2 weeks Ago By ABMN Staff
Shares of Retail Opportunity Investments Corp. ( NASDAQ:ROIC – Get Free Report ) have been given an average recommendation of “Reduce” by the seven analysts that are presently covering the stock, Marketbeat.com reports.
One investment analyst has rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $16.17.
Several brokerages recently issued reports on ROIC. Baird R W lowered shares of Retail Opportunity Investments from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. KeyCorp downgraded shares of Retail Opportunity Investments from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, November 5th.
Raymond James lowered Retail Opportunity Investments from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 30th. BMO Capital Markets lifted their target price on Retail Opportunity Investments from $17.00 to $17.
50 and gave the company a “market perform” rating in a research report on Friday, November 8th. Finally, Robert W. Baird restated a “neutral” rating and issued a $17.
50 price target (up previously from $16.00) on shares of Retail Opportunity Investments in a research report on Thursday, November 7th. Get Our Latest Stock Analysis on Retail Opportunity Investments Institutional Trading of Retail Opportunity Investments Retail Opportunity Investments Price Performance NASDAQ ROIC opened at $17.
40 on Monday. The stock has a market capitalization of $2.24 billion, a price-to-earnings ratio of 37.
83 and a beta of 1.44. Retail Opportunity Investments has a 1-year low of $11.
87 and a 1-year high of $17.43. The company has a debt-to-equity ratio of 1.
04, a current ratio of 1.92 and a quick ratio of 1.92.
The business’s fifty day moving average price is $16.32 and its 200-day moving average price is $14.65.
Retail Opportunity Investments ( NASDAQ:ROIC – Get Free Report ) last posted its earnings results on Tuesday, October 22nd. The real estate investment trust reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.
26 by ($0.01). The firm had revenue of $83.
50 million during the quarter, compared to the consensus estimate of $82.13 million. Retail Opportunity Investments had a net margin of 17.
38% and a return on equity of 4.32%. The firm’s revenue was up 2.
5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.27 EPS.
On average, equities analysts predict that Retail Opportunity Investments will post 1.04 earnings per share for the current year. Retail Opportunity Investments Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Friday, January 10th.
Shareholders of record on Friday, December 20th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, December 20th.
This represents a $0.60 dividend on an annualized basis and a yield of 3.45%.
Retail Opportunity Investments’s payout ratio is presently 130.43%. About Retail Opportunity Investments ( Get Free Report 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.
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