Retail Opportunity Investments (ROIC) Set to Announce Quarterly Earnings on Tuesday

Retail Opportunity Investments (NASDAQ:ROIC) will issue its quarterly earnings data after the market closes on Tuesday, April 23rd. Analysts expect the company to announce earnings of $0.26 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Retail Opportunity Investments (NASDAQ:ROIC) last issued its earnings results on Thursday, February 15th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.21). Retail Opportunity Investments had a return on equity of 2.53% and a net margin of 10.54%. The company had revenue of $84.60 million during the quarter, compared to analyst estimates of $81.09 million. During the same period in the previous year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis. On average, analysts expect Retail Opportunity Investments to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Retail Opportunity Investments Trading Down 0.9 %

Shares of ROIC opened at $12.32 on Tuesday. Retail Opportunity Investments has a 1 year low of $10.98 and a 1 year high of $15.16. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.01. The stock has a 50 day simple moving average of $12.81 and a 200-day simple moving average of $12.91. The stock has a market cap of $1.57 billion, a PE ratio of 45.63 and a beta of 1.42.

Retail Opportunity Investments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were issued a dividend of $0.15 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.60 dividend on an annualized basis and a yield of 4.87%. Retail Opportunity Investments’s dividend payout ratio is 222.23%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. StockNews.com upgraded Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. Bank of America reiterated an “underperform” rating and issued a $12.00 price objective (down from $14.50) on shares of Retail Opportunity Investments in a research report on Friday, April 5th. Finally, KeyCorp upgraded Retail Opportunity Investments from a “sector weight” rating to an “overweight” rating and set a $16.00 price objective on the stock in a research report on Friday, January 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Retail Opportunity Investments presently has a consensus rating of “Hold” and a consensus price target of $14.75.

Institutional Trading of Retail Opportunity Investments

Hedge funds and other institutional investors have recently modified their holdings of the company. LPL Financial LLC increased its position in shares of Retail Opportunity Investments by 4.6% in the second quarter. LPL Financial LLC now owns 14,621 shares of the real estate investment trust’s stock valued at $231,000 after acquiring an additional 644 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Retail Opportunity Investments by 1.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 51,727 shares of the real estate investment trust’s stock valued at $777,000 after acquiring an additional 701 shares during the last quarter. Captrust Financial Advisors increased its position in shares of Retail Opportunity Investments by 3.4% in the fourth quarter. Captrust Financial Advisors now owns 22,027 shares of the real estate investment trust’s stock valued at $331,000 after acquiring an additional 728 shares during the last quarter. Ameritas Investment Partners Inc. increased its position in shares of Retail Opportunity Investments by 8.1% in the second quarter. Ameritas Investment Partners Inc. now owns 10,172 shares of the real estate investment trust’s stock valued at $137,000 after acquiring an additional 760 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in shares of Retail Opportunity Investments by 0.5% in the second quarter. Public Employees Retirement System of Ohio now owns 169,099 shares of the real estate investment trust’s stock valued at $2,285,000 after acquiring an additional 854 shares during the last quarter. Institutional investors and hedge funds own 97.16% of the company’s stock.

Retail Opportunity Investments Company Profile

Retail Opportunity Investments Corp. (Nasdaq: ROIC), is a fully integrated, self-managed real estate investment trust (REIT) that specializes in the acquisition, ownership and management of grocery-anchored shopping centers located in densely populated, metropolitan markets across the West Coast. As of December 31, 2023, ROIC owned 94 shopping centers encompassing approximately 10.6 million square feet.