Wall Street brokerages expect Retail Opportunity Investments Corp. (NASDAQ:ROIC) to report $68.60 million in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Retail Opportunity Investments Corp.’s earnings. The lowest sales estimate is $66.08 million and the highest is $70.58 million. Retail Opportunity Investments Corp. reported sales of $59.35 million during the same quarter last year, which indicates a positive year over year growth rate of 15.6%. The business is expected to announce its next earnings report after the market closes on Tuesday, October 24th.

According to Zacks, analysts expect that Retail Opportunity Investments Corp. will report full year sales of $68.60 million for the current fiscal year, with estimates ranging from $265.31 million to $277.04 million. For the next fiscal year, analysts forecast that the business will report sales of $308.23 million per share, with estimates ranging from $287.49 million to $322.00 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover Retail Opportunity Investments Corp..

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last issued its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.27 EPS for the quarter, missing the consensus estimate of $0.28 by $0.01. The firm had revenue of $66.64 million for the quarter, compared to analysts’ expectations of $66.18 million. Retail Opportunity Investments Corp. had a net margin of 13.92% and a return on equity of 2.71%. Retail Opportunity Investments Corp.’s revenue was up 13.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.27 EPS.

A number of research firms have commented on ROIC. Zacks Investment Research upgraded shares of Retail Opportunity Investments Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday. KeyCorp restated a “hold” rating on shares of Retail Opportunity Investments Corp. in a research note on Friday, August 25th. Robert W. Baird restated a “buy” rating and set a $22.00 target price on shares of Retail Opportunity Investments Corp. in a research note on Thursday, August 24th. Royal Bank Of Canada upgraded shares of Retail Opportunity Investments Corp. from a “sector perform” rating to an “outperform” rating and set a $23.00 target price on the stock in a research note on Thursday, August 17th. Finally, Jefferies Group LLC restated a “buy” rating and set a $25.00 target price on shares of Retail Opportunity Investments Corp. in a research note on Tuesday, July 25th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Retail Opportunity Investments Corp. currently has a consensus rating of “Hold” and an average price target of $22.71.

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Several institutional investors have recently added to or reduced their stakes in ROIC. BlackRock Inc. raised its position in shares of Retail Opportunity Investments Corp. by 8,069.6% during the first quarter. BlackRock Inc. now owns 16,967,429 shares of the real estate investment trust’s stock valued at $356,825,000 after buying an additional 16,759,738 shares during the last quarter. RidgeWorth Capital Management LLC bought a new stake in shares of Retail Opportunity Investments Corp. during the first quarter valued at approximately $67,315,000. Deprince Race & Zollo Inc. bought a new stake in shares of Retail Opportunity Investments Corp. during the second quarter valued at approximately $32,598,000. Thompson Siegel & Walmsley LLC raised its position in shares of Retail Opportunity Investments Corp. by 49.2% during the second quarter. Thompson Siegel & Walmsley LLC now owns 2,277,673 shares of the real estate investment trust’s stock valued at $43,709,000 after buying an additional 750,851 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of Retail Opportunity Investments Corp. by 206.0% during the second quarter. Russell Investments Group Ltd. now owns 1,023,235 shares of the real estate investment trust’s stock valued at $19,635,000 after buying an additional 688,874 shares during the last quarter. Hedge funds and other institutional investors own 94.92% of the company’s stock.

Retail Opportunity Investments Corp. (ROIC) opened at 20.07 on Friday. The stock has a market cap of $2.20 billion, a PE ratio of 62.14 and a beta of 0.69. The company’s 50-day moving average is $20.15 and its 200 day moving average is $20.39. Retail Opportunity Investments Corp. has a 52 week low of $18.45 and a 52 week high of $22.63.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, September 14th will be given a dividend of $0.188 per share. The ex-dividend date of this dividend is Wednesday, September 13th. This represents a $0.75 annualized dividend and a dividend yield of 3.75%. This is a boost from Retail Opportunity Investments Corp.’s previous quarterly dividend of $0.19. Retail Opportunity Investments Corp.’s dividend payout ratio (DPR) is presently 227.28%.

Retail Opportunity Investments Corp. Company Profile

Retail Opportunity Investments Corp. (ROIC) is a fully integrated, self-managed real estate investment trust (REIT). The Company specializes in the acquisition, ownership and management of necessity-based community and neighborhood shopping centers on the west coast of the United States, anchored by supermarkets and drugstores.

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

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