ROIC has been the subject of a number of other reports. Zacks Investment Research cut shares of ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday. ValuEngine raised shares of XCel Brands from a “sell” rating to a “hold” rating in a research note on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $18.00.
Shares of Retail Opportunity Investments stock opened at $17.95 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 1.14, a quick ratio of 2.13 and a current ratio of 2.13. The stock has a market capitalization of $2.05 billion, a PE ratio of 15.75, a PEG ratio of 3.73 and a beta of 0.71. The firm has a 50-day moving average of $17.21.
Retail Opportunity Investments (NASDAQ:ROIC) last issued its earnings results on Wednesday, April 24th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.29. Retail Opportunity Investments had a net margin of 15.22% and a return on equity of 3.46%. The company had revenue of $76.05 million during the quarter, compared to analysts’ expectations of $75.31 million. During the same period last year, the company posted $0.30 earnings per share. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. On average, research analysts predict that Retail Opportunity Investments will post 1.14 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the company. Texas Permanent School Fund increased its stake in shares of Retail Opportunity Investments by 5.1% during the 4th quarter. Texas Permanent School Fund now owns 74,590 shares of the real estate investment trust’s stock worth $1,184,000 after purchasing an additional 3,632 shares in the last quarter. Geode Capital Management LLC boosted its position in Retail Opportunity Investments by 9.5% during the fourth quarter. Geode Capital Management LLC now owns 1,602,715 shares of the real estate investment trust’s stock worth $25,451,000 after acquiring an additional 138,664 shares during the last quarter. Thompson Siegel & Walmsley LLC boosted its position in Retail Opportunity Investments by 9.9% during the first quarter. Thompson Siegel & Walmsley LLC now owns 881,084 shares of the real estate investment trust’s stock worth $15,278,000 after acquiring an additional 79,247 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in Retail Opportunity Investments by 1.8% during the first quarter. Oregon Public Employees Retirement Fund now owns 44,146 shares of the real estate investment trust’s stock worth $765,000 after acquiring an additional 797 shares during the last quarter. Finally, Cipher Capital LP acquired a new stake in Retail Opportunity Investments during the fourth quarter worth approximately $198,000. 92.00% of the stock is owned by institutional investors and hedge funds.
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 March 31, 2019, ROIC owned 90 shopping centers encompassing approximately 10.3 million square feet.
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