Retail Opportunity Investments (NASDAQ:ROIC – Get Rating) updated its FY22 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $1.04-1.10 for the period, compared to the Thomson Reuters consensus estimate of $1.05. Retail Opportunity Investments also updated its FY 2022 guidance to $1.040-$1.100 EPS.
Several equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Retail Opportunity Investments from a sell rating to a hold rating in a research note on Friday, March 4th. Wells Fargo & Company lifted their price target on shares of Retail Opportunity Investments from $17.00 to $19.00 and gave the stock an underweight rating in a research note on Thursday, April 7th. Capital One Financial reiterated an equal weight rating on shares of Retail Opportunity Investments in a research note on Monday, April 18th. Finally, StockNews.com initiated coverage on shares of Retail Opportunity Investments in a research note on Thursday, March 31st. They set a hold rating on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $20.00.
NASDAQ ROIC traded up $0.05 during trading on Monday, reaching $19.59. The company’s stock had a trading volume of 943,182 shares, compared to its average volume of 1,083,693. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.46 and a current ratio of 1.46. The firm has a market cap of $2.41 billion, a price-to-earnings ratio of 44.52, a P/E/G ratio of 3.34 and a beta of 1.45. Retail Opportunity Investments has a twelve month low of $16.47 and a twelve month high of $20.09. The business’s fifty day moving average price is $18.87 and its 200-day moving average price is $18.67.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 8th. Shareholders of record on Friday, March 18th were paid a $0.13 dividend. The ex-dividend date of this dividend was Thursday, March 17th. This is a positive change from Retail Opportunity Investments’s previous quarterly dividend of $0.11. This represents a $0.52 dividend on an annualized basis and a yield of 2.65%. Retail Opportunity Investments’s payout ratio is currently 118.18%.
Several large investors have recently modified their holdings of the company. State of Tennessee Treasury Department boosted its holdings in shares of Retail Opportunity Investments by 1.1% in the fourth 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 acquiring an additional 723 shares in the last quarter. Vident Investment Advisory LLC boosted its holdings in shares of Retail Opportunity Investments by 3.3% in the fourth quarter. Vident Investment Advisory LLC now owns 111,028 shares of the real estate investment trust’s stock valued at $2,176,000 after acquiring an additional 3,500 shares in the last quarter. California State Teachers Retirement System boosted its holdings in Retail Opportunity Investments by 3.8% during the fourth quarter. California State Teachers Retirement System now owns 167,475 shares of the real estate investment trust’s stock worth $3,283,000 after buying an additional 6,180 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in Retail Opportunity Investments by 3.0% during the fourth quarter. Alliancebernstein L.P. now owns 245,299 shares of the real estate investment trust’s stock worth $4,808,000 after buying an additional 7,079 shares in the last quarter. Finally, LPL Financial LLC purchased a new stake in Retail Opportunity Investments during the third quarter worth about $176,000. 97.47% of the stock is currently owned by institutional investors and hedge funds.
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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