Jefferies Group Analysts Give Retail Opportunity Investments (ROIC) a $17.00 Price Target

Jefferies Group set a $17.00 price objective on Retail Opportunity Investments (NASDAQ:ROIC) in a research report report published on Friday morning. The brokerage currently has a hold rating on the real estate investment trust’s stock. Jefferies Group also issued estimates for Retail Opportunity Investments’ FY2018 earnings at $1.18 EPS and FY2019 earnings at $1.22 EPS.

Other analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Retail Opportunity Investments from a hold rating to a sell rating in a research note on Wednesday, January 10th. Capital One Financial reaffirmed an overweight rating on shares of Retail Opportunity Investments in a research note on Monday, February 12th. Citigroup dropped their price objective on shares of 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. BidaskClub cut shares of Retail Opportunity Investments from a hold rating to a sell rating in a research note on Tuesday, March 13th. Finally, Robert W. Baird reaffirmed a buy rating and set a $20.00 price objective on shares of Retail Opportunity Investments in a research note on Wednesday, March 21st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $20.81.

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ROIC stock opened at $16.99 on Friday. The stock has a market cap of $1,906.51, a PE ratio of 14.90, a P/E/G ratio of 2.39 and a beta of 0.55. The company has a debt-to-equity ratio of 1.12, a current ratio of 3.23 and a quick ratio of 3.23. Retail Opportunity Investments has a 52 week low of $16.21 and a 52 week high of $22.06.

Retail Opportunity Investments (NASDAQ:ROIC) last released its earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. The business had revenue of $72.75 million during the quarter, compared to analysts’ expectations of $71.07 million. Retail Opportunity Investments had a net margin of 14.08% and a return on equity of 2.95%. The company’s quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.27 earnings per share. equities analysts anticipate that Retail Opportunity Investments will post 1.19 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th were issued a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 4.59%. This is a positive change from Retail Opportunity Investments’s previous quarterly dividend of $0.19. The ex-dividend date was Wednesday, March 14th. Retail Opportunity Investments’s payout ratio is presently 68.42%.

A number of large investors have recently bought and sold shares of ROIC. FDx Advisors Inc. acquired a new position in Retail Opportunity Investments in the 4th quarter valued at about $221,000. Xact Kapitalforvaltning AB acquired a new position in Retail Opportunity Investments in the 4th quarter valued at about $227,000. Elkfork Partners LLC acquired a new position in Retail Opportunity Investments in the 4th quarter valued at about $254,000. Eaton Vance Management acquired a new position in Retail Opportunity Investments in the 4th quarter valued at about $267,000. Finally, Ramsey Quantitative Systems acquired a new position in Retail Opportunity Investments in the 4th quarter valued at about $269,000. Institutional investors own 99.18% of the company’s stock.

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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.

Analyst Recommendations for Retail Opportunity Investments (NASDAQ:ROIC)

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