BidaskClub downgraded shares of Retail Opportunity Investments (NASDAQ:ROIC) from a hold rating to a sell rating in a report published on Tuesday morning.
Several other equities research analysts have also commented on the company. Capital One Financial restated an overweight rating on shares of Retail Opportunity Investments in a research note on Monday, February 12th. Citigroup reduced their price objective on Retail Opportunity Investments from $20.00 to $18.50 and set a neutral rating for the company in a research note on Wednesday, February 28th. Zacks Investment Research lowered Retail Opportunity Investments from a hold rating to a sell rating in a research note on Wednesday, January 10th. Finally, Jefferies Group restated a hold rating and issued a $18.00 price objective on shares of Retail Opportunity Investments in a research note on Tuesday, February 27th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. The stock has an average rating of Hold and an average target price of $21.50.
Retail Opportunity Investments (NASDAQ ROIC) opened at $17.91 on Tuesday. The firm has a market capitalization of $1,980.00, a price-to-earnings ratio of 57.77, a PEG ratio of 2.48 and a beta of 0.63. The company has a debt-to-equity ratio of 1.12, a quick ratio of 3.23 and a current ratio of 3.23. Retail Opportunity Investments has a twelve month low of $16.21 and a twelve month high of $22.06.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be paid a $0.195 dividend. This represents a $0.78 annualized dividend and a dividend yield of 4.36%. This is a positive change from Retail Opportunity Investments’s previous quarterly dividend of $0.19. The ex-dividend date is Wednesday, March 14th. Retail Opportunity Investments’s dividend payout ratio is 241.94%.
Large investors have recently bought and sold shares of the company. Crossmark Global Holdings Inc. purchased a new stake in Retail Opportunity Investments in the 3rd quarter worth $447,000. Stevens Capital Management LP purchased a new stake in Retail Opportunity Investments in the 3rd quarter worth $478,000. Jennison Associates LLC increased its stake in Retail Opportunity Investments by 4.7% in the 3rd quarter. Jennison Associates LLC now owns 1,341,603 shares of the real estate investment trust’s stock worth $25,504,000 after buying an additional 60,261 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in Retail Opportunity Investments by 31.6% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 93,256 shares of the real estate investment trust’s stock worth $1,773,000 after buying an additional 22,392 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its stake in Retail Opportunity Investments by 58.8% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 41,170 shares of the real estate investment trust’s stock worth $783,000 after buying an additional 15,240 shares in the last quarter. Hedge funds and other institutional investors own 99.48% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Retail Opportunity Investments (ROIC) Lowered to Sell at BidaskClub” was reported by Week Herald and is owned by of Week Herald. If you are viewing this piece on another website, it was stolen and reposted in violation of US and international copyright laws. The correct version of this piece can be accessed at https://weekherald.com/2018/03/14/retail-opportunity-investments-roic-lowered-to-sell-at-bidaskclub.html.
About Retail Opportunity Investments
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.
Receive News & Ratings for Retail Opportunity Investments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Retail Opportunity Investments and related companies with MarketBeat.com's FREE daily email newsletter.