Wall Street analysts predict that Retail Opportunity Investments Corp. (NASDAQ:ROIC) will report earnings per share of $0.25 for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Retail Opportunity Investments’ earnings, with estimates ranging from $0.25 to $0.26. Retail Opportunity Investments posted earnings per share of $0.27 in the same quarter last year, which indicates a negative year over year growth rate of 7.4%. The company is scheduled to issue its next earnings report on Tuesday, February 22nd.
According to Zacks, analysts expect that Retail Opportunity Investments will report full-year earnings of $1.00 per share for the current fiscal year, with EPS estimates ranging from $1.00 to $1.01. For the next fiscal year, analysts forecast that the business will post earnings of $1.08 per share, with EPS estimates ranging from $1.06 to $1.09. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Retail Opportunity Investments.
Retail Opportunity Investments (NASDAQ:ROIC) last issued its quarterly earnings data on Monday, October 25th. The real estate investment trust reported $0.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.11. The firm had revenue of $71.39 million during the quarter, compared to analyst estimates of $70.14 million. Retail Opportunity Investments had a return on equity of 4.10% and a net margin of 18.96%. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.25 earnings per share.
Several large investors have recently made changes to their positions in ROIC. Ranger Global Real Estate Advisors LLC purchased a new position in shares of Retail Opportunity Investments during the third quarter valued at approximately $49,863,000. Land & Buildings Investment Management LLC purchased a new position in shares of Retail Opportunity Investments during the third quarter valued at approximately $41,660,000. Lasalle Investment Management Securities LLC purchased a new position in shares of Retail Opportunity Investments during the second quarter valued at approximately $39,230,000. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Retail Opportunity Investments by 1,100.7% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,270,657 shares of the real estate investment trust’s stock valued at $40,100,000 after buying an additional 2,081,545 shares during the period. Finally, Millennium Management LLC boosted its position in shares of Retail Opportunity Investments by 474.3% during the second quarter. Millennium Management LLC now owns 2,292,100 shares of the real estate investment trust’s stock valued at $40,478,000 after buying an additional 1,893,013 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.
Shares of Retail Opportunity Investments stock traded up $0.06 during trading on Thursday, reaching $18.68. 464,479 shares of the stock traded hands, compared to its average volume of 987,163. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 41.51, a P/E/G ratio of 5.39 and a beta of 1.46. The business has a fifty day simple moving average of $18.10 and a two-hundred day simple moving average of $17.86. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.93 and a quick ratio of 2.93. Retail Opportunity Investments has a 52-week low of $12.79 and a 52-week high of $18.97.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 7th. Investors of record on Friday, December 17th will be given a $0.11 dividend. The ex-dividend date of this dividend is Thursday, December 16th. This represents a $0.44 annualized dividend and a yield of 2.36%. Retail Opportunity Investments’s dividend payout ratio is currently 97.78%.
Retail Opportunity Investments Company Profile
Retail Opportunity Investments Corp. operates as a self-managed real estate investment trust. The company engages in the ownership, management, and redevelopment of retail real estate properties. It specializes in the acquisition, ownership and management of grocery-anchored shopping centers located in densely-populated, metropolitan markets across the West Coast.
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