Retail Opportunity Investments Corp (NASDAQ:ROIC) declared a quarterly dividend on Monday, October 28th, Zacks reports. Shareholders of record on Monday, December 16th will be paid a dividend of 0.197 per share by the real estate investment trust on Monday, December 30th. This represents a $0.79 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date is Friday, December 13th.
Retail Opportunity Investments stock traded down $0.34 during trading hours on Wednesday, reaching $17.76. The company had a trading volume of 219,875 shares, compared to its average volume of 929,404. The firm has a market cap of $2.09 billion, a price-to-earnings ratio of 15.58, a P/E/G ratio of 5.18 and a beta of 0.67. Retail Opportunity Investments has a 12-month low of $15.44 and a 12-month high of $19.18. The company has a 50-day moving average price of $18.29 and a 200 day moving average price of $17.89. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.44 and a quick ratio of 2.44.
Retail Opportunity Investments (NASDAQ:ROIC) last issued its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.12). The business had revenue of $72.44 million during the quarter, compared to the consensus estimate of $73.90 million. Retail Opportunity Investments had a return on equity of 3.81% and a net margin of 16.59%. Retail Opportunity Investments’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.28 earnings per share. As a group, research analysts expect that Retail Opportunity Investments will post 1.1 earnings per share for the current year.
A number of brokerages have recently weighed in on ROIC. Capital One Financial upgraded Retail Opportunity Investments from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $19.00 to $21.00 in a research report on Wednesday, October 23rd. Zacks Investment Research upgraded Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. Finally, BidaskClub lowered Retail Opportunity Investments from a “hold” rating to a “sell” rating in a research report on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $19.50.
About Retail Opportunity Investments
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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