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.
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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