ValuEngine upgraded shares of Retail Opportunity Investments (NASDAQ:ROIC) from a sell rating to a hold rating in a research report released on Tuesday, ValuEngine reports.

Several other brokerages also recently weighed in on ROIC. Zacks Investment Research downgraded shares of W. R. Grace & Co from a buy rating to a hold rating in a report on Wednesday, May 1st. BidaskClub raised shares of ZIX from a buy rating to a strong-buy rating in a report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $18.00.

ROIC opened at $17.86 on Tuesday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 2.13 and a current ratio of 2.13. The stock has a market capitalization of $2.06 billion, a P/E ratio of 15.67, a price-to-earnings-growth ratio of 3.77 and a beta of 0.71. The business has a 50 day simple moving average of $17.20. Retail Opportunity Investments has a 12-month low of $15.44 and a 12-month high of $19.80.

Retail Opportunity Investments (NASDAQ:ROIC) last posted its quarterly earnings data on Wednesday, April 24th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.29. Retail Opportunity Investments had a net margin of 15.22% and a return on equity of 3.46%. The company had revenue of $76.05 million for the quarter, compared to the consensus estimate of $75.31 million. During the same quarter last year, the firm posted $0.30 earnings per share. The firm’s revenue was up 2.2% compared to the same quarter last year. As a group, research analysts predict that Retail Opportunity Investments will post 1.14 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Thursday, June 13th were issued a dividend of $0.197 per share. This represents a $0.79 annualized dividend and a yield of 4.41%. The ex-dividend date of this dividend was Wednesday, June 12th. Retail Opportunity Investments’s dividend payout ratio is currently 69.30%.

Large investors have recently modified their holdings of the business. Texas Permanent School Fund lifted its holdings in shares of Retail Opportunity Investments by 5.1% in the fourth quarter. Texas Permanent School Fund now owns 74,590 shares of the real estate investment trust’s stock worth $1,184,000 after buying an additional 3,632 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Retail Opportunity Investments by 9.5% in the fourth quarter. Geode Capital Management LLC now owns 1,602,715 shares of the real estate investment trust’s stock worth $25,451,000 after purchasing an additional 138,664 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Retail Opportunity Investments by 3.0% in the fourth quarter. BlackRock Inc. now owns 19,898,702 shares of the real estate investment trust’s stock worth $315,992,000 after purchasing an additional 573,022 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its holdings in shares of Retail Opportunity Investments by 9.9% in the first quarter. Thompson Siegel & Walmsley LLC now owns 881,084 shares of the real estate investment trust’s stock worth $15,278,000 after purchasing an additional 79,247 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its holdings in Retail Opportunity Investments by 1.8% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 44,146 shares of the real estate investment trust’s stock worth $765,000 after acquiring an additional 797 shares in the last quarter. 92.00% of the stock is currently owned by institutional investors and hedge funds.

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 March 31, 2019, ROIC owned 90 shopping centers encompassing approximately 10.3 million square feet.

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