Media stories about Retail Opportunity Inv (NASDAQ:ROIC) have trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Retail Opportunity Inv earned a news sentiment score of 0.22 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 46.9039908855253 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Shares of ROIC opened at $16.52 on Wednesday. Retail Opportunity Inv has a 1 year low of $16.21 and a 1 year high of $21.58. The firm has a market cap of $1,870.50, a PE ratio of 14.49, a PEG ratio of 2.35 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 Inv (NASDAQ:ROIC) last announced its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.01. Retail Opportunity Inv had a net margin of 14.08% and a return on equity of 2.95%. The company had revenue of $72.75 million during the quarter, compared to the consensus estimate of $71.07 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was up 15.3% compared to the same quarter last year. analysts anticipate that Retail Opportunity Inv will post 1.19 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th were issued a dividend of $0.195 per share. This is an increase from Retail Opportunity Inv’s previous quarterly dividend of $0.19. The ex-dividend date was Wednesday, March 14th. This represents a $0.78 annualized dividend and a dividend yield of 4.72%. Retail Opportunity Inv’s payout ratio is 68.42%.
A number of equities analysts have commented on the stock. Jefferies Group reaffirmed a “hold” rating and issued a $18.00 price objective on shares of Retail Opportunity Inv in a report on Tuesday, February 27th. JPMorgan Chase reaffirmed a “neutral” rating and issued a $19.00 price objective (down previously from $20.00) on shares of Retail Opportunity Inv in a report on Friday, March 16th. BidaskClub downgraded shares of Retail Opportunity Inv from a “sell” rating to a “strong sell” rating in a report on Tuesday, January 30th. Robert W. Baird reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Retail Opportunity Inv in a report on Wednesday, March 21st. Finally, Citigroup decreased their price objective on shares of Retail Opportunity Inv from $20.00 to $18.50 and set a “neutral” rating for the company in a report on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. Retail Opportunity Inv has a consensus rating of “Hold” and an average price target of $20.81.
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About Retail Opportunity Inv
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 December 31, 2017, ROIC owned 91 shopping centers encompassing approximately 10.5 million square feet.
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