Wall Street brokers expect Retail Opportunity Investments Corp. (NASDAQ: ROIC) is posting earnings per share of $0.26 for the current quarter, according to Zacks Investment Research. Three analysts provided earnings estimates for Retail Opportunity Investments. The highest EPS estimate is $0.26 and the lowest is $0.25. Retail Opportunity Investments reported earnings of $0.27 per share in the same quarter last year, suggesting a negative 3.7% year-over-year growth rate. The company is expected to release its next results after the market closes on Wednesday, February 16.
On average, analysts expect Retail Opportunity Investments to report annual earnings of $1.00 per share for the current fiscal year, with EPS estimates ranging from $1.00 to $1.01. For the next fiscal year, analysts expect the company to post earnings of $1.08 per share, with EPS estimates ranging from $1.06 to $1.09. Zacks Investment Research earnings per share averages are an average based on a survey of sell-side research firms that cover retail opportunity investments.
Separately, Zacks Investment Research downgraded shares of Retail Opportunity Investments from a “buy” rating to a “hold” rating in a Wednesday, January 12, report.
Shares of ROIC traded down $0.01 on Monday, hitting $18.14. The stock had a trading volume of 582,162 shares, compared to an average volume of 984,006. The company has a quick ratio of 2.93, a current ratio of 2.93 and a leverage ratio of 0. .98. The company’s 50-day moving average is $18.78 and its two-hundred-day moving average is $18.22. The company has a market capitalization of $2.20 billion, a price/earnings ratio of 40.31, a P/E/G ratio of 5.09 and a beta of 1.48. Retail Opportunity Investments has a 12-month low of $14.73 and a 12-month high of $20.09.
The company also recently announced a dividend, which was paid on Friday, January 14. Shareholders of record on Thursday, December 23 received a dividend of $0.07. The ex-dividend date was Wednesday, December 22. Retail Opportunity Investments’ dividend payout ratio is currently 97.78%.
Several hedge funds have recently increased or reduced their holdings in ROIC. Fort Washington Investment Advisors Inc. OH increased its stake in Retail Opportunity Investments by 6.6% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 21,131 shares of the real estate investment trust worth $414,000 after buying 1,300 additional shares in the last quarter. Forward Management LLC increased its holdings in Retail Opportunity Investments by 39.1% in the fourth quarter. Forward Management LLC now owns 267,200 shares of the real estate investment trust worth $5,237,000 after purchasing an additional 75,100 shares during the period. Virginia Retirement Systems ET AL increased its holdings in Retail Opportunity Investments by 25.3% in the fourth quarter. Virginia Retirement Systems ET AL now owns 241,500 shares of the real estate investment trust worth $4,733,000 after purchasing an additional 48,700 shares during the period. Daiwa Securities Group Inc. increased its holdings in Retail Opportunity Investments by 9.5% in the fourth quarter. Daiwa Securities Group Inc. now owns 35,792 shares of the real estate investment trust worth $702,000 after purchasing an additional 3,097 shares during the period. Finally, DekaBank Deutsche Girozentrale acquired a new stake in Retail Opportunity Investments in the fourth quarter worth $486,000. 95.54% of the shares are held by hedge funds and other institutional investors.
Retail Opportunity Investments Company Profile
Retail Opportunity Investments Corp. operates as a self-directed real estate investment trust. The Company is engaged in the ownership, management and redevelopment of commercial real estate properties. It specializes in the acquisition, ownership and management of grocery-anchored shopping malls located in densely populated West Coast metropolitan markets.
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