Retail Opportunity Investments Corp. (NASDAQ:ROIC) to Post Q3 2018 Earnings of $0.31 Per Share, DA Davidson Forecasts

Retail Opportunity Investments Corp. (NASDAQ:ROIC) – Equities researchers at DA Davidson raised their Q3 2018 earnings per share (EPS) estimates for Retail Opportunity Investments Corp. in a research note issued to investors on Thursday, according to Zacks Investment Research. DA Davidson analyst J. Lykins now forecasts that the real estate investment trust will earn $0.31 per share for the quarter, up from their previous forecast of $0.30.

Other research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Retail Opportunity Investments Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. BidaskClub raised shares of Retail Opportunity Investments Corp. from a “sell” rating to a “hold” rating in a research note on Sunday, July 16th. KeyCorp reissued a “neutral” rating on shares of Retail Opportunity Investments Corp. in a research note on Tuesday, October 24th. Jefferies Group LLC set a $20.00 price objective on shares of Retail Opportunity Investments Corp. and gave the stock a “hold” rating in a research note on Tuesday, October 31st. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $23.00 price objective on shares of Retail Opportunity Investments Corp. in a research note on Thursday, July 27th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $22.00.

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Retail Opportunity Investments Corp. (NASDAQ:ROIC) opened at $19.01 on Friday. Retail Opportunity Investments Corp. has a one year low of $17.87 and a one year high of $22.37. The firm has a market cap of $2,085.97, a P/E ratio of 17.13, a P/E/G ratio of 2.53 and a beta of 0.66. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.64 and a current ratio of 1.64.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last released its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.21). Retail Opportunity Investments Corp. had a return on equity of 2.86% and a net margin of 14.13%. The firm had revenue of $67.97 million for the quarter, compared to the consensus estimate of $68.34 million. During the same period in the previous year, the business earned $0.26 EPS. The firm’s revenue was up 14.5% compared to the same quarter last year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Riverhead Capital Management LLC lifted its stake in Retail Opportunity Investments Corp. by 55.9% in the second quarter. Riverhead Capital Management LLC now owns 7,327 shares of the real estate investment trust’s stock valued at $141,000 after buying an additional 2,627 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in Retail Opportunity Investments Corp. by 15.5% in the second quarter. Daiwa Securities Group Inc. now owns 9,700 shares of the real estate investment trust’s stock valued at $186,000 after buying an additional 1,300 shares in the last quarter. Shelton Capital Management lifted its stake in Retail Opportunity Investments Corp. by 5.6% in the second quarter. Shelton Capital Management now owns 10,858 shares of the real estate investment trust’s stock valued at $208,000 after buying an additional 579 shares in the last quarter. SG Americas Securities LLC lifted its stake in Retail Opportunity Investments Corp. by 77.6% in the second quarter. SG Americas Securities LLC now owns 10,965 shares of the real estate investment trust’s stock valued at $210,000 after buying an additional 4,790 shares in the last quarter. Finally, Flinton Capital Management LLC lifted its stake in Retail Opportunity Investments Corp. by 56.4% in the second quarter. Flinton Capital Management LLC now owns 11,564 shares of the real estate investment trust’s stock valued at $222,000 after buying an additional 4,172 shares in the last quarter. 94.93% of the stock is currently owned by hedge funds and other institutional investors.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, December 14th will be paid a $0.188 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date of this dividend is Wednesday, December 13th. Retail Opportunity Investments Corp.’s payout ratio is currently 220.59%.

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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