Retail Opportunity Investments Corp. (NASDAQ:ROIC) Expected to Post Q3 2022 Earnings of $0.27 Per Share

Retail Opportunity Investments Corp. (NASDAQ:ROICGet Rating) – Equities researchers at KeyCorp lifted their Q3 2022 earnings per share estimates for shares of Retail Opportunity Investments in a report released on Wednesday, April 27th. KeyCorp analyst T. Thomas now forecasts that the real estate investment trust will post earnings of $0.27 per share for the quarter, up from their previous forecast of $0.26. KeyCorp also issued estimates for Retail Opportunity Investments’ Q4 2022 earnings at $0.28 EPS, FY2022 earnings at $1.09 EPS, Q4 2023 earnings at $0.30 EPS and FY2023 earnings at $1.16 EPS.

ROIC has been the topic of a number of other reports. 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 upped 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 note on Thursday, April 7th. TheStreet upgraded shares of Retail Opportunity Investments from a “c+” rating to a “b-” rating in a research note on Monday, April 25th. StockNews.com assumed coverage on shares of Retail Opportunity Investments in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Capital One Financial restated an “equal weight” rating on shares of Retail Opportunity Investments in a research note on Monday, April 18th. 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 company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $20.00.

ROIC stock opened at $18.63 on Monday. The company’s 50 day moving average price is $18.95 and its 200 day moving average price is $18.70. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.46 and a current ratio of 1.58. Retail Opportunity Investments has a fifty-two week low of $16.47 and a fifty-two week high of $20.09. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of 39.64, a PEG ratio of 3.32 and a beta of 1.45.

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

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

Hedge funds have recently modified their holdings of the company. CWM LLC acquired a new position in Retail Opportunity Investments during the 4th quarter worth $30,000. Point72 Hong Kong Ltd bought a new stake in shares of Retail Opportunity Investments during the 4th quarter worth $52,000. Acadian Asset Management LLC acquired a new stake in shares of Retail Opportunity Investments in the fourth quarter worth $77,000. Van ECK Associates Corp boosted its stake in Retail Opportunity Investments by 18.2% during the third quarter. Van ECK Associates Corp now owns 5,543 shares of the real estate investment trust’s stock worth $97,000 after buying an additional 853 shares in the last quarter. Finally, LPL Financial LLC acquired a new stake in Retail Opportunity Investments during the third quarter worth $176,000. 97.47% of the stock is currently owned by institutional investors and hedge funds.

About Retail Opportunity Investments (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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