Brokerages Expect Retail Opportunity Investments Corp (ROIC) Will Post Earnings of $0.28 Per Share

Equities research analysts expect Retail Opportunity Investments Corp (NASDAQ:ROIC) to report $0.28 earnings per share (EPS) for the current quarter, Zacks reports. Six analysts have made estimates for Retail Opportunity Investments’ earnings, with the highest EPS estimate coming in at $0.29 and the lowest estimate coming in at $0.27. Retail Opportunity Investments reported earnings per share of $0.27 during the same quarter last year, which would indicate a positive year-over-year growth rate of 3.7%. The firm is scheduled to issue its next earnings report on Wednesday, July 24th.

According to Zacks, analysts expect that Retail Opportunity Investments will report full-year earnings of $1.14 per share for the current fiscal year, with EPS estimates ranging from $1.13 to $1.15. For the next financial year, analysts forecast that the business will report earnings of $1.17 per share, with EPS estimates ranging from $1.15 to $1.18. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Retail Opportunity Investments.

Retail Opportunity Investments (NASDAQ:ROIC) last released its quarterly earnings results on Wednesday, April 24th. The real estate investment trust reported $0.29 EPS for the quarter, meeting analysts’ consensus estimates of $0.29. Retail Opportunity Investments had a return on equity of 3.46% and a net margin of 15.22%. The firm had revenue of $76.05 million for the quarter, compared to analyst estimates of $75.31 million. During the same quarter in the previous year, the company posted $0.30 EPS. The business’s revenue was up 2.2% on a year-over-year basis.

Several equities research analysts recently commented on the company. BidaskClub lowered Retail Opportunity Investments from a “hold” rating to a “sell” rating in a research report on Wednesday, February 20th. Zacks Investment Research lowered Retail Opportunity Investments from a “hold” rating to a “sell” rating in a research report on Thursday, April 18th. Finally, BMO Capital Markets restated a “hold” rating and set a $18.00 target price on shares of Retail Opportunity Investments in a research report on Tuesday, February 19th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $18.00.

Shares of Retail Opportunity Investments stock opened at $17.13 on Monday. Retail Opportunity Investments has a one year low of $15.44 and a one year high of $19.80. The company has a debt-to-equity ratio of 1.14, a quick ratio of 2.13 and a current ratio of 2.13. The stock has a market cap of $1.91 billion, a P/E ratio of 15.03, a price-to-earnings-growth ratio of 3.49 and a beta of 0.72.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, June 13th will be given a dividend of $0.197 per share. The ex-dividend date of this dividend is Wednesday, June 12th. This represents a $0.79 annualized dividend and a dividend yield of 4.60%. Retail Opportunity Investments’s payout ratio is 69.30%.

Several institutional investors have recently made changes to their positions in ROIC. Lindbrook Capital LLC bought a new stake in shares of Retail Opportunity Investments during the 4th quarter valued at about $27,000. First Hawaiian Bank bought a new position in Retail Opportunity Investments in the first quarter worth approximately $32,000. Oregon Public Employees Retirement Fund bought a new position in Retail Opportunity Investments in the fourth quarter worth approximately $43,000. Cresset Asset Management LLC bought a new position in Retail Opportunity Investments in the first quarter worth approximately $46,000. Finally, PNC Financial Services Group Inc. boosted its holdings in Retail Opportunity Investments by 23.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,197 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 603 shares in the last quarter. Institutional investors own 92.00% 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 March 31, 2019, ROIC owned 90 shopping centers encompassing approximately 10.3 million square feet.

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

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