Retail Opportunity Investments’ (ROIC) Equal Weight Rating Reiterated at Capital One Financial

Retail Opportunity Investments (NASDAQ:ROIC – Get Rating)‘s stock had its “equal weight” rating reaffirmed by investment analysts at Capital One Financial in a research report issued to clients and 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.

ROIC has been the subject of a number of other reports. Zacks Investment Research raised shares of Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research report on Friday, March 4th. StockNews.com assumed coverage on shares of Retail Opportunity Investments in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Wells Fargo & Company upped their price objective on shares of Retail Opportunity Investments from $17.00 to $19.00 and gave the company an “underweight” rating in a research report on Thursday, April 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Retail Opportunity Investments has an average rating of “Hold” and a consensus target price of $20.00.

ROIC stock opened at $19.52 on Monday. The company has a market cap of $2.40 billion, a price-to-earnings ratio of 44.36, a PEG ratio of 3.31 and a beta of 1.45. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.97. The business has a fifty day simple moving average of $18.76 and a 200-day simple moving average of $18.62. Retail Opportunity Investments has a 52 week low of $16.47 and a 52 week high of $20.09.

Retail Opportunity Investments (NASDAQ:ROIC – Get Rating) last announced its quarterly earnings results on Tuesday, February 15th. The real estate investment trust reported $0.07 earnings per share for the quarter, hitting analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $71.53 million. During the same period in the prior year, the company earned $0.27 EPS. The firm’s revenue was down .2% on a year-over-year basis. As a group, analysts expect that Retail Opportunity Investments will post 1.06 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the business. CWM LLC acquired a new stake in shares of Retail Opportunity Investments in the fourth quarter valued at approximately $30,000. Point72 Hong Kong Ltd acquired a new stake in shares of Retail Opportunity Investments in the fourth quarter valued at approximately $52,000. Acadian Asset Management LLC acquired a new stake in shares of Retail Opportunity Investments in the fourth quarter valued at approximately $77,000. Van ECK Associates Corp increased its stake in shares of Retail Opportunity Investments by 18.2% in the third quarter. Van ECK Associates Corp now owns 5,543 shares of the real estate investment trust’s stock valued at $97,000 after purchasing an additional 853 shares during the period. Finally, LPL Financial LLC bought a new position in shares of Retail Opportunity Investments in the third quarter valued at approximately $176,000. Institutional investors 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.

Read More