Equities analysts predict that Retail Opportunity Investments Corp (NASDAQ:ROIC) will announce earnings per share of $0.29 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Retail Opportunity Investments’ earnings, with the highest EPS estimate coming in at $0.30 and the lowest estimate coming in at $0.28. Retail Opportunity Investments also posted earnings per share of $0.29 in the same quarter last year. The business is expected to announce its next earnings results on Tuesday, February 18th.

According to Zacks, analysts expect that Retail Opportunity Investments will report full year earnings of $1.12 per share for the current fiscal year, with EPS estimates ranging from $1.10 to $1.13. For the next financial year, analysts anticipate that the company will post earnings of $1.15 per share, with EPS estimates ranging from $1.13 to $1.16. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that that provide coverage for Retail Opportunity Investments.

Retail Opportunity Investments (NASDAQ:ROIC) last announced its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.12). The company had revenue of $72.44 million during the quarter, compared to analysts’ expectations of $73.90 million. Retail Opportunity Investments had a net margin of 16.59% and a return on equity of 3.81%. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.28 earnings per share.

Several research firms have recently weighed in on ROIC. DA Davidson reissued a “buy” rating on shares of Retail Opportunity Investments in a report on Monday, July 29th. Capital One Financial raised Retail Opportunity Investments from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $19.00 to $21.00 in a report on Wednesday, October 23rd. BidaskClub downgraded Retail Opportunity Investments from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. BMO Capital Markets set a $18.00 price objective on Retail Opportunity Investments and gave the company a “hold” rating in a report on Wednesday, July 24th. Finally, Zacks Investment Research raised Retail Opportunity Investments from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $19.50.

In other news, COO Richard K. Schoebel sold 6,000 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $18.08, for a total value of $108,480.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Richard A. Baker sold 50,000 shares of the stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $18.66, for a total value of $933,000.00. Following the sale, the chairman now directly owns 273,026 shares of the company’s stock, valued at $5,094,665.16. The disclosure for this sale can be found here. Insiders sold 69,275 shares of company stock valued at $1,289,192 over the last three months. Corporate insiders own 2.50% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Centersquare Investment Management LLC lifted its holdings in shares of Retail Opportunity Investments by 118.5% during the second quarter. Centersquare Investment Management LLC now owns 2,478,300 shares of the real estate investment trust’s stock worth $42,453,000 after purchasing an additional 1,344,029 shares during the period. Jennison Associates LLC lifted its holdings in shares of Retail Opportunity Investments by 12.2% during the second quarter. Jennison Associates LLC now owns 2,157,598 shares of the real estate investment trust’s stock worth $36,960,000 after purchasing an additional 235,011 shares during the period. Northern Trust Corp lifted its holdings in shares of Retail Opportunity Investments by 2.8% during the second quarter. Northern Trust Corp now owns 2,108,834 shares of the real estate investment trust’s stock worth $36,125,000 after purchasing an additional 56,820 shares during the period. Capital Growth Management LP lifted its holdings in shares of Retail Opportunity Investments by 125.7% during the second quarter. Capital Growth Management LP now owns 2,065,000 shares of the real estate investment trust’s stock worth $35,373,000 after purchasing an additional 1,150,000 shares during the period. Finally, Morgan Stanley lifted its holdings in shares of Retail Opportunity Investments by 208.5% during the second quarter. Morgan Stanley now owns 2,045,992 shares of the real estate investment trust’s stock worth $35,046,000 after purchasing an additional 1,382,694 shares during the period. 94.59% of the stock is owned by hedge funds and other institutional investors.

Retail Opportunity Investments stock traded up $0.20 during mid-day trading on Friday, hitting $18.32. The company had a trading volume of 1,771,300 shares, compared to its average volume of 921,029. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of 16.07, a PEG ratio of 5.23 and a beta of 0.69. Retail Opportunity Investments has a 1 year low of $15.44 and a 1 year high of $19.18. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 1.10. The business has a fifty day moving average of $18.42 and a 200 day moving average of $17.83.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be issued a $0.197 dividend. This represents a $0.79 annualized dividend and a dividend yield of 4.30%. The ex-dividend date of this dividend is Friday, December 13th. Retail Opportunity Investments’s payout ratio 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 March 31, 2019, ROIC owned 90 shopping centers encompassing approximately 10.3 million square feet.

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

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