A number of firms have modified their ratings and price targets on shares of Retail Opportunity Investments (NASDAQ: ROIC) recently:

  • 11/15/2018 – Retail Opportunity Investments was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Retail Opportunity Investments Corp. is a corporation that intends to qualify as a REIT for U.S. federal incoming tax purposes and that expects to invest in, acquire, own, lease, reposition and manage a diverse portfolio of necessity-based retail properties. This includes primarily, well located community and neighborhood shopping centers, anchored by national or regional supermarkets and drugstores. The company may also acquire other retail properties, including power centers, regional malls lifestyle centers and single-tenant retail locations that are leased to national, regional and local tenants. In addition, the Company may supplement its direct purchases of retail properties with first mortgages or second mortgages, mezzanine loans, bridge or other loans or debt investments related to retail properties, in each case provided that the underlying real estate meets the Company’s criteria for direct investment. “
  • 11/15/2018 – Retail Opportunity Investments was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 11/7/2018 – Retail Opportunity Investments was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 10/30/2018 – Retail Opportunity Investments was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 9/30/2018 – Retail Opportunity Investments was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 9/24/2018 – Retail Opportunity Investments was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 9/22/2018 – Retail Opportunity Investments was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Retail Opportunity Investments Corp. is a corporation that intends to qualify as a REIT for U.S. federal incoming tax purposes and that expects to invest in, acquire, own, lease, reposition and manage a diverse portfolio of necessity-based retail properties. This includes primarily, well located community and neighborhood shopping centers, anchored by national or regional supermarkets and drugstores. The company may also acquire other retail properties, including power centers, regional malls lifestyle centers and single-tenant retail locations that are leased to national, regional and local tenants. In addition, the Company may supplement its direct purchases of retail properties with first mortgages or second mortgages, mezzanine loans, bridge or other loans or debt investments related to retail properties, in each case provided that the underlying real estate meets the Company’s criteria for direct investment. “
  • 9/21/2018 – Retail Opportunity Investments was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

Shares of ROIC opened at $17.75 on Monday. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.10. Retail Opportunity Investments Corp has a 12-month low of $16.17 and a 12-month high of $20.14. The stock has a market capitalization of $2.02 billion, a P/E ratio of 15.57, a PEG ratio of 2.76 and a beta of 0.55.

Retail Opportunity Investments (NASDAQ:ROIC) last announced its quarterly earnings data on Tuesday, October 23rd. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.22). Retail Opportunity Investments had a net margin of 14.69% and a return on equity of 3.26%. The firm had revenue of $73.90 million during the quarter, compared to analysts’ expectations of $73.15 million. During the same period in the prior year, the company posted $0.29 EPS. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. Equities research analysts anticipate that Retail Opportunity Investments Corp will post 1.14 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 14th will be issued a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date of this dividend is Thursday, December 13th. Retail Opportunity Investments’s dividend payout ratio is currently 68.42%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its position in Retail Opportunity Investments by 9.9% in the second quarter. BlackRock Inc. now owns 19,207,417 shares of the real estate investment trust’s stock valued at $368,014,000 after buying an additional 1,735,231 shares during the last quarter. Granite Investment Partners LLC acquired a new position in Retail Opportunity Investments in the third quarter valued at about $15,230,000. Raymond James & Associates lifted its position in Retail Opportunity Investments by 75.6% in the second quarter. Raymond James & Associates now owns 1,785,904 shares of the real estate investment trust’s stock valued at $34,218,000 after buying an additional 768,810 shares during the last quarter. Jennison Associates LLC lifted its position in Retail Opportunity Investments by 37.9% in the second quarter. Jennison Associates LLC now owns 1,941,073 shares of the real estate investment trust’s stock valued at $37,191,000 after buying an additional 533,286 shares during the last quarter. Finally, RBO & Co. LLC acquired a new position in Retail Opportunity Investments in the second quarter valued at about $8,944,000. 99.60% of the stock is owned by hedge funds and other institutional investors.

Retail Opportunity Investments Corp. (NASDAQ:ROIC), is a fully-integrated, self-managed real estate investment trust (REIT) that specializes in the acquisition, ownership and management of grocery-anchored shopping centers located in densely-populated, metropolitan markets across the West Coast. As of June 30, 2018, ROIC owned 92 shopping centers encompassing approximately 10.6 million square feet.

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