Retail Opportunity Investments (NASDAQ:ROIC) Rating Reiterated by Capital One Financial

Retail Opportunity Investments (NASDAQ:ROICGet Rating)‘s stock had its “equal weight” rating restated by analysts at Capital One Financial in a research note issued to investors on Monday, Zacks.com reports. Capital One Financial also issued estimates for Retail Opportunity Investments’ Q1 2022 earnings at $0.25 EPS, FY2022 earnings at $1.07 EPS, Q1 2023 earnings at $0.27 EPS, Q2 2023 earnings at $0.26 EPS, Q3 2023 earnings at $0.28 EPS, Q4 2023 earnings at $0.28 EPS, FY2023 earnings at $1.10 EPS, Q1 2024 earnings at $0.28 EPS, FY2024 earnings at $1.13 EPS and FY2025 earnings at $1.18 EPS.

Several other research analysts have also recently issued reports on ROIC. StockNews.com initiated coverage on shares of Retail Opportunity Investments in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Zacks Investment Research upgraded shares of Retail Opportunity Investments from a “sell” rating to a “hold” rating in a report on Friday, March 4th. Finally, Wells Fargo & Company lifted their price target on shares of Retail Opportunity Investments from $17.00 to $19.00 and gave the company an “underweight” rating in a report on Thursday, April 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $20.00.

Shares of Retail Opportunity Investments stock opened at $19.52 on Monday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.46 and a current ratio of 1.46. Retail Opportunity Investments has a 52-week low of $16.47 and a 52-week high of $20.09. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of 44.36, a P/E/G ratio of 3.31 and a beta of 1.45. The company’s 50 day moving average price is $18.76 and its 200-day moving average price is $18.62.

Retail Opportunity Investments (NASDAQ:ROICGet Rating) last issued its earnings results on Tuesday, February 15th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.07. Retail Opportunity Investments had a net margin of 18.83% and a return on equity of 4.01%. The firm had revenue of $72.80 million for the quarter, compared to analysts’ expectations of $71.53 million. During the same quarter last year, the business earned $0.27 earnings per share. The business’s revenue was down .2% on a year-over-year basis. As a group, equities research analysts forecast that Retail Opportunity Investments will post 1.06 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the stock. Silvercrest Asset Management Group LLC boosted its holdings in shares of Retail Opportunity Investments by 0.9% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 70,482 shares of the real estate investment trust’s stock valued at $1,381,000 after buying an additional 604 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Retail Opportunity Investments by 0.8% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 75,061 shares of the real estate investment trust’s stock valued at $1,308,000 after buying an additional 611 shares in the last quarter. United Capital Financial Advisers LLC boosted its holdings in shares of Retail Opportunity Investments by 2.2% during the 3rd quarter. United Capital Financial Advisers LLC now owns 31,727 shares of the real estate investment trust’s stock valued at $553,000 after buying an additional 683 shares in the last quarter. State of Tennessee Treasury Department boosted its holdings in shares of Retail Opportunity Investments by 1.1% during the 4th quarter. State of Tennessee Treasury Department now owns 69,016 shares of the real estate investment trust’s stock valued at $1,353,000 after buying an additional 723 shares in the last quarter. Finally, Van ECK Associates Corp boosted its holdings in shares of Retail Opportunity Investments by 18.2% during the 3rd quarter. Van ECK Associates Corp now owns 5,543 shares of the real estate investment trust’s stock valued at $97,000 after buying an additional 853 shares in the last quarter. Institutional investors and hedge funds own 97.47% of the company’s stock.

Retail Opportunity Investments Company Profile (Get Rating)

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 September 30, 2020, ROIC owned 88 shopping centers encompassing approximately 10.1 million square feet.

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