Retail Opportunity Investments Corp. (NASDAQ:ROIC) updated its FY17 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.12-1.14 for the period, compared to the Thomson Reuters consensus estimate of $1.13.

Several brokerages have recently commented on ROIC. Zacks Investment Research cut Retail Opportunity Investments Corp. from a buy rating to a hold rating in a report on Thursday, July 20th. BidaskClub upgraded Retail Opportunity Investments Corp. from a sell rating to a hold rating in a report on Sunday, July 16th. Jefferies Group LLC cut Retail Opportunity Investments Corp. from a buy rating to a hold rating and decreased their target price for the stock from $25.00 to $21.00 in a report on Friday, September 15th. Royal Bank Of Canada restated a hold rating and set a $23.00 target price on shares of Retail Opportunity Investments Corp. in a report on Thursday, July 27th. Finally, KeyCorp restated a hold rating on shares of Retail Opportunity Investments Corp. in a report on Friday, August 25th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $22.14.

Shares of Retail Opportunity Investments Corp. (ROIC) traded down 0.74% during mid-day trading on Tuesday, hitting $18.71. The stock had a trading volume of 577,457 shares. The firm has a market cap of $2.05 billion, a PE ratio of 57.93 and a beta of 0.68. The stock has a 50 day moving average price of $19.34 and a 200 day moving average price of $19.95. Retail Opportunity Investments Corp. has a 52 week low of $18.45 and a 52 week high of $22.37.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last issued its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.29 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.29. The business had revenue of $67.97 million for the quarter, compared to analyst estimates of $68.34 million. Retail Opportunity Investments Corp. had a return on equity of 2.71% and a net margin of 13.92%. Retail Opportunity Investments Corp.’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS. Equities research analysts expect that Retail Opportunity Investments Corp. will post $0.35 EPS for the current fiscal year.

The company also recently disclosed 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 represents a $0.75 dividend on an annualized basis and a yield of 4.02%. This is a positive change from Retail Opportunity Investments Corp.’s previous quarterly dividend of $0.19. Retail Opportunity Investments Corp.’s payout ratio is currently 227.28%.

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

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