The Retail Opportunity Investments Corp. (ROIC) Sets New 12-Month Low at $18.32

The Retail Opportunity Investments Corp. (ROIC) Sets New 12-Month Low at $18.32

Retail Opportunity Investments Corp. (NASDAQ:ROIC) shares reached a new 52-week low on Thursday . The company traded as low as $18.32 and last traded at $18.35, with a volume of 771,381 shares trading hands. The stock had previously closed at $18.59.

A number of research firms have recently weighed in on ROIC. Zacks Investment Research cut Retail Opportunity Investments Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Jefferies Group LLC cut Retail Opportunity Investments Corp. from a “buy” rating to a “hold” rating and lowered their price objective for the company from $25.00 to $21.00 in a research report on Friday, September 15th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $23.00 price objective on shares of Retail Opportunity Investments Corp. in a research report on Thursday, July 27th. BidaskClub raised Retail Opportunity Investments Corp. from a “sell” rating to a “hold” rating in a research report on Sunday, July 16th. Finally, FBR & Co set a $23.00 price objective on Retail Opportunity Investments Corp. and gave the company a “hold” rating in a research report on Wednesday, October 11th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $22.14.

The firm’s 50-day moving average price is $19.29 and its 200-day moving average price is $19.92. The company has a market cap of $2.01 billion, a PE ratio of 56.69 and a beta of 0.68.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last issued its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.21). The business had revenue of $67.97 million for the quarter, compared to analysts’ expectations of $68.34 million. Retail Opportunity Investments Corp. had a return on equity of 2.71% and a net margin of 13.92%. The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.26 EPS. Equities analysts predict that Retail Opportunity Investments Corp. will post $0.35 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 28th. Shareholders of record on Thursday, September 14th were given a dividend of $0.188 per share. The ex-dividend date of this dividend was Wednesday, September 13th. This represents a $0.75 dividend on an annualized basis and a yield of 4.05%. This is an increase from Retail Opportunity Investments Corp.’s previous quarterly dividend of $0.19. Retail Opportunity Investments Corp.’s dividend payout ratio is currently 227.28%.

A number of hedge funds have recently modified their holdings of ROIC. UBS Asset Management Americas Inc. boosted its position in Retail Opportunity Investments Corp. by 1.1% during the first quarter. UBS Asset Management Americas Inc. now owns 251,703 shares of the real estate investment trust’s stock worth $5,293,000 after purchasing an additional 2,734 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in Retail Opportunity Investments Corp. by 12.0% during the first quarter. Parametric Portfolio Associates LLC now owns 186,670 shares of the real estate investment trust’s stock worth $3,926,000 after purchasing an additional 20,017 shares in the last quarter. Teachers Advisors LLC boosted its position in Retail Opportunity Investments Corp. by 14.6% during the first quarter. Teachers Advisors LLC now owns 1,647,327 shares of the real estate investment trust’s stock worth $34,643,000 after purchasing an additional 210,369 shares in the last quarter. California Public Employees Retirement System boosted its position in Retail Opportunity Investments Corp. by 0.5% during the first quarter. California Public Employees Retirement System now owns 176,100 shares of the real estate investment trust’s stock worth $3,703,000 after purchasing an additional 900 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Retail Opportunity Investments Corp. by 11.1% during the first quarter. Geode Capital Management LLC now owns 1,119,567 shares of the real estate investment trust’s stock worth $23,544,000 after purchasing an additional 111,863 shares in the last quarter. Institutional investors own 94.76% of the company’s stock.

Retail Opportunity Investments Corp. Company Profile

Retail Opportunity Investments Corp. (ROIC) is a fully integrated, self-managed real estate investment trust (REIT). 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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