Retail Opportunity Investments Corp. (ROIC) Receiving Somewhat Favorable Press Coverage, Analysis Shows
Headlines about Retail Opportunity Investments Corp. (NASDAQ:ROIC) have been trending somewhat positive on Wednesday, Accern reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Retail Opportunity Investments Corp. earned a news impact score of 0.12 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 46.1400226358835 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Retail Opportunity Investments Corp. (NASDAQ ROIC) traded up $0.15 during midday trading on Wednesday, reaching $19.73. 806,800 shares of the company’s stock traded hands, compared to its average volume of 900,188. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.06. The firm has a market cap of $2,148.52, a price-to-earnings ratio of 17.64, a price-to-earnings-growth ratio of 2.55 and a beta of 0.66. Retail Opportunity Investments Corp. has a 52 week low of $17.87 and a 52 week high of $22.37.
Retail Opportunity Investments Corp. (NASDAQ:ROIC) last posted its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.21). The company had revenue of $67.97 million during the quarter, compared to analyst estimates of $68.34 million. Retail Opportunity Investments Corp. had a return on equity of 2.86% and a net margin of 14.13%. The business’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.26 earnings per share. sell-side analysts forecast that Retail Opportunity Investments Corp. will post 1.13 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, December 14th will be issued a dividend of $0.188 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date of this dividend is Wednesday, December 13th. Retail Opportunity Investments Corp.’s payout ratio is 220.59%.
Several brokerages recently commented on ROIC. Zacks Investment Research downgraded shares of Retail Opportunity Investments Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Jefferies Group LLC downgraded shares of Retail Opportunity Investments Corp. from a “buy” rating to a “hold” rating and reduced their price target for the company from $25.00 to $21.00 in a research report on Friday, September 15th. Royal Bank Of Canada reiterated a “hold” rating and issued a $23.00 target price on shares of Retail Opportunity Investments Corp. in a research report on Thursday, July 27th. Citigroup Inc. cut their target price on shares of Retail Opportunity Investments Corp. from $20.50 to $20.00 and set a “neutral” rating for the company in a research report on Monday, October 30th. Finally, FBR & Co set a $23.00 target price on shares of Retail Opportunity Investments Corp. and gave the stock a “hold” rating in a research report on Wednesday, October 11th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $22.00.
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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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