Media coverage about Retail Opportunity Investments (NASDAQ:ROIC) has trended somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of media coverage by monitoring more than 20 million blog and news 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 Investments earned a news impact score of 0.17 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 46.1085387370833 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
ROIC has been the subject of a number of research reports. Jefferies Financial Group set a $17.00 target price on shares of Retail Opportunity Investments and gave the company a “hold” rating in a report on Friday, April 13th. BidaskClub cut shares of Retail Opportunity Investments from a “sell” rating to a “strong sell” rating in a report on Tuesday, April 17th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $19.00 target price (down from $20.00) on shares of Retail Opportunity Investments in a report on Friday, March 16th. ValuEngine raised shares of Retail Opportunity Investments from a “sell” rating to a “hold” rating in a report on Thursday. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $20.00 target price on shares of Retail Opportunity Investments in a report on Wednesday, March 21st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $20.07.
Shares of Retail Opportunity Investments stock traded up $0.11 on Friday, reaching $19.52. 2,036,650 shares of the stock were exchanged, compared to its average volume of 1,150,461. Retail Opportunity Investments has a 1-year low of $16.17 and a 1-year high of $20.78. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 1.13. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of 17.12, a price-to-earnings-growth ratio of 2.57 and a beta of 0.58.
Retail Opportunity Investments (NASDAQ:ROIC) last issued its quarterly earnings results on Wednesday, April 25th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.20). Retail Opportunity Investments had a return on equity of 2.98% and a net margin of 13.85%. The firm had revenue of $74.40 million for the quarter, compared to analyst estimates of $72.67 million. During the same quarter last year, the firm earned $0.28 earnings per share. The company’s revenue was up 12.9% compared to the same quarter last year. equities research analysts anticipate that Retail Opportunity Investments will post 1.19 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 28th. Stockholders of record on Thursday, June 14th will be paid a dividend of $0.195 per share. The ex-dividend date is Wednesday, June 13th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 4.00%. Retail Opportunity Investments’s dividend payout ratio (DPR) is 68.42%.
In other news, Director Charles J. Persico sold 5,800 shares of the business’s stock in a transaction dated Tuesday, May 1st. The shares were sold at an average price of $17.13, for a total transaction of $99,354.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.20% of the company’s stock.
About Retail Opportunity Investments
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, 2018, ROIC owned 91 shopping centers encompassing approximately 10.5 million square feet.
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