Retail Opportunity Investments Corp. (NASDAQ:ROIC) Expected to Announce Earnings of $0.26 Per Share

Wall Street brokerages expect that Retail Opportunity Investments Corp. (NASDAQ:ROICGet Rating) will post $0.26 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Retail Opportunity Investments’ earnings. Retail Opportunity Investments posted earnings of $0.25 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 4%. The firm is expected to issue its next earnings results on Monday, January 1st.

On average, analysts expect that Retail Opportunity Investments will report full year earnings of $1.07 per share for the current financial year, with EPS estimates ranging from $1.05 to $1.09. For the next financial year, analysts expect that the business will report earnings of $1.13 per share, with EPS estimates ranging from $1.10 to $1.16. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Retail Opportunity Investments.

Retail Opportunity Investments (NASDAQ:ROICGet Rating) last released its quarterly earnings data on Monday, April 25th. The real estate investment trust reported $0.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.02. The firm had revenue of $75.04 million for the quarter, compared to analyst estimates of $73.21 million. Retail Opportunity Investments had a net margin of 19.81% and a return on equity of 4.26%. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.24 EPS.

Several analysts have commented on ROIC shares. TheStreet raised shares of Retail Opportunity Investments from a “c+” rating to a “b-” rating in a research report on Monday, April 25th. Capital One Financial reissued an “equal weight” rating on shares of Retail Opportunity Investments in a research report on Monday, April 18th. 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. Wells Fargo & Company boosted their target price on shares of Retail Opportunity Investments from $17.00 to $19.00 and gave the stock an “underweight” rating in a research report on Thursday, April 7th. Finally, StockNews.com started coverage on shares of Retail Opportunity Investments in a research report on Thursday, March 31st. They issued a “hold” rating for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Retail Opportunity Investments presently has a consensus rating of “Hold” and a consensus price target of $20.00.

ROIC stock opened at $18.63 on Friday. The company has a quick ratio of 1.46, a current ratio of 1.58 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $2.31 billion, a price-to-earnings ratio of 39.64, a P/E/G ratio of 3.32 and a beta of 1.45. Retail Opportunity Investments has a 12 month low of $16.47 and a 12 month high of $20.09. The firm has a 50 day moving average of $18.95 and a two-hundred day moving average of $18.69.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 8th. Investors of record on Friday, June 17th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.79%. The ex-dividend date is Thursday, June 16th. Retail Opportunity Investments’s dividend payout ratio is currently 110.64%.

A number of institutional investors have recently modified their holdings of the business. Silvercrest Asset Management Group LLC boosted its holdings in Retail Opportunity Investments by 0.9% in 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 purchasing an additional 604 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in shares of Retail Opportunity Investments by 0.8% in 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 raised its stake in shares of Retail Opportunity Investments by 2.2% in 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 raised its stake in shares of Retail Opportunity Investments by 1.1% in 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 increased its position 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 worth $97,000 after purchasing an additional 853 shares in the last quarter. 97.47% of the stock is owned by hedge funds and other institutional investors.

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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Earnings History and Estimates for Retail Opportunity Investments (NASDAQ:ROIC)

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