BidaskClub upgraded shares of Retail Opportunity Investments (NASDAQ:ROIC) from a sell rating to a hold rating in a research report sent to investors on Thursday morning.

A number of other equities analysts have also recently commented on the company. ValuEngine upgraded Retail Opportunity Investments from a sell rating to a hold rating in a report on Sunday, September 30th. Zacks Investment Research upgraded Retail Opportunity Investments from a sell rating to a hold rating in a report on Saturday, September 22nd. BMO Capital Markets assumed coverage on Retail Opportunity Investments in a report on Tuesday, September 18th. They issued a hold rating and a $20.00 target price for the company. Wells Fargo & Co lifted their target price on Retail Opportunity Investments from $16.50 to $18.00 and gave the stock a market perform rating in a report on Tuesday, July 31st. Finally, Capital One Financial cut Retail Opportunity Investments from an overweight rating to an equal weight rating in a report on Thursday, July 26th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. Retail Opportunity Investments presently has a consensus rating of Hold and a consensus target price of $18.75.

Shares of Retail Opportunity Investments stock opened at $17.75 on Thursday. The company has a market capitalization of $2.02 billion, a PE ratio of 15.57, a P/E/G ratio of 2.76 and a beta of 0.55. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.58 and a quick ratio of 1.58. Retail Opportunity Investments has a one year low of $16.17 and a one year high of $20.14.

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

The firm 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 dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date of this dividend is Thursday, December 13th. Retail Opportunity Investments’s payout ratio is currently 68.42%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its holdings in Retail Opportunity Investments by 0.6% during the 3rd quarter. BlackRock Inc. now owns 19,325,680 shares of the real estate investment trust’s stock valued at $360,810,000 after acquiring an additional 118,263 shares during the period. Hermes Investment Management Ltd. boosted its holdings in Retail Opportunity Investments by 3.4% during the 2nd quarter. Hermes Investment Management Ltd. now owns 2,334,605 shares of the real estate investment trust’s stock valued at $44,731,000 after acquiring an additional 77,695 shares during the period. Northern Trust Corp boosted its holdings in Retail Opportunity Investments by 5.7% during the 2nd quarter. Northern Trust Corp now owns 2,092,541 shares of the real estate investment trust’s stock valued at $40,094,000 after acquiring an additional 113,134 shares during the period. Jennison Associates LLC boosted its holdings in Retail Opportunity Investments by 37.9% during the 2nd quarter. Jennison Associates LLC now owns 1,941,073 shares of the real estate investment trust’s stock valued at $37,191,000 after acquiring an additional 533,286 shares during the period. Finally, Teachers Advisors LLC boosted its holdings in Retail Opportunity Investments by 0.4% during the 3rd quarter. Teachers Advisors LLC now owns 1,869,336 shares of the real estate investment trust’s stock valued at $34,901,000 after acquiring an additional 6,875 shares during the period.

Retail Opportunity Investments Company Profile

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.

Read More: Return on Investment (ROI)

Analyst Recommendations for Retail Opportunity Investments (NASDAQ:ROIC)

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