Retail Opportunity Investments Corp. (NASDAQ:ROIC) Forecasted to Post Q2 2022 Earnings of $0.26 Per Share

Retail Opportunity Investments Corp. (NASDAQ:ROIC) – Equities research analysts at Jefferies Financial Group lowered their Q2 2022 earnings per share estimates for Retail Opportunity Investments in a research note issued to investors on Wednesday, November 24th. Jefferies Financial Group analyst L. Tsai now anticipates that the real estate investment trust will earn $0.26 per share for the quarter, down from their prior forecast of $0.27. Jefferies Financial Group also issued estimates for Retail Opportunity Investments’ Q3 2022 earnings at $0.28 EPS and FY2023 earnings at $1.15 EPS.

A number of other brokerages also recently issued reports on ROIC. Zacks Investment Research raised Retail Opportunity Investments from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Tuesday. Wells Fargo & Company boosted their price target on Retail Opportunity Investments from $16.00 to $17.00 and gave the company an “underweight” rating in a report on Thursday, August 26th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $18.00.

Retail Opportunity Investments stock opened at $18.68 on Thursday. The company has a quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 0.98. Retail Opportunity Investments has a 52 week low of $12.79 and a 52 week high of $18.97. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 41.51, a price-to-earnings-growth ratio of 5.39 and a beta of 1.46. The stock has a 50-day moving average price of $18.12 and a 200 day moving average price of $17.86.

Retail Opportunity Investments (NASDAQ:ROIC) last released its earnings results on Monday, October 25th. The real estate investment trust reported $0.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.11. Retail Opportunity Investments had a return on equity of 4.10% and a net margin of 18.96%. The firm had revenue of $71.39 million during the quarter, compared to the consensus estimate of $70.14 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. The company’s revenue was up 2.3% compared to the same quarter last year.

Several institutional investors and hedge funds have recently modified their holdings of ROIC. Eaton Vance Management purchased a new stake in shares of Retail Opportunity Investments during the first quarter worth approximately $26,000. Dark Forest Capital Management LP purchased a new stake in Retail Opportunity Investments in the 2nd quarter valued at $28,000. William Blair Investment Management LLC purchased a new stake in Retail Opportunity Investments in the 2nd quarter valued at $31,000. Arkadios Wealth Advisors grew its holdings in Retail Opportunity Investments by 306.1% in the 2nd quarter. Arkadios Wealth Advisors now owns 2,274 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 1,714 shares in the last quarter. Finally, Van ECK Associates Corp grew its holdings in Retail Opportunity Investments by 18.2% in the 3rd quarter. Van ECK Associates Corp now owns 5,543 shares of the real estate investment trust’s stock valued at $97,000 after buying an additional 853 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 7th. Investors of record on Friday, December 17th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend is Thursday, December 16th. Retail Opportunity Investments’s payout ratio is 97.78%.

Retail Opportunity Investments Company Profile

Retail Opportunity Investments Corp. operates as a self-managed real estate investment trust. The company engages in the ownership, management, and redevelopment of retail real estate properties. It specializes in the acquisition, ownership and management of grocery-anchored shopping centers located in densely-populated, metropolitan markets across the West Coast.

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

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