Wall Street brokerages expect Retail Opportunity Investments Corp (NASDAQ:ROIC) to report $0.28 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Retail Opportunity Investments’ earnings. The highest EPS estimate is $0.28 and the lowest is $0.27. Retail Opportunity Investments posted earnings of $0.27 per share during the same quarter last year, which suggests a positive year over year growth rate of 3.7%. The firm is expected to report its next quarterly earnings results after the market closes on Wednesday, July 24th.
On average, analysts expect that Retail Opportunity Investments will report full-year earnings of $1.14 per share for the current fiscal year, with EPS estimates ranging from $1.12 to $1.15. For the next fiscal year, analysts expect that the company will post earnings of $1.16 per share, with EPS estimates ranging from $1.14 to $1.18. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover Retail Opportunity Investments.
Retail Opportunity Investments (NASDAQ:ROIC) last announced its quarterly earnings results on Wednesday, April 24th. The real estate investment trust reported $0.29 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.29. Retail Opportunity Investments had a return on equity of 3.46% and a net margin of 15.22%. The business had revenue of $76.05 million during the quarter, compared to analysts’ expectations of $75.31 million. During the same quarter last year, the business posted $0.30 earnings per share. The business’s revenue for the quarter was up 2.2% on a year-over-year basis.
Retail Opportunity Investments stock traded down $0.39 during midday trading on Friday, reaching $17.58. 45,757 shares of the company were exchanged, compared to its average volume of 937,320. The firm has a market capitalization of $2.04 billion, a P/E ratio of 15.49, a price-to-earnings-growth ratio of 3.73 and a beta of 0.71. The company’s 50-day moving average is $17.29. Retail Opportunity Investments has a 1 year low of $15.44 and a 1 year high of $19.80. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 1.14.
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Thursday, June 13th were issued a $0.197 dividend. This represents a $0.79 annualized dividend and a yield of 4.48%. The ex-dividend date of this dividend was Wednesday, June 12th. Retail Opportunity Investments’s dividend payout ratio (DPR) is 69.30%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its stake in shares of Retail Opportunity Investments by 23.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,197 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 603 shares in the last quarter. Stifel Financial Corp lifted its position in Retail Opportunity Investments by 1.5% during the 4th quarter. Stifel Financial Corp now owns 43,408 shares of the real estate investment trust’s stock worth $691,000 after acquiring an additional 654 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in Retail Opportunity Investments by 1.8% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 44,146 shares of the real estate investment trust’s stock worth $765,000 after acquiring an additional 797 shares in the last quarter. Advisor Group Inc. lifted its position in Retail Opportunity Investments by 6.6% during the 4th quarter. Advisor Group Inc. now owns 14,089 shares of the real estate investment trust’s stock worth $224,000 after acquiring an additional 871 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH lifted its position in Retail Opportunity Investments by 2.2% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 42,431 shares of the real estate investment trust’s stock worth $736,000 after acquiring an additional 900 shares in the last quarter. 92.00% of the stock is currently owned by institutional investors and hedge funds.
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 March 31, 2019, ROIC owned 90 shopping centers encompassing approximately 10.3 million square feet.
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