Equities research analysts predict that Retail Opportunity Investments Corp. (NASDAQ:ROIC) will announce sales of $72.25 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Retail Opportunity Investments’ earnings. The lowest sales estimate is $70.95 million and the highest is $73.19 million. Retail Opportunity Investments reported sales of $72.92 million during the same quarter last year, which indicates a negative year over year growth rate of 0.9%. The business is scheduled to issue its next earnings report on Tuesday, February 22nd.
According to Zacks, analysts expect that Retail Opportunity Investments will report full year sales of $281.40 million for the current financial year, with estimates ranging from $278.55 million to $284.49 million. For the next fiscal year, analysts anticipate that the business will report sales of $295.20 million, with estimates ranging from $290.86 million to $300.61 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Retail Opportunity Investments.
Retail Opportunity Investments (NASDAQ:ROIC) last posted its earnings results on Monday, October 25th. The real estate investment trust reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.11. The company had revenue of $71.39 million during the quarter, compared to analysts’ expectations of $70.14 million. Retail Opportunity Investments had a net margin of 18.96% and a return on equity of 4.10%. Retail Opportunity Investments’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period last year, the company posted $0.25 earnings per share.
Several institutional investors have recently added to or reduced their stakes in ROIC. First Trust Advisors LP lifted its holdings in Retail Opportunity Investments by 207.8% during the 1st quarter. First Trust Advisors LP now owns 65,911 shares of the real estate investment trust’s stock valued at $1,143,000 after buying an additional 44,497 shares in the last quarter. UBS Group AG raised its holdings in shares of Retail Opportunity Investments by 50.7% in the 1st quarter. UBS Group AG now owns 9,555 shares of the real estate investment trust’s stock valued at $152,000 after purchasing an additional 3,213 shares in the last quarter. Amundi Asset Management US Inc. raised its holdings in shares of Retail Opportunity Investments by 20.0% in the 1st quarter. Amundi Asset Management US Inc. now owns 78,220 shares of the real estate investment trust’s stock valued at $1,241,000 after purchasing an additional 13,057 shares in the last quarter. Eaton Vance Management bought a new stake in shares of Retail Opportunity Investments in the 1st quarter valued at about $26,000. Finally, Voloridge Investment Management LLC bought a new stake in shares of Retail Opportunity Investments in the 1st quarter valued at about $1,007,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.
ROIC traded up $0.06 during trading on Friday, hitting $18.68. 464,479 shares of the company traded hands, compared to its average volume of 987,163. The company has a market cap of $2.27 billion, a PE ratio of 41.51, a P/E/G ratio of 5.39 and a beta of 1.46. The stock’s 50-day simple moving average is $18.10 and its two-hundred day simple moving average is $17.86. Retail Opportunity Investments has a 1 year low of $12.79 and a 1 year high of $18.97. The company has a current ratio of 2.93, a quick ratio of 2.93 and a debt-to-equity ratio of 0.98.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 7th. Stockholders of record on Friday, December 17th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Thursday, December 16th. This represents a $0.44 annualized dividend and a dividend yield of 2.36%. Retail Opportunity Investments’s dividend payout ratio (DPR) is presently 97.78%.
About Retail Opportunity Investments
Retail Opportunity Investments Corp. operates as a self-managed real estate investment trust. The company engages in the ownership, management, and redevelopment of retail real estate properties. It specializes in the acquisition, ownership and management of grocery-anchored shopping centers located in densely-populated, metropolitan markets across the West Coast.
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