Capital One Financial Analysts Cut Earnings Estimates for Retail Opportunity Investments Corp (ROIC)

Retail Opportunity Investments Corp (NASDAQ:ROIC) – Equities researchers at Capital One Financial decreased their Q4 2017 earnings estimates for Retail Opportunity Investments in a report released on Monday. Capital One Financial analyst C. Lucas now expects that the real estate investment trust will post earnings per share of $0.29 for the quarter, down from their previous forecast of $0.30. Capital One Financial has a “Overweight” rating on the stock. Capital One Financial also issued estimates for Retail Opportunity Investments’ Q1 2018 earnings at $0.29 EPS, Q2 2018 earnings at $0.29 EPS, Q3 2018 earnings at $0.30 EPS, Q4 2018 earnings at $0.31 EPS, FY2018 earnings at $1.19 EPS and FY2019 earnings at $1.24 EPS.

Several other analysts also recently commented on the stock. BidaskClub downgraded shares of Retail Opportunity Investments from a “sell” rating to a “strong sell” rating in a research report on Tuesday, January 30th. Zacks Investment Research downgraded shares of Retail Opportunity Investments from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Jefferies Group set a $20.00 price target on shares of Retail Opportunity Investments and gave the company a “hold” rating in a research report on Tuesday, October 31st. Royal Bank of Canada reiterated a “buy” rating and issued a $22.00 price target on shares of Retail Opportunity Investments in a research report on Monday, October 30th. Finally, Citigroup reduced their price target on shares of Retail Opportunity Investments from $20.50 to $20.00 and set a “neutral” rating for the company in a research report on Monday, October 30th. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. Retail Opportunity Investments has an average rating of “Hold” and an average target price of $22.00.

Shares of Retail Opportunity Investments (NASDAQ:ROIC) opened at $17.13 on Wednesday. Retail Opportunity Investments has a 12-month low of $16.21 and a 12-month high of $22.37. The company has a market cap of $1,880.00, a price-to-earnings ratio of 55.26, a P/E/G ratio of 2.04 and a beta of 0.58. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.64 and a quick ratio of 1.64.

A number of institutional investors have recently made changes to their positions in ROIC. Shelton Capital Management raised its position in Retail Opportunity Investments by 5.6% during the 2nd quarter. Shelton Capital Management now owns 10,858 shares of the real estate investment trust’s stock worth $208,000 after buying an additional 579 shares during the last quarter. FDx Advisors Inc. purchased a new position in Retail Opportunity Investments during the 4th quarter worth $221,000. Cubist Systematic Strategies LLC purchased a new position in Retail Opportunity Investments during the 2nd quarter worth $259,000. Eaton Vance Management purchased a new position in Retail Opportunity Investments during the 4th quarter worth $267,000. Finally, Ramsey Quantitative Systems purchased a new position in Retail Opportunity Investments during the 4th quarter worth $269,000. Institutional investors own 97.90% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of international trademark and copyright laws. The original version of this piece can be viewed at https://www.americanbankingnews.com/2018/02/14/capital-one-financial-analysts-cut-earnings-estimates-for-retail-opportunity-investments-corp-roic.html.

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.

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

Receive News & Ratings for Retail Opportunity Investments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Retail Opportunity Investments and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply