Retail Opportunity Investments (NASDAQ:ROIC) Updates FY 2021 After-Hours Earnings Guidance


Share on StockTwits

Retail Opportunity Investments (NASDAQ:ROIC) updated its FY 2021
After-Hours earnings guidance on Tuesday. The company provided earnings per share guidance of 0.95-1.02 for the period.

A number of research analysts recently issued reports on the company. Wells Fargo & Company lowered Retail Opportunity Investments from an equal weight rating to an underweight rating and lifted their target price for the stock from $9.00 to $14.00 in a report on Thursday, December 10th. Bank of America raised Retail Opportunity Investments from an underperform rating to a buy rating and lifted their target price for the stock from $11.75 to $16.00 in a report on Tuesday, January 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of Hold and an average price target of $12.61.

ROIC traded down $0.02 during trading on Tuesday, reaching $16.21. The company had a trading volume of 3,182,146 shares, compared to its average volume of 1,105,824. The firm’s 50-day simple moving average is $14.56 and its 200 day simple moving average is $12.54. The company has a market cap of $1.91 billion, a price-to-earnings ratio of 55.90 and a beta of 1.47. Retail Opportunity Investments has a 12-month low of $5.84 and a 12-month high of $17.02. The company has a debt-to-equity ratio of 1.12, a quick ratio of 4.05 and a current ratio of 4.05.

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 September 30, 2020, ROIC owned 88 shopping centers encompassing approximately 10.1 million square feet.

Recommended Story: Limitations to arbitrage trading

Earnings History and Estimates for Retail Opportunity Investments (NASDAQ:ROIC)

Receive News & Ratings for Retail Opportunity Investments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Retail Opportunity Investments and related companies with MarketBeat.com's FREE daily email newsletter.