News headlines about Retail Opportunity Investments (NASDAQ:ROIC) have trended somewhat positive on Thursday, Accern reports. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Retail Opportunity Investments earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned media headlines about the real estate investment trust an impact score of 46.1400226358835 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Retail Opportunity Investments (NASDAQ:ROIC) traded up $0.08 during mid-day trading on Thursday, reaching $19.33. The company’s stock had a trading volume of 757,530 shares, compared to its average volume of 896,737. The company has a market capitalization of $2,134.25, a price-to-earnings ratio of 17.52, a PEG ratio of 2.53 and a beta of 0.68. Retail Opportunity Investments has a 52-week low of $17.87 and a 52-week high of $22.37. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.06.
Retail Opportunity Investments (NASDAQ:ROIC) last issued its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.21). The firm had revenue of $67.97 million during the quarter, compared to the consensus estimate of $68.34 million. Retail Opportunity Investments had a net margin of 14.13% and a return on equity of 2.86%. The business’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.26 earnings per share. sell-side analysts expect that Retail Opportunity Investments will post 1.13 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, December 14th will be given a $0.188 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date of this dividend is Wednesday, December 13th. Retail Opportunity Investments’s dividend payout ratio is currently 220.59%.
A number of brokerages have recently issued reports on ROIC. Jefferies Group set a $20.00 target price on Retail Opportunity Investments and gave the stock a “hold” rating in a report on Tuesday, October 31st. Zacks Investment Research raised Retail Opportunity Investments from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Royal Bank Of Canada reissued a “buy” rating and issued a $22.00 target price on shares of Retail Opportunity Investments in a research note on Monday, October 30th. Citigroup lowered their target price on Retail Opportunity Investments from $20.50 to $20.00 and set a “neutral” rating for the company in a research note on Monday, October 30th. Finally, KeyCorp reissued a “neutral” rating on shares of Retail Opportunity Investments in a research note on Tuesday, October 24th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $22.00.
Retail Opportunity Investments 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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