Retail Opportunity Investments Corp (NASDAQ:ROIC) – Investment analysts at KeyCorp issued their Q1 2019 earnings estimates for shares of Retail Opportunity Investments in a research report issued to clients and investors on Thursday, October 25th. KeyCorp analyst T. Thomas forecasts that the real estate investment trust will post earnings of $0.29 per share for the quarter. KeyCorp also issued estimates for Retail Opportunity Investments’ Q2 2019 earnings at $0.28 EPS, Q3 2019 earnings at $0.29 EPS, Q4 2019 earnings at $0.29 EPS, FY2019 earnings at $1.15 EPS and FY2020 earnings at $1.17 EPS.
Other equities research analysts also recently issued reports about the company. Capital One Financial downgraded Retail Opportunity Investments from an “overweight” rating to an “equal weight” rating in a research report on Thursday, July 26th. Zacks Investment Research raised Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research report on Saturday, September 22nd. BMO Capital Markets started coverage on Retail Opportunity Investments in a research report on Tuesday, September 18th. They set a “hold” rating and a $20.00 target price on the stock. ValuEngine upgraded Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research report on Tuesday, August 28th. Finally, BidaskClub upgraded Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research report on Thursday, August 2nd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. Retail Opportunity Investments has a consensus rating of “Hold” and a consensus price target of $19.21.
Retail Opportunity Investments (NASDAQ:ROIC) last announced its quarterly earnings results on Tuesday, October 23rd. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.22). The company had revenue of $73.90 million for the quarter, compared to analyst estimates of $73.15 million. Retail Opportunity Investments had a return on equity of 3.26% and a net margin of 14.69%. Retail Opportunity Investments’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.29 earnings per share.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be given a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 4.42%. The ex-dividend date is Thursday, December 13th. Retail Opportunity Investments’s dividend payout ratio (DPR) is presently 68.42%.
Several large investors have recently bought and sold shares of the company. Raymond James Trust N.A. purchased a new position in Retail Opportunity Investments in the 2nd quarter valued at about $195,000. OppenheimerFunds Inc. purchased a new position in Retail Opportunity Investments in the 2nd quarter valued at about $196,000. Brown Advisory Inc. purchased a new position in Retail Opportunity Investments in the 1st quarter valued at about $188,000. Ramsey Quantitative Systems lifted its stake in Retail Opportunity Investments by 46.0% in the 2nd quarter. Ramsey Quantitative Systems now owns 19,688 shares of the real estate investment trust’s stock valued at $377,000 after buying an additional 6,200 shares in the last quarter. Finally, Xact Kapitalforvaltning AB lifted its stake in Retail Opportunity Investments by 81.6% in the 1st quarter. Xact Kapitalforvaltning AB now owns 20,697 shares of the real estate investment trust’s stock valued at $366,000 after buying an additional 9,300 shares in the last quarter.
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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