Retail Opportunity Investments Corp (NASDAQ:ROIC) to Post FY2019 Earnings of $1.13 Per Share, Jefferies Financial Group Forecasts

Retail Opportunity Investments Corp (NASDAQ:ROIC) – Investment analysts at Jefferies Financial Group lowered their FY2019 earnings per share (EPS) estimates for shares of Retail Opportunity Investments in a research report issued on Tuesday, July 30th, according to Zacks Investment Research. Jefferies Financial Group analyst J. Petersen now anticipates that the real estate investment trust will earn $1.13 per share for the year, down from their previous forecast of $1.14. Jefferies Financial Group also issued estimates for Retail Opportunity Investments’ Q4 2019 earnings at $0.30 EPS.

Retail Opportunity Investments (NASDAQ:ROIC) last posted its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.02). The company had revenue of $72.93 million during the quarter, compared to the consensus estimate of $73.49 million. Retail Opportunity Investments had a return on equity of 3.50% and a net margin of 15.28%. The firm’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the company posted $0.27 earnings per share.

A number of other analysts have also weighed in on ROIC. DA Davidson reissued a “buy” rating on shares of Retail Opportunity Investments in a research note on Monday, July 29th. Zacks Investment Research upgraded Retail Opportunity Investments from a “sell” rating to a “hold” rating in a report on Wednesday, July 31st. BMO Capital Markets set a $18.00 price objective on Retail Opportunity Investments and gave the stock a “hold” rating in a report on Wednesday, July 24th. ValuEngine upgraded Retail Opportunity Investments from a “sell” rating to a “hold” rating in a report on Tuesday, July 9th. Finally, BidaskClub downgraded Retail Opportunity Investments from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 20th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Retail Opportunity Investments currently has an average rating of “Hold” and a consensus price target of $18.00.

ROIC traded down $0.37 during midday trading on Thursday, hitting $17.43. The stock had a trading volume of 936,277 shares, compared to its average volume of 1,109,954. The company has a market cap of $2.03 billion, a P/E ratio of 15.29, a price-to-earnings-growth ratio of 3.62 and a beta of 0.71. Retail Opportunity Investments has a 1 year low of $15.44 and a 1 year high of $19.80. The company has a debt-to-equity ratio of 1.16, a quick ratio of 4.36 and a current ratio of 4.36. The business has a fifty day moving average of $17.86 and a 200 day moving average of $17.43.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th will be given a dividend of $0.197 per share. The ex-dividend date is Wednesday, September 11th. This represents a $0.79 dividend on an annualized basis and a dividend yield of 4.52%. Retail Opportunity Investments’s payout ratio is currently 69.30%.

Several hedge funds have recently bought and sold shares of the company. First Hawaiian Bank bought a new stake in Retail Opportunity Investments during the 1st quarter valued at approximately $32,000. Tower Research Capital LLC TRC boosted its holdings in Retail Opportunity Investments by 765.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,852 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 1,638 shares during the period. Advisory Services Network LLC boosted its holdings in Retail Opportunity Investments by 2,023.9% during the 2nd quarter. Advisory Services Network LLC now owns 2,400 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 2,287 shares during the period. Quadrant Capital Group LLC boosted its holdings in Retail Opportunity Investments by 1,542.1% during the 1st quarter. Quadrant Capital Group LLC now owns 3,005 shares of the real estate investment trust’s stock valued at $51,000 after acquiring an additional 2,822 shares during the period. Finally, HM Payson & Co. purchased a new stake in shares of Retail Opportunity Investments in the 2nd quarter worth $51,000. 94.15% of the stock is currently owned by hedge funds and other institutional investors.

About Retail Opportunity Investments

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

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