Retail Opportunity Investments Corp. (ROIC) Plans Quarterly Dividend of $0.19

Retail Opportunity Investments Corp. (NASDAQ:ROIC) declared a quarterly dividend on Tuesday, October 24th, Zacks reports. Stockholders of record on Thursday, December 14th will be given a dividend of 0.188 per share by the real estate investment trust on Thursday, December 28th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date is Wednesday, December 13th.

Retail Opportunity Investments (ROIC) opened at $19.87 on Friday. The company has a market cap of $2,180.34, a price-to-earnings ratio of 17.90, a P/E/G ratio of 2.58 and a beta of 0.68. Retail Opportunity Investments has a twelve month low of $17.87 and a twelve month high of $22.37. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.06.

Retail Opportunity Investments (NASDAQ:ROIC) last announced its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.08 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.21). Retail Opportunity Investments had a return on equity of 2.86% and a net margin of 14.13%. The firm had revenue of $67.97 million during the quarter, compared to the consensus estimate of $68.34 million. During the same quarter last year, the business earned $0.26 EPS. The business’s revenue was up 14.5% compared to the same quarter last year. analysts expect that Retail Opportunity Investments will post 1.13 earnings per share for the current fiscal year.

Several research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Retail Opportunity Investments from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. Jefferies Group downgraded shares of Retail Opportunity Investments from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $25.00 to $21.00 in a report on Friday, September 15th. Citigroup dropped their price objective on shares of Retail Opportunity Investments from $20.50 to $20.00 and set a “neutral” rating on the stock in a report on Monday, October 30th. Royal Bank of Canada reiterated a “buy” rating and set a $22.00 target price on shares of Retail Opportunity Investments in a research report on Monday, October 30th. Finally, FBR & Co set a $23.00 target price on shares of Retail Opportunity Investments 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 given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $22.00.

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Retail Opportunity Investments 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.

Dividend History for Retail Opportunity Investments (NASDAQ:ROIC)

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