Brokerages anticipate Retail Opportunity Investments Corp. (NASDAQ: ROIC) will report earnings of $0.26 per share


Wall Street brokers expect Retail Opportunity Investments Corp. (NASDAQ: ROIC – Get Rating) reports earnings of $0.26 per share for the current quarter, according to Zacks Investment Research. Three analysts made earnings estimates for Retail Opportunity Investments. The lowest EPS estimate is $0.25 and the highest is $0.26. Retail Opportunity Investments reported earnings per share of $0.24 in the same quarter last year, which would indicate a positive year-over-year growth rate of 8.3%. The company is expected to release its next results after the market closes on Monday, January 1.

According to Zacks, analysts expect Retail Opportunity Investments to report annual earnings of $1.06 per share for the current year, with EPS estimates ranging from $1.05 to $1.08. For the next fiscal year, analysts expect the company to report earnings of $1.14 per share, with EPS estimates ranging from $1.11 to $1.15. Zacks EPS averages are an average average based on a survey of analysts who track Retail Opportunity Investments.

Retail Opportunity Investments (NASDAQ: ROIC – Get Rating) last released its quarterly results on Tuesday, February 15. The real estate investment trust reported earnings per share (EPS) of $0.07 for the quarter, meeting Thomson Reuters consensus estimate of $0.07. Retail Opportunity Investments posted a net margin of 18.83% and a return on equity of 4.01%. The company posted revenue of $72.80 million in the quarter, compared to analyst estimates of $71.53 million. During the same period last year, the company achieved EPS of $0.27. Retail Opportunity Investments quarterly revenue decreased 0.2% compared to the same quarter last year.

A number of research companies have recently weighed in on ROIC. StockNews.com began covering investments in retail opportunities in a research report on Thursday, March 31. They set a “holding” rating for the company. Zacks Investment Research upgraded Retail Opportunity Investments from a “sell” rating to a “hold” rating in a Friday, March 4 report. Finally, Wells Fargo & Company raised its price target on Retail Opportunity Investments shares from $17.00 to $19.00 and gave the stock an “underweight” rating in a Thursday research note. April 7. One analyst rated the stock with a sell rating, two assigned a hold rating and two assigned the company a buy rating. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $20.00.

NASDAQ ROIC shares opened at $19.55 on Friday. The company has a debt ratio of 0.97, a quick ratio of 1.46 and a current ratio of 1.46. The company has a 50-day simple moving average of $18.64 and a two-hundred-day simple moving average of $18.56. Retail Opportunity Investments has a fifty-two week low of $16.22 and a fifty-two week high of $20.09. The company has a market capitalization of $2.41 billion, a price/earnings ratio of 44.07, a P/E/G ratio of 3.26 and a beta of 1.45.

The company also recently announced a quarterly dividend, which was paid on Friday, April 8. Shareholders of record on Friday, March 18 received a dividend of $0.13 per share. This represents an annualized dividend of $0.52 and a yield of 2.66%. This is an increase from Retail Opportunity Investments’ previous quarterly dividend of $0.11. The ex-dividend date was Thursday, March 17. Retail Opportunity Investments’ dividend payout ratio (DPR) is currently 118.18%.

Hedge funds and other institutional investors have recently increased or reduced their stakes in the stock. Evergreen Capital Management LLC increased its holdings in Retail Opportunity Investments by 7.6% in the fourth quarter. Evergreen Capital Management LLC now owns 12,498 shares of the real estate investment trust worth $245,000 after buying 883 additional shares in the last quarter. Norges Bank bought a new stock position in Retail Opportunity Investments during the 4th quarter at a value of $23,221,000. Barclays PLC increased its equity stake in Retail Opportunity Investments by 15.0% in the fourth quarter. Barclays PLC now owns 241,395 shares of the real estate investment trust worth $4,730,000 after buying a further 31,449 shares in the last quarter. BlackRock Inc. increased its holdings of Retail Opportunity Investments shares by 3.9% in the fourth quarter. BlackRock Inc. now owns 22,269,037 shares of the real estate investment trust worth $436,471,000 after acquiring an additional 835,671 shares during the period. Finally, Vident Investment Advisory LLC increased its position in Retail Opportunity Investments by 3.3% during the fourth quarter. Vident Investment Advisory LLC now owns 111,028 shares of the real estate investment trust worth $2,176,000 after acquiring an additional 3,500 shares in the last quarter. Institutional investors hold 97.47% of the company’s shares.

Retail Opportunity Investments Company Profile (Get an evaluation)

Retail Opportunity Investments Corp. (NASDAQ: ROIC), is a fully integrated, self-managed real estate investment trust (REIT) that specializes in the acquisition, ownership and management of grocery-anchored shopping centers located in densely populated metropolitan markets across the coast west. As of September 30, 2020, ROIC owned 88 shopping centers covering approximately 10.1 million square feet.

See also

Get a Free Copy of Zacks Research Report on Investing in Retail Opportunities (ROIC)

For more information on Zacks Investment Research’s research offerings, visit Zacks.com

Earnings History and Estimates for Retail Opportunity Investments (NASDAQ:ROIC)



Receive daily news and reviews for investments in retail opportunities – Enter your email address below to receive a concise daily summary of breaking news and analyst notes for Retail Opportunity Investments and related companies with MarketBeat.com’s free daily email newsletter.

Comments are closed.