Retail Opportunity Investments Corp. (NASDAQ:ROIC) issued its quarterly earnings results on Wednesday. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.01. The business had revenue of $58.70 million for the quarter, compared to the consensus estimate of $57.61 million. Retail Opportunity Investments Corp.’s quarterly revenue was up 27.1% on a year-over-year basis. Retail Opportunity Investments Corp. updated its FY16 guidance to $1.3-1.07 EPS.
Retail Opportunity Investments Corp. (NASDAQ:ROIC) traded down 0.40% on Wednesday, hitting $22.36. The stock had a trading volume of 763,727 shares. Retail Opportunity Investments Corp. has a 52-week low of $15.30 and a 52-week high of $22.88. The firm’s 50-day moving average is $21.59 and its 200-day moving average is $19.82. The company has a market cap of $2.24 billion and a P/E ratio of 79.29.
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 29th. Stockholders of record on Wednesday, June 15th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 3.22%. The ex-dividend date was Monday, June 13th.
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.
