Equities research analysts expect Retail Opportunity Investments Corp (NASDAQ:ROIC) to report earnings per share of $0.29 for the current quarter, Zacks reports. Five analysts have made estimates for Retail Opportunity Investments’ earnings. The highest EPS estimate is $0.30 and the lowest is $0.28. Retail Opportunity Investments reported earnings of $0.30 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 3.3%. The business is scheduled to report its next quarterly earnings results after the market closes on Wednesday, April 24th.

According to Zacks, analysts expect that Retail Opportunity Investments will report full-year earnings of $1.14 per share for the current fiscal year, with EPS estimates ranging from $1.13 to $1.15. For the next year, analysts anticipate that the firm will post earnings of $1.16 per share, with EPS estimates ranging from $1.15 to $1.18. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Retail Opportunity Investments.

Retail Opportunity Investments (NASDAQ:ROIC) last announced its quarterly earnings data on Tuesday, February 19th. The real estate investment trust reported $0.29 EPS for the quarter, hitting the consensus estimate of $0.29. The company had revenue of $75.20 million during the quarter, compared to the consensus estimate of $74.43 million. Retail Opportunity Investments had a net margin of 14.45% and a return on equity of 3.25%. The company’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.30 EPS.

Several analysts recently issued reports on ROIC shares. BMO Capital Markets reissued a “hold” rating and issued a $18.00 price target on shares of Retail Opportunity Investments in a research report on Tuesday, February 19th. BidaskClub downgraded shares of Retail Opportunity Investments from a “hold” rating to a “sell” rating in a research report on Friday, January 4th. Finally, Zacks Investment Research downgraded shares of Retail Opportunity Investments from a “hold” rating to a “sell” rating in a research report on Thursday, March 7th. Three equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $18.00.

NASDAQ ROIC opened at $17.23 on Friday. Retail Opportunity Investments has a 12-month low of $15.44 and a 12-month high of $19.80. The company has a debt-to-equity ratio of 1.13, a current ratio of 3.51 and a quick ratio of 3.51. The firm has a market capitalization of $1.97 billion, a P/E ratio of 15.11, a price-to-earnings-growth ratio of 3.64 and a beta of 0.72.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a $0.197 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $0.79 annualized dividend and a yield of 4.57%. This is an increase from Retail Opportunity Investments’s previous quarterly dividend of $0.20. Retail Opportunity Investments’s dividend payout ratio (DPR) is presently 69.30%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Lindbrook Capital LLC purchased a new position in Retail Opportunity Investments during the 4th quarter worth $27,000. First Hawaiian Bank bought a new stake in shares of Retail Opportunity Investments during the 1st quarter worth $32,000. PNC Financial Services Group Inc. raised its stake in shares of Retail Opportunity Investments by 23.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,197 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 603 shares during the period. Whittier Trust Co. raised its stake in shares of Retail Opportunity Investments by 18.8% during the 4th quarter. Whittier Trust Co. now owns 3,684 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 584 shares during the period. Finally, Nisa Investment Advisors LLC bought a new stake in shares of Retail Opportunity Investments during the 1st quarter worth $92,000. 94.08% of the stock is owned by institutional investors and hedge funds.

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, 2018, ROIC owned 91 shopping centers encompassing approximately 10.5 million square feet.

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Earnings History and Estimates for Retail Opportunity Investments (NASDAQ:ROIC)

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