Retail Opportunity Investments Corp (NASDAQ:ROIC) – Equities research analysts at Jefferies Financial Group decreased their Q2 2019 EPS estimates for Retail Opportunity Investments in a research note issued on Monday, July 15th. Jefferies Financial Group analyst O. Okusanya now anticipates that the real estate investment trust will earn $0.28 per share for the quarter, down from their prior forecast of $0.29. Jefferies Financial Group also issued estimates for Retail Opportunity Investments’ Q1 2020 earnings at $0.28 EPS, Q2 2020 earnings at $0.29 EPS, Q3 2020 earnings at $0.28 EPS, Q4 2020 earnings at $0.29 EPS and Q1 2021 earnings at $0.29 EPS.
Retail Opportunity Investments (NASDAQ:ROIC) last posted its earnings results on Wednesday, April 24th. The real estate investment trust reported $0.29 EPS for the quarter, meeting analysts’ consensus estimates of $0.29. Retail Opportunity Investments had a net margin of 15.22% and a return on equity of 3.46%. The business had revenue of $76.05 million for the quarter, compared to the consensus estimate of $75.31 million. During the same quarter last year, the firm posted $0.30 EPS. The company’s revenue for the quarter was up 2.2% on a year-over-year basis.
Shares of Retail Opportunity Investments stock opened at $17.86 on Tuesday. The stock has a 50 day moving average price of $17.27. The company has a debt-to-equity ratio of 1.14, a quick ratio of 2.13 and a current ratio of 2.13. Retail Opportunity Investments has a 52-week low of $15.44 and a 52-week high of $19.80. The stock has a market cap of $2.04 billion, a P/E ratio of 15.67, a P/E/G ratio of 3.73 and a beta of 0.71.
Several institutional investors have recently modified their holdings of ROIC. Norges Bank purchased a new position in shares of Retail Opportunity Investments in the 4th quarter worth approximately $20,652,000. Centersquare Investment Management LLC purchased a new stake in Retail Opportunity Investments during the 1st quarter worth approximately $19,668,000. Janus Henderson Group PLC purchased a new stake in Retail Opportunity Investments during the 1st quarter worth approximately $9,049,000. Federated Investors Inc. PA grew its position in Retail Opportunity Investments by 14.2% during the 1st quarter. Federated Investors Inc. PA now owns 3,060,003 shares of the real estate investment trust’s stock worth $53,060,000 after purchasing an additional 379,498 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. grew its position in Retail Opportunity Investments by 239.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 434,833 shares of the real estate investment trust’s stock worth $6,905,000 after purchasing an additional 306,648 shares during the last quarter. 92.00% of the stock is currently owned by hedge funds and other institutional investors.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th were given a $0.197 dividend. This represents a $0.79 dividend on an annualized basis and a dividend yield of 4.41%. The ex-dividend date was Wednesday, June 12th. Retail Opportunity Investments’s payout ratio is currently 69.30%.
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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