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.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Retail Opportunity Investments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Retail Opportunity Investments and related companies with MarketBeat.com's FREE daily email newsletter.