Analysts forecast that Retail Opportunity Investments Corp. (NASDAQ:ROIC) will announce $0.29 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Retail Opportunity Investments’ earnings, with the lowest EPS estimate coming in at $0.28 and the highest estimate coming in at $0.30. Retail Opportunity Investments posted earnings per share of $0.09 in the same quarter last year, which would indicate a positive year-over-year growth rate of 222.2%. The firm is expected to announce its next earnings results on Wednesday, February 28th.

According to Zacks, analysts expect that Retail Opportunity Investments will report full year earnings of $1.13 per share for the current fiscal year, with EPS estimates ranging from $1.12 to $1.14. For the next fiscal year, analysts anticipate that the business will report earnings of $1.21 per share, with EPS estimates ranging from $1.20 to $1.23. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that follow Retail Opportunity Investments.

Retail Opportunity Investments (NASDAQ:ROIC) last released its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.21). Retail Opportunity Investments had a net margin of 14.13% and a return on equity of 2.86%. The company had revenue of $67.97 million for the quarter, compared to analyst estimates of $68.34 million. During the same quarter in the prior year, the firm earned $0.26 EPS. The company’s revenue for the quarter was up 14.5% compared to the same quarter last year.

Several analysts have weighed in on ROIC shares. KeyCorp reaffirmed a “hold” rating on shares of Retail Opportunity Investments in a research note on Friday, August 25th. Royal Bank Of Canada raised Retail Opportunity Investments from a “sector perform” rating to an “outperform” rating and set a $23.00 target price on the stock in a research note on Thursday, August 17th. Robert W. Baird reaffirmed a “buy” rating and set a $22.00 target price on shares of Retail Opportunity Investments in a research note on Thursday, August 24th. Zacks Investment Research raised Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Finally, FBR & Co set a $23.00 target price on Retail Opportunity Investments and gave the company a “hold” rating in a research note on Wednesday, October 11th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Retail Opportunity Investments has a consensus rating of “Hold” and an average target price of $22.00.

Institutional investors and hedge funds have recently bought and sold shares of the company. California Public Employees Retirement System raised its stake in shares of Retail Opportunity Investments by 1.9% in the 2nd quarter. California Public Employees Retirement System now owns 179,500 shares of the real estate investment trust’s stock worth $3,445,000 after buying an additional 3,400 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Retail Opportunity Investments by 560.6% in the 2nd quarter. Bank of Montreal Can now owns 19,090 shares of the real estate investment trust’s stock worth $367,000 after buying an additional 16,200 shares in the last quarter. IndexIQ Advisors LLC raised its stake in shares of Retail Opportunity Investments by 12.0% in the 2nd quarter. IndexIQ Advisors LLC now owns 130,245 shares of the real estate investment trust’s stock worth $2,499,000 after buying an additional 13,969 shares in the last quarter. Dupont Capital Management Corp raised its stake in shares of Retail Opportunity Investments by 18.5% in the 3rd quarter. Dupont Capital Management Corp now owns 115,126 shares of the real estate investment trust’s stock worth $2,189,000 after buying an additional 17,971 shares in the last quarter. Finally, Sterling Capital Management LLC bought a new stake in shares of Retail Opportunity Investments in the 2nd quarter worth $1,343,000. 96.01% of the stock is currently owned by institutional investors.

Shares of Retail Opportunity Investments (NASDAQ:ROIC) traded down $0.05 during trading on Thursday, reaching $19.77. The company’s stock had a trading volume of 418,885 shares, compared to its average volume of 919,265. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.06. The company has a market cap of $2,169.36, a P/E ratio of 17.81, a P/E/G ratio of 2.57 and a beta of 0.66. Retail Opportunity Investments has a 52-week low of $17.87 and a 52-week high of $22.37.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, December 14th will be paid a $0.188 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date is Wednesday, December 13th. Retail Opportunity Investments’s dividend payout ratio is presently 220.59%.

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Retail Opportunity Investments Company Profile

Retail Opportunity Investments Corp. (ROIC) is a fully integrated, self-managed real estate investment trust (REIT). The Company specializes in the acquisition, ownership and management of necessity-based community and neighborhood shopping centers on the west coast of the United States, anchored by supermarkets and drugstores.

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

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