Retail Opportunity Investments Corp. (NASDAQ:ROIC) – Equities researchers at Jefferies Group issued their Q2 2017 earnings per share (EPS) estimates for Retail Opportunity Investments Corp. in a research note issued to investors on Friday. Jefferies Group analyst G. Hoglund anticipates that the real estate investment trust will post earnings of $0.28 per share for the quarter. Jefferies Group has a “Buy” rating and a $26.00 price objective on the stock. Jefferies Group also issued estimates for Retail Opportunity Investments Corp.’s Q3 2017 earnings at $0.29 EPS, Q4 2017 earnings at $0.30 EPS and FY2019 earnings at $1.28 EPS.

A number of other equities analysts have also weighed in on ROIC. Citigroup Inc. restated a “neutral” rating and issued a $21.00 target price (down from $22.00) on shares of Retail Opportunity Investments Corp. in a research note on Tuesday, June 6th. FBR & Co reiterated a “hold” rating and issued a $23.00 price objective (up from $22.00) on shares of Retail Opportunity Investments Corp. in a report on Tuesday, February 28th. Zacks Investment Research upgraded Retail Opportunity Investments Corp. from a “sell” rating to a “hold” rating in a report on Thursday, March 2nd. TheStreet cut Retail Opportunity Investments Corp. from a “b” rating to a “c+” rating in a report on Friday, April 28th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $26.00 price objective on shares of Retail Opportunity Investments Corp. in a report on Thursday, April 27th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $24.17.

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

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Shares of Retail Opportunity Investments Corp. (ROIC) opened at 19.57 on Monday. The company has a 50-day moving average price of $20.13 and a 200 day moving average price of $20.83. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 60.40 and a beta of 0.66. Retail Opportunity Investments Corp. has a 1-year low of $18.45 and a 1-year high of $23.05.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last released its quarterly earnings data on Wednesday, April 26th. The real estate investment trust reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01. The business had revenue of $65.90 million for the quarter, compared to analyst estimates of $62.86 million. Retail Opportunity Investments Corp. had a return on equity of 2.71% and a net margin of 14.13%. Retail Opportunity Investments Corp.’s revenue was up 17.5% compared to the same quarter last year. During the same period last year, the firm posted $0.27 earnings per share.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 29th. Stockholders of record on Thursday, June 15th will be issued a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date is Tuesday, June 13th. Retail Opportunity Investments Corp.’s payout ratio is currently 174.42%.

Several institutional investors have recently bought and sold shares of the company. Tyers Asset Management LLC purchased a new position in Retail Opportunity Investments Corp. during the fourth quarter worth about $122,000. Flinton Capital Management LLC boosted its position in Retail Opportunity Investments Corp. by 0.4% in the first quarter. Flinton Capital Management LLC now owns 7,392 shares of the real estate investment trust’s stock worth $155,000 after buying an additional 28 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in Retail Opportunity Investments Corp. by 31.3% in the first quarter. Daiwa Securities Group Inc. now owns 8,400 shares of the real estate investment trust’s stock worth $177,000 after buying an additional 2,000 shares during the last quarter. Neuburgh Advisers LLC boosted its position in Retail Opportunity Investments Corp. by 0.4% in the first quarter. Neuburgh Advisers LLC now owns 8,976 shares of the real estate investment trust’s stock worth $189,000 after buying an additional 34 shares during the last quarter. Finally, Ameritas Investment Partners Inc. purchased a new position in Retail Opportunity Investments Corp. during the first quarter worth about $195,000. Hedge funds and other institutional investors own 96.29% of the company’s stock.

About Retail Opportunity Investments Corp.

Retail Opportunity Investments Corp. (ROIC) is a fully integrated, self-managed real estate investment trust (REIT). 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.

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