Equities analysts forecast that Retail Opportunity Investments Corp (NASDAQ:ROIC) will announce earnings per share of $0.29 for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Retail Opportunity Investments’ earnings. The highest EPS estimate is $0.30 and the lowest is $0.28. Retail Opportunity Investments also posted earnings per share of $0.29 in the same quarter last year. The company is expected to announce its next earnings results after the market closes on Tuesday, February 18th.
On average, analysts expect that Retail Opportunity Investments will report full-year earnings of $1.11 per share for the current financial year, with EPS estimates ranging from $1.10 to $1.13. For the next year, analysts expect that the business will report earnings of $1.15 per share, with EPS estimates ranging from $1.13 to $1.16. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Retail Opportunity Investments.
Retail Opportunity Investments (NASDAQ:ROIC) last posted its earnings results on Monday, October 28th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.12). Retail Opportunity Investments had a return on equity of 3.81% and a net margin of 16.59%. The business had revenue of $72.44 million for the quarter, compared to analysts’ expectations of $73.90 million. During the same quarter in the previous year, the firm earned $0.28 EPS. Retail Opportunity Investments’s revenue for the quarter was down 2.0% compared to the same quarter last year.
A number of research analysts recently issued reports on ROIC shares. Capital One Financial upgraded Retail Opportunity Investments from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $19.00 to $21.00 in a research note on Wednesday, October 23rd. BidaskClub cut Retail Opportunity Investments from a “hold” rating to a “sell” rating in a research note on Monday, November 25th. Finally, Zacks Investment Research downgraded Retail Opportunity Investments from a “hold” rating to a “sell” rating in a report on Thursday, November 28th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $19.50.
In other Retail Opportunity Investments news, COO Richard K. Schoebel sold 54,325 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $86.51, for a total transaction of $4,699,655.75. Also, COO Richard K. Schoebel sold 6,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $18.08, for a total transaction of $108,480.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 133,600 shares of company stock valued at $6,170,647. 2.50% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of ROIC. Centersquare Investment Management LLC boosted its holdings in Retail Opportunity Investments by 118.5% during the second quarter. Centersquare Investment Management LLC now owns 2,478,300 shares of the real estate investment trust’s stock worth $42,453,000 after buying an additional 1,344,029 shares in the last quarter. Jennison Associates LLC increased its stake in shares of Retail Opportunity Investments by 12.2% during the 2nd quarter. Jennison Associates LLC now owns 2,157,598 shares of the real estate investment trust’s stock worth $36,960,000 after purchasing an additional 235,011 shares in the last quarter. Northern Trust Corp increased its stake in shares of Retail Opportunity Investments by 2.8% during the 2nd quarter. Northern Trust Corp now owns 2,108,834 shares of the real estate investment trust’s stock worth $36,125,000 after purchasing an additional 56,820 shares in the last quarter. Capital Growth Management LP raised its position in shares of Retail Opportunity Investments by 125.7% during the 2nd quarter. Capital Growth Management LP now owns 2,065,000 shares of the real estate investment trust’s stock worth $35,373,000 after purchasing an additional 1,150,000 shares during the last quarter. Finally, Morgan Stanley lifted its stake in Retail Opportunity Investments by 208.5% in the 2nd quarter. Morgan Stanley now owns 2,045,992 shares of the real estate investment trust’s stock valued at $35,046,000 after buying an additional 1,382,694 shares in the last quarter. Hedge funds and other institutional investors own 91.50% of the company’s stock.
Shares of ROIC traded down $0.06 during midday trading on Tuesday, reaching $17.81. 30,557 shares of the stock were exchanged, compared to its average volume of 898,823. The business’s 50-day moving average price is $18.36 and its 200 day moving average price is $17.87. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.44 and a quick ratio of 2.44. Retail Opportunity Investments has a twelve month low of $15.44 and a twelve month high of $19.18. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 15.68, a PEG ratio of 5.23 and a beta of 0.67.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be issued a dividend of $0.197 per share. This represents a $0.79 dividend on an annualized basis and a dividend yield of 4.42%. The ex-dividend date is Friday, December 13th. Retail Opportunity Investments’s dividend payout ratio is currently 69.30%.
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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