Wall Street analysts expect Retail Opportunity Investments Corp (NASDAQ:ROIC) to report sales of $73.15 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Retail Opportunity Investments’ earnings, with the highest sales estimate coming in at $73.89 million and the lowest estimate coming in at $72.63 million. Retail Opportunity Investments posted sales of $65.90 million in the same quarter last year, which would indicate a positive year over year growth rate of 11%. The firm is expected to announce its next quarterly earnings report on Wednesday, April 25th.
According to Zacks, analysts expect that Retail Opportunity Investments will report full-year sales of $73.15 million for the current fiscal year, with estimates ranging from $290.95 million to $309.54 million. For the next year, analysts expect that the business will post sales of $324.64 million per share, with estimates ranging from $308.70 million to $340.73 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Retail Opportunity Investments.
Retail Opportunity Investments (NASDAQ:ROIC) last issued its earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. The company had revenue of $72.75 million for the quarter, compared to analysts’ expectations of $71.07 million. Retail Opportunity Investments had a net margin of 14.08% and a return on equity of 2.95%. The firm’s revenue was up 15.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.27 EPS.
A number of equities analysts recently commented on the stock. Zacks Investment Research cut shares of Retail Opportunity Investments from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Jefferies Group reiterated a “hold” rating and issued a $18.00 target price on shares of Retail Opportunity Investments in a research report on Tuesday, February 27th. Capital One Financial reiterated an “overweight” rating on shares of Retail Opportunity Investments in a research report on Monday, February 12th. Citigroup decreased their target price on shares of Retail Opportunity Investments from $20.00 to $18.50 and set a “neutral” rating on the stock in a research report on Wednesday, February 28th. Finally, BidaskClub cut shares of Retail Opportunity Investments from a “hold” rating to a “sell” rating in a research report on Saturday, January 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $21.50.
Shares of Retail Opportunity Investments (ROIC) traded up $0.07 during trading hours on Wednesday, reaching $17.63. 1,946,891 shares of the company were exchanged, compared to its average volume of 1,427,843. The stock has a market cap of $1,974.10, a PE ratio of 50.37, a PEG ratio of 2.47 and a beta of 0.63. Retail Opportunity Investments has a one year low of $16.21 and a one year high of $22.06. The company has a debt-to-equity ratio of 1.12, a quick ratio of 3.23 and a current ratio of 3.23.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be issued a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date of this dividend is Wednesday, March 14th. This is a positive change from Retail Opportunity Investments’s previous quarterly dividend of $0.19. Retail Opportunity Investments’s dividend payout ratio (DPR) is 214.29%.
A number of institutional investors have recently made changes to their positions in ROIC. FDx Advisors Inc. bought a new stake in Retail Opportunity Investments in the 4th quarter worth $221,000. Xact Kapitalforvaltning AB bought a new stake in Retail Opportunity Investments in the 4th quarter worth $227,000. Elkfork Partners LLC bought a new stake in Retail Opportunity Investments in the 4th quarter worth $254,000. Eaton Vance Management bought a new stake in Retail Opportunity Investments in the 4th quarter worth $267,000. Finally, Ramsey Quantitative Systems bought a new stake in Retail Opportunity Investments in the 4th quarter worth $269,000. 98.47% of the stock is currently owned by institutional investors and hedge funds.
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Retail Opportunity Investments 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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