Equities analysts forecast that Retail Opportunity Investments Corp (NASDAQ:ROIC) will report earnings per share of $0.29 for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Retail Opportunity Investments’ earnings. The highest EPS estimate is $0.30 and the lowest is $0.28. Retail Opportunity Investments also reported earnings per share of $0.29 during the same quarter last year. The company is expected to issue its next quarterly earnings report after the market closes on Tuesday, October 23rd.

According to Zacks, analysts expect that Retail Opportunity Investments will report full year earnings of $1.16 per share for the current fiscal year, with EPS estimates ranging from $1.15 to $1.18. For the next year, analysts expect that the firm will report earnings of $1.21 per share, with EPS estimates ranging from $1.19 to $1.23. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Retail Opportunity Investments.

Retail Opportunity Investments (NASDAQ:ROIC) last posted its quarterly earnings results on Wednesday, July 25th. The real estate investment trust reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.23). Retail Opportunity Investments had a return on equity of 2.90% and a net margin of 13.23%. The business had revenue of $72.34 million for the quarter, compared to analyst estimates of $73.23 million. During the same period last year, the firm posted $0.27 EPS. Retail Opportunity Investments’s quarterly revenue was up 8.6% on a year-over-year basis.

A number of equities analysts have recently commented on the company. ValuEngine cut Retail Opportunity Investments from a “hold” rating to a “sell” rating in a report on Monday, July 16th. Zacks Investment Research cut Retail Opportunity Investments from a “hold” rating to a “sell” rating in a report on Thursday, July 5th. BidaskClub raised Retail Opportunity Investments from a “sell” rating to a “hold” rating in a report on Thursday, August 2nd. Wells Fargo & Co boosted their price target on Retail Opportunity Investments from $16.50 to $18.00 and gave the stock a “market perform” rating in a report on Tuesday, July 31st. Finally, BMO Capital Markets assumed coverage on Retail Opportunity Investments in a report on Tuesday. They set a “hold” rating and a $20.00 price target for the company. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. Retail Opportunity Investments currently has a consensus rating of “Hold” and a consensus price target of $19.69.

A number of institutional investors and hedge funds have recently modified their holdings of ROIC. Ceredex Value Advisors LLC acquired a new position in Retail Opportunity Investments in the 1st quarter worth about $94,643,000. BlackRock Inc. increased its holdings in Retail Opportunity Investments by 9.9% in the 2nd quarter. BlackRock Inc. now owns 19,207,417 shares of the real estate investment trust’s stock worth $368,014,000 after purchasing an additional 1,735,231 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Retail Opportunity Investments by 131.4% in the 1st quarter. Wells Fargo & Company MN now owns 1,712,531 shares of the real estate investment trust’s stock worth $30,261,000 after purchasing an additional 972,575 shares in the last quarter. Raymond James & Associates increased its holdings in Retail Opportunity Investments by 75.6% in the 2nd quarter. Raymond James & Associates now owns 1,785,904 shares of the real estate investment trust’s stock worth $34,218,000 after purchasing an additional 768,810 shares in the last quarter. Finally, First Foundation Advisors increased its holdings in Retail Opportunity Investments by 31.0% in the 1st quarter. First Foundation Advisors now owns 2,509,767 shares of the real estate investment trust’s stock worth $44,347,000 after purchasing an additional 593,734 shares in the last quarter.

Shares of Retail Opportunity Investments stock traded down $0.20 during trading on Tuesday, reaching $18.88. 883,300 shares of the company’s stock were exchanged, compared to its average volume of 1,114,504. The company has a debt-to-equity ratio of 1.17, a quick ratio of 3.74 and a current ratio of 3.74. Retail Opportunity Investments has a 1-year low of $16.17 and a 1-year high of $20.14. The stock has a market capitalization of $2.12 billion, a P/E ratio of 16.56, a price-to-earnings-growth ratio of 2.64 and a beta of 0.56.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 27th. Shareholders of record on Thursday, September 13th will be issued a $0.195 dividend. The ex-dividend date is Wednesday, September 12th. This represents a $0.78 dividend on an annualized basis and a yield of 4.13%. Retail Opportunity Investments’s payout ratio is presently 68.42%.

About Retail Opportunity Investments

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 June 30, 2018, ROIC owned 92 shopping centers encompassing approximately 10.6 million square feet.

Read More: Earnings Per Share

Get a free copy of the Zacks research report on Retail Opportunity Investments (ROIC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Retail Opportunity Investments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Retail Opportunity Investments and related companies with MarketBeat.com's FREE daily email newsletter.