Wall Street brokerages expect Retail Opportunity Investments Corp (NASDAQ:ROIC) to announce $0.29 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Retail Opportunity Investments’ earnings, with the lowest EPS estimate coming in at $0.28 and the highest estimate coming in at $0.30. Retail Opportunity Investments also reported earnings per share of $0.29 during the same quarter last year. The company is scheduled to report its next quarterly earnings results after the market closes on Tuesday, October 23rd.

On average, analysts expect that Retail Opportunity Investments will report full year earnings of $1.16 per share for the current fiscal year, with EPS estimates ranging from $1.15 to $1.18. For the next year, analysts anticipate that the company will post earnings of $1.21 per share, with EPS estimates ranging from $1.19 to $1.23. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Retail Opportunity Investments.

Retail Opportunity Investments (NASDAQ:ROIC) last posted its earnings results on Wednesday, July 25th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.23). The firm had revenue of $72.34 million for the quarter, compared to analysts’ expectations of $73.23 million. Retail Opportunity Investments had a net margin of 13.23% and a return on equity of 2.90%. Retail Opportunity Investments’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the firm earned $0.27 earnings per share.

Several equities analysts have recently weighed in on the stock. ValuEngine lowered shares of Retail Opportunity Investments from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. JPMorgan Chase & Co. lowered shares of Retail Opportunity Investments from a “neutral” rating to an “underweight” rating in a report on Friday, June 15th. BidaskClub lowered shares of Retail Opportunity Investments from a “hold” rating to a “sell” rating in a report on Thursday, July 19th. Zacks Investment Research raised shares of Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research note on Thursday, August 16th. Finally, Wells Fargo & Co lifted their price target on shares of Retail Opportunity Investments from $16.50 to $18.00 and gave the company a “market perform” rating in a research note on Tuesday, July 31st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $19.64.

A number of institutional investors have recently added to or reduced their stakes in ROIC. Brown Advisory Inc. acquired a new stake in Retail Opportunity Investments in the 1st quarter valued at $188,000. Raymond James Trust N.A. acquired a new stake in Retail Opportunity Investments during the 2nd quarter worth $195,000. OppenheimerFunds Inc. acquired a new stake in Retail Opportunity Investments during the 2nd quarter worth $196,000. Daiwa Securities Group Inc. boosted its stake in Retail Opportunity Investments by 27.8% during the 1st quarter. Daiwa Securities Group Inc. now owns 14,700 shares of the real estate investment trust’s stock worth $260,000 after purchasing an additional 3,200 shares during the last quarter. Finally, Profund Advisors LLC boosted its stake in Retail Opportunity Investments by 25.6% during the 1st quarter. Profund Advisors LLC now owns 20,640 shares of the real estate investment trust’s stock worth $365,000 after purchasing an additional 4,201 shares during the last quarter.

Shares of NASDAQ:ROIC traded down $0.07 during trading on Tuesday, hitting $19.37. 24,793 shares of the stock traded hands, compared to its average volume of 737,028. The company has a debt-to-equity ratio of 1.17, a current ratio of 3.74 and a quick ratio of 3.74. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of 16.99, a price-to-earnings-growth ratio of 2.72 and a beta of 0.56. Retail Opportunity Investments has a 52-week low of $16.17 and a 52-week high of $20.26.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 27th. Investors of record on Thursday, September 13th will be paid a $0.195 dividend. The ex-dividend date of this dividend is Wednesday, September 12th. This represents a $0.78 dividend on an annualized basis and a yield of 4.03%. Retail Opportunity Investments’s dividend payout ratio is currently 68.42%.

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 June 30, 2018, ROIC owned 92 shopping centers encompassing approximately 10.6 million square feet.

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

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