News articles about Retail Opportunity Investments (NASDAQ:ROIC) have been trending somewhat positive recently, Accern reports. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Retail Opportunity Investments earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 47.3610795899739 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Several equities research analysts have commented on the company. Robert W. Baird restated a “buy” rating and issued a $20.00 price objective on shares of Retail Opportunity Investments in a research report on Wednesday, March 21st. JPMorgan Chase restated a “neutral” rating and issued a $19.00 price objective (down previously from $20.00) on shares of Retail Opportunity Investments in a research report on Friday, March 16th. BidaskClub lowered Retail Opportunity Investments from a “hold” rating to a “sell” rating in a research report on Tuesday, March 13th. Citigroup lowered their price objective on 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, Jefferies Group restated a “hold” rating and issued a $18.00 price objective on shares of Retail Opportunity Investments in a research report on Tuesday, February 27th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $20.94.
Shares of NASDAQ:ROIC traded down $0.43 during midday trading on Friday, reaching $17.32. 1,263,640 shares of the company’s stock traded hands, compared to its average volume of 1,544,744. Retail Opportunity Investments has a 1 year low of $16.21 and a 1 year high of $22.06. The firm has a market capitalization of $1,997.67, a price-to-earnings ratio of 15.19, a price-to-earnings-growth ratio of 2.50 and a beta of 0.55. The company has a debt-to-equity ratio of 1.12, a current ratio of 3.23 and a quick ratio of 3.23.
Retail Opportunity Investments (NASDAQ:ROIC) last announced its earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. Retail Opportunity Investments had a return on equity of 2.95% and a net margin of 14.08%. The firm had revenue of $72.75 million for the quarter, compared to analyst estimates of $71.07 million. During the same quarter last year, the firm posted $0.27 EPS. The business’s revenue was up 15.3% on a year-over-year basis. sell-side analysts expect that Retail Opportunity Investments will post 1.19 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th were given a dividend of $0.195 per share. This is a positive change from Retail Opportunity Investments’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 4.50%. Retail Opportunity Investments’s dividend payout ratio (DPR) is 68.42%.
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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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