Retail Opportunity Investments Corp. (NASDAQ:ROIC) released its quarterly earnings results on Tuesday. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.21), Yahoo Finance reports. Retail Opportunity Investments Corp. had a return on equity of 2.71% and a net margin of 13.92%. The firm had revenue of $67.97 million during the quarter, compared to analysts’ expectations of $68.34 million. During the same period in the prior year, the firm posted $0.26 earnings per share. Retail Opportunity Investments Corp.’s revenue for the quarter was up 14.5% compared to the same quarter last year. Retail Opportunity Investments Corp. updated its FY17 guidance to $1.12-1.14 EPS.

Retail Opportunity Investments Corp. (NASDAQ ROIC) opened at 18.71 on Wednesday. Retail Opportunity Investments Corp. has a 52-week low of $18.45 and a 52-week high of $22.37. The firm has a market capitalization of $2.05 billion, a P/E ratio of 57.93 and a beta of 0.68. The company’s 50-day moving average is $19.32 and its 200-day moving average is $19.93.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 28th. Investors of record on Thursday, September 14th were given a dividend of $0.188 per share. The ex-dividend date of this dividend was Wednesday, September 13th. This is an increase from Retail Opportunity Investments Corp.’s previous quarterly dividend of $0.19. This represents a $0.75 dividend on an annualized basis and a yield of 4.02%. Retail Opportunity Investments Corp.’s payout ratio is currently 227.28%.

A number of equities research analysts have recently weighed in on the stock. Royal Bank Of Canada reissued a “hold” rating and set a $23.00 price objective on shares of Retail Opportunity Investments Corp. in a report on Thursday, July 27th. Zacks Investment Research lowered shares of Retail Opportunity Investments Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Jefferies Group LLC reissued a “buy” rating and set a $25.00 price objective on shares of Retail Opportunity Investments Corp. in a report on Tuesday, July 25th. KeyCorp reissued a “hold” rating on shares of Retail Opportunity Investments Corp. in a report on Friday, August 25th. Finally, Robert W. Baird reissued a “buy” rating and set a $22.00 price objective on shares of Retail Opportunity Investments Corp. in a report on Thursday, August 24th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $22.14.

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Retail Opportunity Investments Corp. Company Profile

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.

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

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