Equities research analysts predict that Retail Opportunity Investments Corp. (NASDAQ:ROIC) will post sales of $71.14 million for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Retail Opportunity Investments’ earnings. The highest sales estimate is $72.08 million and the lowest is $69.53 million. Retail Opportunity Investments reported sales of $63.07 million in the same quarter last year, which indicates a positive year-over-year growth rate of 12.8%. The company is expected to announce its next earnings results after the market closes on Wednesday, February 21st.

According to Zacks, analysts expect that Retail Opportunity Investments will report full-year sales of $71.14 million for the current year, with estimates ranging from $267.51 million to $276.00 million. For the next financial year, analysts forecast that the business will post sales of $305.37 million per share, with estimates ranging from $290.95 million to $322.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Retail Opportunity Investments.

Retail Opportunity Investments (NASDAQ:ROIC) last released its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.21). Retail Opportunity Investments had a return on equity of 2.86% and a net margin of 14.13%. The business had revenue of $67.97 million for the quarter, compared to analyst estimates of $68.34 million. During the same quarter in the previous year, the company posted $0.26 EPS. The business’s quarterly revenue was up 14.5% on a year-over-year basis.

Several research firms have weighed in on ROIC. Jefferies Group set a $20.00 price objective on shares of Retail Opportunity Investments and gave the stock a “hold” rating in a report on Tuesday, October 31st. Zacks Investment Research upgraded shares of Retail Opportunity Investments from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Royal Bank of Canada restated a “buy” rating and set a $22.00 price objective on shares of Retail Opportunity Investments in a report on Monday, October 30th. Citigroup lowered their price objective on shares of Retail Opportunity Investments from $20.50 to $20.00 and set a “neutral” rating on the stock in a report on Monday, October 30th. Finally, KeyCorp restated a “neutral” rating on shares of Retail Opportunity Investments in a report on Tuesday, October 24th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $22.00.

Retail Opportunity Investments (ROIC) traded up $0.21 on Wednesday, reaching $19.52. 701,200 shares of the company’s stock traded hands, compared to its average volume of 895,215. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.64 and a current ratio of 1.64. Retail Opportunity Investments has a 1 year low of $17.87 and a 1 year high of $22.37. The firm has a market capitalization of $2,118.89, a P/E ratio of 17.40, a price-to-earnings-growth ratio of 2.51 and a beta of 0.68.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, December 14th will be issued a $0.188 dividend. The ex-dividend date of this dividend is Wednesday, December 13th. This represents a $0.75 annualized dividend and a dividend yield of 3.85%. Retail Opportunity Investments’s dividend payout ratio is currently 220.59%.

Hedge funds have recently made changes to their positions in the company. Riverhead Capital Management LLC grew its position in Retail Opportunity Investments by 55.9% during the second quarter. Riverhead Capital Management LLC now owns 7,327 shares of the real estate investment trust’s stock valued at $141,000 after buying an additional 2,627 shares during the period. Daiwa Securities Group Inc. grew its position in Retail Opportunity Investments by 15.5% during the second quarter. Daiwa Securities Group Inc. now owns 9,700 shares of the real estate investment trust’s stock valued at $186,000 after buying an additional 1,300 shares during the period. Shelton Capital Management grew its position in Retail Opportunity Investments by 5.6% during the second quarter. Shelton Capital Management now owns 10,858 shares of the real estate investment trust’s stock valued at $208,000 after buying an additional 579 shares during the period. SG Americas Securities LLC grew its position in Retail Opportunity Investments by 77.6% during the second quarter. SG Americas Securities LLC now owns 10,965 shares of the real estate investment trust’s stock valued at $210,000 after buying an additional 4,790 shares during the period. Finally, Flinton Capital Management LLC grew its position in Retail Opportunity Investments by 56.4% during the second quarter. Flinton Capital Management LLC now owns 11,564 shares of the real estate investment trust’s stock valued at $222,000 after buying an additional 4,172 shares during the period. Institutional investors own 97.45% of the company’s stock.

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About Retail Opportunity Investments

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

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