According to Zacks, “Retail Opportunity Investments Corp. is a corporation that intends to qualify as a REIT for U.S. federal incoming tax purposes and that expects to invest in, acquire, own, lease, reposition and manage a diverse portfolio of necessity-based retail properties. This includes primarily, well located community and neighborhood shopping centers, anchored by national or regional supermarkets and drugstores. The company may also acquire other retail properties, including power centers, regional malls lifestyle centers and single-tenant retail locations that are leased to national, regional and local tenants. In addition, the Company may supplement its direct purchases of retail properties with first mortgages or second mortgages, mezzanine loans, bridge or other loans or debt investments related to retail properties, in each case provided that the underlying real estate meets the Company’s criteria for direct investment. “
Several other brokerages have also commented on ROIC. ValuEngine upgraded shares of XCel Brands from a sell rating to a hold rating in a report on Tuesday. BidaskClub upgraded shares of ZIX from a buy rating to a strong-buy rating in a report on Friday, May 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $18.00.
Retail Opportunity Investments stock opened at $17.95 on Wednesday. The company has a 50 day moving average price of $17.21. Retail Opportunity Investments has a 1-year low of $15.44 and a 1-year high of $19.80. The company has a debt-to-equity ratio of 1.14, a quick ratio of 2.13 and a current ratio of 2.13. The stock has a market cap of $2.05 billion, a PE ratio of 15.75, a price-to-earnings-growth ratio of 3.73 and a beta of 0.71.
Retail Opportunity Investments (NASDAQ:ROIC) last posted its quarterly earnings results on Wednesday, April 24th. The real estate investment trust reported $0.29 earnings per share for the quarter, meeting the consensus estimate of $0.29. Retail Opportunity Investments had a net margin of 15.22% and a return on equity of 3.46%. The business had revenue of $76.05 million during the quarter, compared to analysts’ expectations of $75.31 million. During the same quarter in the prior year, the company posted $0.30 EPS. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, research analysts forecast that Retail Opportunity Investments will post 1.14 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Thursday, June 13th were issued a dividend of $0.197 per share. The ex-dividend date of this dividend was Wednesday, June 12th. This represents a $0.79 dividend on an annualized basis and a yield of 4.39%. Retail Opportunity Investments’s dividend payout ratio (DPR) is presently 69.30%.
Institutional investors have recently added to or reduced their stakes in the business. First Hawaiian Bank acquired a new stake in Retail Opportunity Investments during the 1st quarter worth approximately $32,000. Quadrant Capital Group LLC increased its position in shares of Retail Opportunity Investments by 1,542.1% in the 1st quarter. Quadrant Capital Group LLC now owns 3,005 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 2,822 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Retail Opportunity Investments by 23.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,197 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 603 shares during the last quarter. Nisa Investment Advisors LLC purchased a new stake in shares of Retail Opportunity Investments in the 1st quarter valued at approximately $92,000. Finally, Cipher Capital LP purchased a new stake in shares of Retail Opportunity Investments in the 4th quarter valued at approximately $198,000. Institutional investors own 92.00% of the company’s stock.
Retail Opportunity Investments Company Profile
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 West Coast. As of March 31, 2019, ROIC owned 90 shopping centers encompassing approximately 10.3 million square feet.
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