Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Retail Opportunity Investments Corp. (ROIC) Stock Price

News stories about Retail Opportunity Investments Corp. (NASDAQ:ROIC) have been trending somewhat positive recently, according to Accern. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Retail Opportunity Investments Corp. earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned news articles about the real estate investment trust an impact score of 46.1224954039146 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Retail Opportunity Investments Corp. (NASDAQ ROIC) opened at 19.73 on Friday. Retail Opportunity Investments Corp. has a 52-week low of $18.45 and a 52-week high of $22.98.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last posted its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by $0.01. Retail Opportunity Investments Corp. had a net margin of 13.92% and a return on equity of 2.71%. The business had revenue of $66.64 million during the quarter, compared to the consensus estimate of $66.18 million. During the same quarter last year, the company posted $0.27 EPS. The firm’s revenue was up 13.6% on a year-over-year basis. Analysts predict that Retail Opportunity Investments Corp. will post $0.37 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, September 14th will be given a dividend of $0.188 per share. This is a boost from Retail Opportunity Investments Corp.’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Wednesday, September 13th. This represents a $0.75 annualized dividend and a yield of 3.81%. Retail Opportunity Investments Corp.’s dividend payout ratio (DPR) is presently 227.28%.

ROIC has been the topic of several recent research reports. Jefferies Group LLC reaffirmed a “buy” rating and set a $26.00 price objective on shares of Retail Opportunity Investments Corp. in a research report on Friday, May 12th. Zacks Investment Research lowered shares of Retail Opportunity Investments Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. Citigroup Inc. reissued a “neutral” rating and issued a $19.00 price target (down previously from $21.00) on shares of Retail Opportunity Investments Corp. in a research report on Monday, July 10th. Canaccord Genuity reissued a “buy” rating and issued a $26.00 price target on shares of Retail Opportunity Investments Corp. in a research report on Thursday, April 27th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $23.00 price target on shares of Retail Opportunity Investments Corp. in a research report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $23.14.

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Retail Opportunity Investments Corp. 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.

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