Retail Opportunity Investments Corp. (NASDAQ:ROIC) – Analysts at Capital One Financial Corporation lowered their Q3 2017 earnings per share estimates for shares of Retail Opportunity Investments Corp. in a note issued to investors on Tuesday. Capital One Financial Corporation analyst C. Lucas now forecasts that the real estate investment trust will post earnings of $0.28 per share for the quarter, down from their prior forecast of $0.29. Capital One Financial Corporation also issued estimates for Retail Opportunity Investments Corp.’s FY2017 earnings at $1.14 EPS, Q2 2018 earnings at $0.30 EPS, Q4 2018 earnings at $0.32 EPS, FY2018 earnings at $1.23 EPS and FY2019 earnings at $1.28 EPS.

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 (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.20. The business had revenue of $67.97 million during the quarter, compared to analysts’ expectations of $68.34 million. Retail Opportunity Investments Corp. had a return on equity of 2.71% and a net margin of 13.92%. The company’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.26 EPS.

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Other equities research analysts also recently issued research reports about the stock. Robert W. Baird reiterated a “buy” rating and set a $22.00 target price on shares of Retail Opportunity Investments Corp. in a research note on Thursday, August 24th. Zacks Investment Research upgraded shares of Retail Opportunity Investments Corp. from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Wednesday, July 12th. Jefferies Group LLC reiterated a “buy” rating and set a $25.00 target price on shares of Retail Opportunity Investments Corp. in a research note on Tuesday, July 25th. Royal Bank Of Canada reiterated a “hold” rating and set a $23.00 target price on shares of Retail Opportunity Investments Corp. in a research note on Thursday, July 27th. Finally, KeyCorp reiterated a “hold” rating on shares of Retail Opportunity Investments Corp. in a research note on Friday, August 25th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $22.14.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) opened at 18.71 on Wednesday. The firm has a market cap of $2.05 billion, a PE ratio of 57.93 and a beta of 0.68. Retail Opportunity Investments Corp. has a one year low of $18.45 and a one year high of $22.37. The stock has a 50 day moving average price of $19.32 and a 200 day moving average price of $19.93.

A number of large investors have recently made changes to their positions in the stock. Loeb Partners Corp lifted its position in Retail Opportunity Investments Corp. by 23.8% in the third quarter. Loeb Partners Corp now owns 106,700 shares of the real estate investment trust’s stock valued at $2,029,000 after purchasing an additional 20,500 shares during the period. Hermes Investment Management Ltd. lifted its position in Retail Opportunity Investments Corp. by 7.3% in the third quarter. Hermes Investment Management Ltd. now owns 2,006,000 shares of the real estate investment trust’s stock valued at $38,134,000 after purchasing an additional 135,866 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Retail Opportunity Investments Corp. in the second quarter valued at about $530,000. Public Employees Retirement System of Ohio lifted its position in Retail Opportunity Investments Corp. by 72.1% in the second quarter. Public Employees Retirement System of Ohio now owns 209,841 shares of the real estate investment trust’s stock valued at $4,027,000 after purchasing an additional 87,878 shares during the period. Finally, Verition Fund Management LLC acquired a new stake in Retail Opportunity Investments Corp. in the second quarter valued at about $704,000. Hedge funds and other institutional investors own 94.76% of the company’s stock.

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 $0.188 dividend. The ex-dividend date was Wednesday, September 13th. This represents a $0.75 dividend on an annualized basis and a yield of 4.02%. This is an increase from Retail Opportunity Investments Corp.’s previous quarterly dividend of $0.19. Retail Opportunity Investments Corp.’s dividend payout ratio (DPR) is presently 227.28%.

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.

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

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