Zacks: Analysts Anticipate Retail Opportunity Investments Corp (NASDAQ:ROIC) to Post $0.28 EPS

Wall Street brokerages expect Retail Opportunity Investments Corp (NASDAQ:ROIC) to report earnings of $0.28 per share for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Retail Opportunity Investments’ earnings, with the lowest EPS estimate coming in at $0.27 and the highest estimate coming in at $0.29. Retail Opportunity Investments posted earnings of $0.27 per share in the same quarter last year, which indicates a positive year over year growth rate of 3.7%. The company is scheduled to announce its next quarterly earnings report after the market closes 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 financial year, with EPS estimates ranging from $1.12 to $1.15. For the next financial year, analysts forecast that the firm will report earnings of $1.16 per share, with EPS estimates ranging from $1.14 to $1.18. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Retail Opportunity Investments.

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

Several brokerages have weighed in on ROIC. BidaskClub upgraded Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research note on Friday, May 3rd. Zacks Investment Research upgraded Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. Six investment analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and an average target price of $18.00.

Shares of ROIC stock opened at $17.13 on Wednesday. The company has a 50 day moving average of $17.24. Retail Opportunity Investments has a twelve month low of $15.44 and a twelve month high of $19.80. The stock has a market cap of $1.96 billion, a P/E ratio of 15.03, a P/E/G ratio of 3.48 and a beta of 0.72. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 1.14.

The business also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Thursday, June 13th were paid a $0.197 dividend. The ex-dividend date of this dividend was Wednesday, June 12th. This represents a $0.79 annualized dividend and a dividend yield of 4.60%. Retail Opportunity Investments’s dividend payout ratio (DPR) is currently 69.30%.

Hedge funds have recently made changes to their positions in the business. Texas Permanent School Fund grew its stake in shares of Retail Opportunity Investments by 5.1% in the 4th quarter. Texas Permanent School Fund now owns 74,590 shares of the real estate investment trust’s stock valued at $1,184,000 after purchasing an additional 3,632 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Retail Opportunity Investments by 9.5% in the 4th quarter. Geode Capital Management LLC now owns 1,602,715 shares of the real estate investment trust’s stock valued at $25,451,000 after buying an additional 138,664 shares during the period. BlackRock Inc. lifted its holdings in shares of Retail Opportunity Investments by 3.0% in the 4th quarter. BlackRock Inc. now owns 19,898,702 shares of the real estate investment trust’s stock valued at $315,992,000 after buying an additional 573,022 shares during the period. Thompson Siegel & Walmsley LLC lifted its holdings in shares of Retail Opportunity Investments by 9.9% in the 1st quarter. Thompson Siegel & Walmsley LLC now owns 881,084 shares of the real estate investment trust’s stock valued at $15,278,000 after buying an additional 79,247 shares during the period. Finally, Oregon Public Employees Retirement Fund lifted its holdings in shares of Retail Opportunity Investments by 1.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 44,146 shares of the real estate investment trust’s stock valued at $765,000 after buying an additional 797 shares during the period. Institutional investors own 92.00% of the company’s stock.

Retail Opportunity Investments Company Profile

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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