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.
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