Retail Opportunity Investments (ROIC) Earning Somewhat Favorable Press Coverage, Report Shows
Headlines about Retail Opportunity Investments (NASDAQ:ROIC) have trended somewhat positive on Saturday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Retail Opportunity Investments earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 47.8157015849961 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
NASDAQ:ROIC opened at $19.33 on Friday. Retail Opportunity Investments has a 12-month low of $16.17 and a 12-month high of $20.54. The company has a debt-to-equity ratio of 1.17, a current ratio of 3.74 and a quick ratio of 3.74. The stock has a market capitalization of $2.14 billion, a P/E ratio of 16.96, a price-to-earnings-growth ratio of 2.61 and a beta of 0.59.
Retail Opportunity Investments (NASDAQ:ROIC) last posted its quarterly earnings results on Wednesday, July 25th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.23). Retail Opportunity Investments had a return on equity of 2.90% and a net margin of 13.23%. The business had revenue of $72.34 million during the quarter, compared to analyst estimates of $73.23 million. During the same period last year, the company earned $0.27 EPS. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. equities analysts predict that Retail Opportunity Investments will post 1.17 EPS for the current fiscal year.
Several research firms recently issued reports on ROIC. Zacks Investment Research raised shares of Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research report on Thursday. BidaskClub raised shares of Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research report on Thursday, August 2nd. Wells Fargo & Co increased their price target on shares of Retail Opportunity Investments from $16.50 to $18.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 31st. Capital One Financial lowered shares of Retail Opportunity Investments from an “overweight” rating to an “equal weight” rating in a research report on Thursday, July 26th. Finally, ValuEngine lowered shares of Retail Opportunity Investments from a “hold” rating to a “sell” rating in a research report on Monday, July 16th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. Retail Opportunity Investments has a consensus rating of “Hold” and an average target price of $19.64.
Retail Opportunity Investments Company Profile
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 June 30, 2018, ROIC owned 92 shopping centers encompassing approximately 10.6 million square feet.
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