Retail Opportunity Investments Corp. (NASDAQ:ROIC) issued an update on its FY16 earnings guidance on Wednesday morning. The company provided EPS guidance of $1.3-1.07 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.05.
Retail Opportunity Investments Corp. (NASDAQ:ROIC) traded down 0.40% during trading on Wednesday, hitting $22.36. 763,727 shares of the stock were exchanged. Retail Opportunity Investments Corp. has a 12 month low of $15.30 and a 12 month high of $22.88. The stock’s 50 day moving average price is $21.59 and its 200 day moving average price is $19.82. The stock has a market cap of $2.24 billion and a P/E ratio of 79.29.
Retail Opportunity Investments Corp. (NASDAQ:ROIC) last issued its earnings results on Wednesday, July 27th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.01. The company earned $58.70 million during the quarter, compared to analyst estimates of $57.61 million. The business’s revenue for the quarter was up 27.1% on a year-over-year basis. Analysts forecast that Retail Opportunity Investments Corp. will post $1.05 EPS for the current fiscal year.
Several equities analysts have weighed in on ROIC shares. Zacks Investment Research upgraded shares of Retail Opportunity Investments Corp. from a sell rating to a buy rating and set a $25.00 target price for the company in a report on Thursday, July 21st. Canaccord Genuity restated a buy rating and set a $22.00 target price on shares of Retail Opportunity Investments Corp. in a report on Thursday, April 28th. BMO Capital Markets restated a buy rating on shares of Retail Opportunity Investments Corp. in a report on Saturday, April 30th. DA Davidson initiated coverage on shares of Retail Opportunity Investments Corp. in a research note on Friday, April 1st. They set a buy rating and a $23.00 price target on the stock. Finally, FBR & Co reaffirmed a hold rating on shares of Retail Opportunity Investments Corp. in a research note on Thursday, April 28th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $21.50.
Retail Opportunity Investments Corp. is an integrated, self-managed real estate investment trust (REIT). The Company’s primary business is the ownership, management and redevelopment of retail real estate properties. 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.
