Wall Street brokerages predict that Retail Opportunity Investments Corp. (NASDAQ:ROIC) will announce earnings per share (EPS) of $0.25 for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Retail Opportunity Investments’ earnings, with estimates ranging from $0.24 to $0.26. Retail Opportunity Investments reported earnings per share of $0.29 during the same quarter last year, which would suggest a negative year over year growth rate of 13.8%. The firm is scheduled to report its next quarterly earnings results after the market closes on Tuesday, April 27th.
According to Zacks, analysts expect that Retail Opportunity Investments will report full year earnings of $0.99 per share for the current financial year, with EPS estimates ranging from $0.98 to $1.02. For the next financial year, analysts forecast that the business will report earnings of $1.05 per share, with EPS estimates ranging from $1.01 to $1.09. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Retail Opportunity Investments.
Retail Opportunity Investments (NASDAQ:ROIC) last announced its quarterly earnings data on Monday, February 22nd. The real estate investment trust reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. Retail Opportunity Investments had a net margin of 11.68% and a return on equity of 2.61%.
Shares of ROIC opened at $16.42 on Monday. Retail Opportunity Investments has a 1-year low of $7.43 and a 1-year high of $17.13. The company has a 50-day moving average of $16.23 and a 200 day moving average of $13.62. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 56.62 and a beta of 1.47. The company has a debt-to-equity ratio of 1.12, a current ratio of 4.05 and a quick ratio of 4.05.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 9th. Stockholders of record on Friday, March 26th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Thursday, March 25th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.68%. Retail Opportunity Investments’s payout ratio is currently 40.00%.
Large investors have recently added to or reduced their stakes in the company. Signaturefd LLC increased its stake in shares of Retail Opportunity Investments by 40.7% in the fourth quarter. Signaturefd LLC now owns 2,757 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 797 shares during the period. Van ECK Associates Corp grew its position in Retail Opportunity Investments by 33.2% during the fourth quarter. Van ECK Associates Corp now owns 4,648 shares of the real estate investment trust’s stock valued at $62,000 after buying an additional 1,159 shares during the period. Veriti Management LLC acquired a new stake in Retail Opportunity Investments during the fourth quarter valued at $67,000. AXA S.A. acquired a new stake in Retail Opportunity Investments during the third quarter valued at $118,000. Finally, Teacher Retirement System of Texas acquired a new stake in Retail Opportunity Investments during the fourth quarter valued at $143,000. Hedge funds and other institutional investors own 91.04% of the company’s stock.
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 September 30, 2020, ROIC owned 88 shopping centers encompassing approximately 10.1 million square feet.
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