Retail Opportunity Investments Corp. (ROIC) Getting Somewhat Positive News Coverage, Study Shows
Media stories about Retail Opportunity Investments Corp. (NASDAQ:ROIC) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Retail Opportunity Investments Corp. earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 46.7567772219458 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Several brokerages have recently weighed in on ROIC. Royal Bank Of Canada reiterated a “hold” rating and issued a $23.00 price target on shares of Retail Opportunity Investments Corp. in a research report on Thursday, July 27th. Zacks Investment Research cut Retail Opportunity Investments Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. KeyCorp reiterated a “hold” rating on shares of Retail Opportunity Investments Corp. in a research report on Friday, August 25th. Robert W. Baird reiterated a “buy” rating and issued a $22.00 price target on shares of Retail Opportunity Investments Corp. in a research report on Thursday, August 24th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $25.00 price target on shares of Retail Opportunity Investments Corp. in a research report on Tuesday, July 25th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $22.00.
Retail Opportunity Investments Corp. (NASDAQ ROIC) traded up $0.13 during trading on Friday, reaching $19.01. The company had a trading volume of 846,188 shares, compared to its average volume of 945,274. Retail Opportunity Investments Corp. has a twelve month low of $17.87 and a twelve month high of $22.37. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.64 and a current ratio of 1.64. The stock has a market capitalization of $2,080.00, a PE ratio of 16.88, a price-to-earnings-growth ratio of 2.49 and a beta of 0.66.
Retail Opportunity Investments Corp. (NASDAQ:ROIC) last posted its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.21). Retail Opportunity Investments Corp. had a return on equity of 2.86% and a net margin of 14.13%. The business had revenue of $67.97 million for the quarter, compared to analysts’ expectations of $68.34 million. During the same quarter in the previous year, the firm earned $0.26 earnings per share. Retail Opportunity Investments Corp.’s quarterly revenue was up 14.5% compared to the same quarter last year. equities research analysts predict that Retail Opportunity Investments Corp. will post 1.13 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, December 14th will be given a dividend of $0.188 per share. This represents a $0.75 annualized dividend and a yield of 3.96%. The ex-dividend date of this dividend is Wednesday, December 13th. Retail Opportunity Investments Corp.’s payout ratio is 241.94%.
Retail Opportunity Investments Corp. Company Profile
Retail Opportunity Investments Corp. (ROIC) is a fully integrated, self-managed real estate investment trust (REIT). The Company specializes in the acquisition, ownership and management of necessity-based community and neighborhood shopping centers on the west coast of the United States, anchored by supermarkets and drugstores.
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