Retail Opportunity Investments Corp. (NASDAQ:ROIC) – Stock analysts at Capital One Financial increased their Q4 2022 earnings estimates for Retail Opportunity Investments in a research note issued on Wednesday, September 22nd. Capital One Financial analyst C. Lucas now forecasts that the real estate investment trust will earn $0.28 per share for the quarter, up from their previous estimate of $0.27. Capital One Financial also issued estimates for Retail Opportunity Investments’ FY2023 earnings at $1.14 EPS.
Retail Opportunity Investments (NASDAQ:ROIC) last released its earnings results on Wednesday, July 28th. The real estate investment trust reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.08. Retail Opportunity Investments had a return on equity of 3.03% and a net margin of 13.89%.
NASDAQ ROIC opened at $17.71 on Thursday. Retail Opportunity Investments has a 12 month low of $9.66 and a 12 month high of $18.86. The stock has a market cap of $2.10 billion, a P/E ratio of 52.26, a P/E/G ratio of 4.86 and a beta of 1.53. The stock’s fifty day moving average price is $17.59 and its 200-day moving average price is $17.44. The company has a current ratio of 3.28, a quick ratio of 3.28 and a debt-to-equity ratio of 1.00.
Institutional investors have recently added to or reduced their stakes in the stock. Berman Capital Advisors LLC boosted its position in shares of Retail Opportunity Investments by 581.3% during the first quarter. Berman Capital Advisors LLC now owns 1,642 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 1,401 shares during the last quarter. Eaton Vance Management purchased a new position in Retail Opportunity Investments in the first quarter worth about $26,000. Dark Forest Capital Management LP purchased a new position in Retail Opportunity Investments in the second quarter worth about $28,000. William Blair Investment Management LLC purchased a new position in Retail Opportunity Investments in the second quarter worth about $31,000. Finally, Arkadios Wealth Advisors boosted its position in Retail Opportunity Investments by 306.1% in the second quarter. Arkadios Wealth Advisors now owns 2,274 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 1,714 shares during the last quarter. 94.88% of the stock is currently owned by institutional investors.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 8th. Investors of record on Friday, September 17th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, September 16th. This represents a $0.44 annualized dividend and a dividend yield of 2.48%. Retail Opportunity Investments’s dividend payout ratio (DPR) is presently 41.90%.
About Retail Opportunity Investments
Retail Opportunity Investments Corp. operates as a self-managed real estate investment trust. The company engages in the ownership, management, and redevelopment of retail real estate properties. It specializes in the acquisition, ownership and management of grocery-anchored shopping centers located in densely-populated, metropolitan markets across the West Coast.
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