Retail Opportunity Investments (NASDAQ:ROIC – Get Free Report) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 1.030-1.050 for the period, compared to the consensus earnings per share estimate of 1.050. The company issued revenue guidance of -.
Analysts Set New Price Targets
A number of research firms recently weighed in on ROIC. StockNews.com raised Retail Opportunity Investments from a “sell” rating to a “hold” rating in a report on Monday, August 19th. Raymond James increased their target price on Retail Opportunity Investments from $15.00 to $16.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Finally, Wells Fargo & Company raised their target price on Retail Opportunity Investments from $13.50 to $16.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $15.00.
Read Our Latest Stock Analysis on ROIC
Retail Opportunity Investments Price Performance
Retail Opportunity Investments (NASDAQ:ROIC – Get Free Report) last released its earnings results on Tuesday, October 22nd. The real estate investment trust reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01). The firm had revenue of $83.50 million during the quarter, compared to analyst estimates of $82.13 million. Retail Opportunity Investments had a net margin of 10.40% and a return on equity of 2.57%. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period last year, the business posted $0.27 earnings per share. As a group, equities analysts expect that Retail Opportunity Investments will post 1.05 earnings per share for the current fiscal year.
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 December 31, 2023, ROIC owned 94 shopping centers encompassing approximately 10.6 million square feet.
Further Reading
- Five stocks we like better than Retail Opportunity Investments
- What is a Death Cross in Stocks?
- Chinese Stocks Cool Off: Time to Buy the Dip in These 2 Stocks?
- Procter & Gamble (NYSE:PG) Pulls Back After Shaky Guidance
- Goldman Sachs Highlights 3 Top Short Squeeze Stocks to Watch
- What does consumer price index measure?
- Walmart is Up 56% YTD, Is it Still a Top Consumer Staples Stock?
Receive News & Ratings for Retail Opportunity Investments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Retail Opportunity Investments and related companies with MarketBeat.com's FREE daily email newsletter.