Media headlines about Retail Opportunity Investments Corp. (NASDAQ:ROIC) have been trending somewhat positive recently, Accern Sentiment reports. Accern rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Retail Opportunity Investments Corp. earned a news impact score of 0.13 on Accern’s scale. Accern also gave news coverage about the real estate investment trust an impact score of 46.9742714148397 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
A number of equities research analysts have commented on ROIC shares. Zacks Investment Research lowered Retail Opportunity Investments Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Robert W. Baird restated a “buy” rating and set a $22.00 price objective on shares of Retail Opportunity Investments Corp. in a research report on Thursday, August 24th. Royal Bank Of Canada upgraded Retail Opportunity Investments Corp. from a “sector perform” rating to an “outperform” rating and set a $23.00 price objective for the company in a research report on Thursday, August 17th. KeyCorp restated a “hold” rating on shares of Retail Opportunity Investments Corp. in a research report on Sunday, September 24th. Finally, Citigroup Inc. restated a “neutral” rating and set a $19.00 price objective (down from $21.00) on shares of Retail Opportunity Investments Corp. in a research report on Monday, July 10th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Retail Opportunity Investments Corp. presently has an average rating of “Hold” and an average price target of $22.14.
Shares of Retail Opportunity Investments Corp. (ROIC) traded up 0.78% during midday trading on Wednesday, hitting $19.29. The stock had a trading volume of 61,580 shares. The company has a market capitalization of $2.12 billion, a PE ratio of 59.72 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 firm’s 50-day moving average is $19.56 and its 200 day moving average is $20.07.
Retail Opportunity Investments Corp. (NASDAQ:ROIC) last issued its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.27 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.01). Retail Opportunity Investments Corp. had a net margin of 13.92% and a return on equity of 2.71%. The company had revenue of $66.64 million for the quarter, compared to analyst estimates of $66.18 million. During the same period last year, the company posted $0.27 earnings per share. The business’s revenue for the quarter was up 13.6% on a year-over-year basis. Equities analysts expect that Retail Opportunity Investments Corp. will post $0.35 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 28th. Stockholders of record on Thursday, September 14th were given a $0.188 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.93%. This is a boost from Retail Opportunity Investments Corp.’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Wednesday, September 13th. Retail Opportunity Investments Corp.’s dividend payout ratio (DPR) is presently 227.28%.
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.
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