18,642,000 after buying an additional 39,968 shares during the last quarter. 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 valued at $12,244,000 after buying an additional 35,000 shares during the last quarter. Finally, Advantus Capital Management Inc boosted its stake in shares of 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 valued at $2,186,000 after buying an additional 6,000 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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