Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC – Get Rating) reached a new 52-week low on Thursday . The company traded as low as $15.07 and last traded at $15.31, with a volume of 20395 shares traded. The stock had previously closed at $15.71.
A number of brokerages have recently commented on ROIC. Capital One Financial reissued an “equal weight” rating on shares of Retail Opportunity Investments in a research report on Monday, April 18th. StockNews.com initiated coverage on Retail Opportunity Investments in a research note on Thursday, March 31st. They issued a “hold” rating for the company. TheStreet upgraded Retail Opportunity Investments from a “c+” rating to a “b-” rating in a research note on Monday, April 25th. Finally, Wells Fargo & Company increased their price target on Retail Opportunity Investments from $17.00 to $19.00 and gave the stock an “underweight” rating in a research note on Thursday, April 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $19.00.
The firm has a market cap of $1.89 billion, a P/E ratio of 33.43, a P/E/G ratio of 1.99 and a beta of 1.38. The company’s 50 day simple moving average is $18.15 and its 200-day simple moving average is $18.51. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.95.
Retail Opportunity Investments (NASDAQ:ROIC – Get Rating) last issued its quarterly earnings data on Monday, April 25th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02. The company had revenue of $75.04 million for the quarter, compared to analyst estimates of $73.21 million. Retail Opportunity Investments had a net margin of 19.81% and a return on equity of 4.26%. Retail Opportunity Investments’s revenue was up 8.9% compared to the same quarter last year. During the same period last year, the company posted $0.24 earnings per share. Equities research analysts predict that Retail Opportunity Investments Corp. will post 1.08 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 8th. Stockholders of record on Friday, June 17th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, June 16th. This represents a $0.52 annualized dividend and a dividend yield of 3.41%. Retail Opportunity Investments’s payout ratio is currently 110.64%.
A number of hedge funds and other institutional investors have recently bought and sold shares of ROIC. CWM LLC acquired a new position in shares of Retail Opportunity Investments in the fourth quarter worth about $30,000. Point72 Hong Kong Ltd acquired a new position in shares of Retail Opportunity Investments in the 4th quarter worth approximately $52,000. Acadian Asset Management LLC acquired a new position in shares of Retail Opportunity Investments in the 4th quarter worth approximately $77,000. LPL Financial LLC acquired a new stake in Retail Opportunity Investments during the 3rd quarter worth approximately $176,000. Finally, Van ECK Associates Corp lifted its holdings in Retail Opportunity Investments by 66.9% during the 4th quarter. Van ECK Associates Corp now owns 9,252 shares of the real estate investment trust’s stock worth $181,000 after buying an additional 3,709 shares in the last quarter. Institutional investors own 96.17% of the company’s stock.
Retail Opportunity Investments Company Profile (NASDAQ:ROIC)
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 September 30, 2020, ROIC owned 88 shopping centers encompassing approximately 10.1 million square feet.
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