BidaskClub cut shares of Retail Opportunity Investments (NASDAQ:ROIC) from a hold rating to a sell rating in a report published on Friday.

Other analysts have also recently issued reports about the company. Capital One Financial cut Retail Opportunity Investments from an overweight rating to an equal weight rating in a research report on Thursday, July 26th. ValuEngine upgraded Retail Opportunity Investments from a sell rating to a hold rating in a research report on Thursday, June 21st. BMO Capital Markets started coverage on Retail Opportunity Investments in a research report on Tuesday, September 18th. They issued a hold rating and a $20.00 price objective for the company. Zacks Investment Research upgraded Retail Opportunity Investments from a sell rating to a hold rating in a research report on Thursday, August 16th. Finally, Wells Fargo & Co boosted their price objective on Retail Opportunity Investments from $16.50 to $18.00 and gave the company a market perform rating in a research report on Tuesday, July 31st. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. Retail Opportunity Investments presently has a consensus rating of Hold and an average target price of $19.69.

Shares of ROIC stock opened at $18.25 on Friday. The company has a debt-to-equity ratio of 1.17, a current ratio of 3.74 and a quick ratio of 3.74. The company has a market cap of $2.10 billion, a P/E ratio of 16.01, a P/E/G ratio of 2.61 and a beta of 0.56. Retail Opportunity Investments has a twelve month low of $16.17 and a twelve month high of $20.14.

Retail Opportunity Investments (NASDAQ:ROIC) last posted its quarterly earnings data on Wednesday, July 25th. The real estate investment trust reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.23). The business had revenue of $72.34 million during the quarter, compared to analysts’ expectations of $73.23 million. Retail Opportunity Investments had a net margin of 13.23% and a return on equity of 2.90%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.27 earnings per share. equities analysts predict that Retail Opportunity Investments will post 1.16 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 27th. Stockholders of record on Thursday, September 13th will be given a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date is Wednesday, September 12th. Retail Opportunity Investments’s dividend payout ratio (DPR) is presently 68.42%.

Several large investors have recently modified their holdings of ROIC. Brown Advisory Inc. acquired a new stake in shares of Retail Opportunity Investments in the first quarter worth approximately $188,000. Raymond James Trust N.A. acquired a new stake in shares of Retail Opportunity Investments in the second quarter worth approximately $195,000. OppenheimerFunds Inc. acquired a new stake in shares of Retail Opportunity Investments in the second quarter worth approximately $196,000. Profund Advisors LLC boosted its stake in shares of Retail Opportunity Investments by 25.6% in the first quarter. Profund Advisors LLC now owns 20,640 shares of the real estate investment trust’s stock worth $365,000 after acquiring an additional 4,201 shares during the last quarter. Finally, Xact Kapitalforvaltning AB boosted its stake in shares of Retail Opportunity Investments by 81.6% in the first quarter. Xact Kapitalforvaltning AB now owns 20,697 shares of the real estate investment trust’s stock worth $366,000 after acquiring an additional 9,300 shares during the last quarter.

About Retail Opportunity Investments

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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Analyst Recommendations for Retail Opportunity Investments (NASDAQ:ROIC)

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