Retail Opportunity Investments Corp. (NASDAQ:ROIC) is expected to report earnings of $0.26 per share
Equity analysts forecast that Retail Opportunity Investments Corp. (NASDAQ:ROIC – Get Rating) will report earnings per share (EPS) of $0.26 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for retail opportunity investments’ earnings. The lowest EPS estimate is $0.26 and the highest is $0.27. Retail Opportunity Investments reported earnings per share of $0.25 for the same quarter last year, indicating a positive 4% year-over-year growth rate. The company is expected to announce its next quarterly results on Monday, January 1st.
On average, analysts expect Retail Opportunity Investments to report full-year earnings per share for the current fiscal year of $1.08, with EPS estimates ranging from $1.06 to $1.10. For the next fiscal year, analysts are forecasting that the company will report earnings of $1.14 per share, with EPS estimates ranging from $1.12 to $1.16. Zacks earnings per share calculations are an average based on a survey of analysts who track retail opportunity investments.
Retail Opportunity Investments (NASDAQ:ROIC – Get Rating) last released its earnings results on Monday, April 10th. The Real Estate Investment Trust reported $0.09 EPS for the quarter, beating the consensus estimate of $0.07 by $0.02. Retail Opportunity Investments had a net margin of 19.81% and a return on equity of 4.26%. The company had revenue of $75.04 million for the quarter, compared to analysts’ expectations of $73.21 million. In the same quarter last year, the company earned $0.24 per share. Retail Opportunity Investments quarterly revenue increased 8.9% year over year.
Several research companies have recently commented on ROIC. Zacks Investment Research upgraded shares of Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research note on Friday, March 4th. Capital One Financial reiterated on Monday, 18th TheStreet stocks of Retail Opportunity Investments on Monday, 25th Wells Fargo & Company increased its price target on shares of Retail Opportunity Investments from $17.00 to $19.00 and gave a rating on the Named “underweight” in a research note on Thursday, April 7th. Finally, on Thursday, March 31st, StockNews.com began reporting shares of Retail Opportunity Investments in a research note. You give the stock a “hold” rating. One equities research analyst has rated the stock with a sell rating, three with a hold rating and one with a buy rating. Based on data from MarketBeat.com, Retail Opportunity Investments currently has a consensus rating of Hold and a consensus price target of $20.00.
Several large investors have recently changed their holdings of ROIC. Ranger Global Real Estate Advisors LLC acquired a new interest in Retail Opportunity Investments valued at approximately $49,863,000 during the third quarter. Land & Buildings Investment Management LLC purchased a new position in Retail Opportunity Investments valued at approximately $41,660,000 during the third quarter. Waterfront Capital Partners LLC purchased a new position in Retail Opportunity Investments valued at approximately $42,934,000 during the fourth quarter. Norges Bank bought a new position in Retail Opportunity Investments valued at approximately $23,221,000 during the fourth quarter. Finally, Aew Capital Management LP increased its stake in Retail Opportunity Investments by 102.7% during the first quarter. Aew Capital Management LP now owns 2,325,463 shares of the Real Estate Investment Trust worth $45,091,000 after purchasing an additional 1,178,000 shares last quarter. Institutional investors own 96.17% of the company’s shares.
NASDAQ:ROIC shares fell $0.30 during Friday trading to hit $16.87. The company had a trading volume of 1,340,515 shares compared to its average volume of 1,609,104. The company’s 50-day moving average is $18.82 and its 200-day moving average is $18.65. The company has a market cap of $2.10 billion, a P/E of 35.89, a price-to-earnings-to-growth ratio of 2.39 and a beta of 1.37. Retail Opportunity Investments has a 12-month low of $16.47 and a 12-month high of $20.09. The company has a debt to equity ratio of 0.95, a quick ratio of 1.58 and a current ratio of 1.58.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 8th. Shareholders of record on Friday, June 17 will receive a dividend of $0.13. That equates to an annualized dividend of $0.52 and a yield of 3.08%. The ex-dividend date of this dividend is Thursday June 16th. The RTP of Retail Opportunity Investments is currently 110.64%.
About investing in retail opportunities (received rating)
Retail Opportunity Investments Corp. (NASDAQ: ROIC) is a fully integrated, self-managed real estate investment trust (REIT) focused on the acquisition, ownership and management of grocery retail shopping centers located in dense, metropolitan markets on the West Coast. As of September 30, 2020, ROIC owned 88 shopping centers covering approximately 10.1 million square feet.
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