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

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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.

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

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