Brokerages Expect Retail Opportunity Investments Corp (ROIC) to Announce $0.29 Earnings Per Share

Wall Street analysts expect Retail Opportunity Investments Corp (NASDAQ:ROIC) to post earnings of $0.29 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Retail Opportunity Investments’ earnings. The lowest EPS estimate is $0.28 and the highest is $0.30. Retail Opportunity Investments posted earnings of $0.30 per share during the same quarter last year, which suggests a negative year over year growth rate of 3.3%. The firm is scheduled to announce its next earnings results after the market closes on Wednesday, April 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 fiscal year, analysts expect that the company will post earnings of $1.16 per share, with EPS estimates ranging from $1.15 to $1.18. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Retail Opportunity Investments.

Retail Opportunity Investments (NASDAQ:ROIC) last posted its earnings results on Tuesday, February 19th. The real estate investment trust reported $0.29 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.29. Retail Opportunity Investments had a net margin of 14.45% and a return on equity of 3.25%. The company had revenue of $75.20 million during the quarter, compared to analysts’ expectations of $74.43 million. During the same quarter in the prior year, the company posted $0.30 earnings per share. Retail Opportunity Investments’s revenue for the quarter was up 3.3% compared to the same quarter last year.

A number of equities research analysts recently commented on the stock. Zacks Investment Research raised shares of Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research report on Wednesday, December 12th. BMO Capital Markets reissued a “hold” rating and set a $18.00 target price on shares of Retail Opportunity Investments in a research report on Tuesday, February 19th. Finally, BidaskClub raised shares of Retail Opportunity Investments from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. Three research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. Retail Opportunity Investments currently has an average rating of “Hold” and an average price target of $17.67.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. raised its holdings in shares of Retail Opportunity Investments by 3.0% in the fourth quarter. BlackRock Inc. now owns 19,898,702 shares of the real estate investment trust’s stock worth $315,992,000 after buying an additional 573,022 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Retail Opportunity Investments by 1.2% in the third quarter. Vanguard Group Inc. now owns 16,527,485 shares of the real estate investment trust’s stock worth $308,568,000 after buying an additional 192,287 shares during the last quarter. Vanguard Group Inc raised its holdings in shares of Retail Opportunity Investments by 1.2% during the third quarter. Vanguard Group Inc now owns 16,527,485 shares of the real estate investment trust’s stock worth $308,568,000 after purchasing an additional 192,287 shares during the last quarter. Federated Investors Inc. PA purchased a new position in shares of Retail Opportunity Investments during the third quarter worth $47,532,000. Finally, Jennison Associates LLC raised its holdings in shares of Retail Opportunity Investments by 0.9% during the fourth quarter. Jennison Associates LLC now owns 1,951,190 shares of the real estate investment trust’s stock worth $30,985,000 after purchasing an additional 18,238 shares during the last quarter. 94.19% of the stock is owned by institutional investors and hedge funds.

NASDAQ:ROIC opened at $17.34 on Wednesday. Retail Opportunity Investments has a 52 week low of $15.44 and a 52 week high of $19.80. The company has a debt-to-equity ratio of 1.13, a current ratio of 3.51 and a quick ratio of 3.51. The company has a market cap of $1.99 billion, a P/E ratio of 15.26, a PEG ratio of 3.63 and a beta of 0.72.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a $0.197 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $0.79 dividend on an annualized basis and a dividend yield of 4.54%. This is a boost from Retail Opportunity Investments’s previous quarterly dividend of $0.20. Retail Opportunity Investments’s dividend payout ratio (DPR) is currently 69.30%.

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 December 31, 2018, ROIC owned 91 shopping centers encompassing approximately 10.5 million square feet.

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

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