Retail Opportunity Investments (ROIC) scheduled to post earnings on Tuesday
Retail Opportunity Investing (NASDAQ: ROIC – GET Rating) is scheduled to release its quarterly earnings figures after the market closes on Tuesday, July 26. Analysts expect the company to announce earnings per share of $0.26 for the quarter. Retail Opportunity Investments has set its FY22 guidance at $1.040-$1.10 EPS and its FY22 guidance at $1.04-1.10 EPS. Investors interested in listening to the company’s conference call can do so using this link.
Retail Opportunity Investments (NASDAQ: ROIC – GET RATING) last released its quarterly earnings results on Monday, April 25. The real estate investment trust reported EPS of $0.09 for the quarter, upping the consensus estimate of $0.07 by $0.02. Retail Opportunity Investments had a return on equity of 4.26% and a net margin of 19.81%. The company had revenue of $75.04 million for the quarter, compared to analyst estimates of $73.21 million. During the same quarter last year, the company generated earnings per share of $0.24. The firm’s revenue was up 8.9% compared to the same quarter last year. 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 Investment Business up 0.9%
ROIC shares opened Tuesday at $15.95. The 50-day moving average of the trade is $16.66 and its 200-day moving average is $18.05. Retail Opportunity Investing has a twelve-month low of $15.06 and a twelve-month high of $20.09. The company has a market capitalization of $1.98 billion, a P/E ratio of 33.94, a price-to-earnings-growth ratio of 1.89 and a beta of 1.37. The current ratio of the company is 1.58, quick ratio is 1.58 and debt-to-equity ratio is 0.95.
Retail Opportunity Investment Dividend Declaration
The firm also recently announced a quarterly dividend, which was paid on Friday, July 8. A $0.13 dividend was paid out to investors of record on Friday, June 17. The ex-dividend date of this dividend was Thursday, June 16. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.26%. The Dividend Payout Ratio (DPR) of Retail Opportunity Investments currently stands at 110.64%.
Analyst Upgrades and Downgrades
Several analysts have commented on the company. Capital One Financial reiterated its “equal weighting” rating on shares of Retail Opportunity Investments in a research report on Monday, April 18. Wells Fargo & Company raised its price target on retail opportunity investing from $17.00 to $19.00 and gave the stock an “underweight” rating in a report on Thursday, April 7. Jefferies Financial Group lowered its price target on retail opportunity investing from $20.00 to $15.00 in a report on Thursday, June 30. The Street upgraded Retail Opportunity Investing from a “C+” rating to a “B-” rating in a report on Monday, April 25. Finally, StockNews.com began coverage on retail opportunity investing in a report on Thursday, March 31. He issued a “hold” rating for the company.
Institutional investors weigh in on retail opportunity investing
Institutional investors and hedge funds have recently increased or decreased their stake in the company. Guggenheim Capital LLC purchased a new position in a retail opportunity investment worth approximately $272,000 in the first quarter. Meiji Yasuda Asset Management Co Ltd. acquired a new stake in Retail Opportunity Investments during the first quarter, valued at approximately $404,000. Echo Street Capital Management LLC acquired a new stake in Retail Opportunity Investments shares of approximately $458,000 during the first quarter. The Canada Pension Plan Investment Board acquired a new stake in Retail Opportunity Investments shares worth approximately $1,128,000 during the first quarter. Finally, HSBC Holdings plc increased its position in shares of Retail Opportunity Investments by 47.1% during the first quarter. HSBC Holdings plc now owns 62,250 shares of real estate investment trust stock worth $1,215,000 after purchasing an additional 19,941 shares during the period. 96.17% of the stock is currently owned by institutional investors and hedge funds.
Retail Opportunity Investment Company Profile
(get rating)
Retail Opportunity Investments Corp (NASDAQ:ROIC), a fully integrated, self-managed real estate investment trust (REIT) that specializes in the acquisition, ownership, and management of grocery-anchored shopping centers that are densely populated, Located in metropolitan markets. Western coast. As of September 30, 2020, ROIC has 88 shopping centers spread over approximately 10.1 million square feet.
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