Retail Opportunity Investments (ROIC) Set to Announce Quarterly Earnings on Tuesday

Retail Opportunity Investments (NASDAQ:ROIC) is set to issue its quarterly earnings data after the market closes on Tuesday, April 23rd. Analysts expect the company to announce earnings of $0.26 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Retail Opportunity Investments (NASDAQ:ROIC) last announced its quarterly earnings data on Thursday, February 15th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.21). Retail Opportunity Investments had a net margin of 10.54% and a return on equity of 2.53%. The company had revenue of $84.60 million for the quarter, compared to the consensus estimate of $81.09 million. During the same quarter in the previous year, the business earned $0.27 EPS. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, analysts expect Retail Opportunity Investments to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Retail Opportunity Investments Trading Down 0.9 %

NASDAQ:ROIC opened at $12.32 on Tuesday. Retail Opportunity Investments has a one year low of $10.98 and a one year high of $15.16. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.38 and a current ratio of 1.38. The firm has a market cap of $1.57 billion, a P/E ratio of 45.63 and a beta of 1.42. The firm has a 50-day simple moving average of $12.81 and a 200-day simple moving average of $12.91.

Retail Opportunity Investments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were issued a $0.15 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.60 annualized dividend and a dividend yield of 4.87%. Retail Opportunity Investments’s dividend payout ratio is currently 222.23%.

Analyst Ratings Changes

Several research analysts recently commented on ROIC shares. Bank of America reiterated an “underperform” rating and set a $12.00 price objective (down previously from $14.50) on shares of Retail Opportunity Investments in a research note on Friday, April 5th. StockNews.com upgraded shares of Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. Finally, KeyCorp upgraded shares of Retail Opportunity Investments from a “sector weight” rating to an “overweight” rating and set a $16.00 price objective for the company in a research note on Friday, January 5th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Retail Opportunity Investments presently has a consensus rating of “Hold” and an average target price of $14.75.

Institutional Trading of Retail Opportunity Investments

Large investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC boosted its holdings in shares of Retail Opportunity Investments by 189.7% in the 1st quarter. Tower Research Capital LLC TRC now owns 2,497 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 1,635 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Retail Opportunity Investments in the 4th quarter valued at $92,000. UBS Group AG boosted its holdings in shares of Retail Opportunity Investments by 116.3% in the 4th quarter. UBS Group AG now owns 6,294 shares of the real estate investment trust’s stock valued at $95,000 after acquiring an additional 44,883 shares during the last quarter. Ameritas Investment Partners Inc. boosted its holdings in shares of Retail Opportunity Investments by 8.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 10,172 shares of the real estate investment trust’s stock valued at $137,000 after acquiring an additional 760 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Retail Opportunity Investments by 17.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 10,211 shares of the real estate investment trust’s stock valued at $138,000 after acquiring an additional 1,528 shares during the last quarter. Hedge funds and other institutional investors own 97.16% of the company’s stock.

About Retail Opportunity Investments

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 December 31, 2023, ROIC owned 94 shopping centers encompassing approximately 10.6 million square feet.