Retail Opportunity Investments Corp (NASDAQ:ROIC) – Investment analysts at DA Davidson decreased their Q1 2018 EPS estimates for Retail Opportunity Investments in a report issued on Friday. DA Davidson analyst J. Lykins now anticipates that the real estate investment trust will post earnings of $0.29 per share for the quarter, down from their previous forecast of $0.30. DA Davidson also issued estimates for Retail Opportunity Investments’ Q2 2018 earnings at $0.29 EPS and FY2019 earnings at $1.24 EPS.
Other research analysts also recently issued research reports about the stock. BidaskClub upgraded shares of Retail Opportunity Investments from a “strong sell” rating to a “sell” rating in a report on Thursday. Citigroup lowered their price objective on shares of Retail Opportunity Investments from $20.50 to $20.00 and set a “neutral” rating on the stock in a report on Monday, October 30th. Zacks Investment Research downgraded shares of Retail Opportunity Investments from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. Capital One Financial restated an “overweight” rating on shares of Retail Opportunity Investments in a report on Monday, February 12th. Finally, Royal Bank of Canada restated a “buy” rating and set a $22.00 price objective on shares of Retail Opportunity Investments in a report on Monday, October 30th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $22.00.
Retail Opportunity Investments (NASDAQ:ROIC) last released its earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.01. Retail Opportunity Investments had a net margin of 14.08% and a return on equity of 2.95%. The company had revenue of $72.75 million for the quarter, compared to the consensus estimate of $71.07 million. During the same quarter in the previous year, the company earned $0.27 EPS. Retail Opportunity Investments’s quarterly revenue was up 15.3% compared to the same quarter last year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ROIC. Elkfork Partners LLC bought a new stake in shares of Retail Opportunity Investments in the 4th quarter worth $254,000. Xact Kapitalforvaltning AB bought a new stake in shares of Retail Opportunity Investments in the 4th quarter worth $227,000. Sterling Capital Management LLC grew its stake in shares of Retail Opportunity Investments by 17.1% in the 4th quarter. Sterling Capital Management LLC now owns 82,000 shares of the real estate investment trust’s stock worth $1,636,000 after acquiring an additional 12,000 shares in the last quarter. MetLife Investment Advisors LLC bought a new stake in shares of Retail Opportunity Investments in the 4th quarter worth $1,044,000. Finally, Teachers Advisors LLC grew its stake in shares of Retail Opportunity Investments by 13.0% in the 4th quarter. Teachers Advisors LLC now owns 1,855,720 shares of the real estate investment trust’s stock worth $37,022,000 after acquiring an additional 213,604 shares in the last quarter. Hedge funds and other institutional investors own 98.18% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be issued a dividend of $0.195 per share. This is an increase from Retail Opportunity Investments’s previous quarterly dividend of $0.19. The ex-dividend date is Wednesday, March 14th. This represents a $0.78 annualized dividend and a yield of 4.46%. Retail Opportunity Investments’s dividend payout ratio is presently 214.29%.
ILLEGAL ACTIVITY NOTICE: “Brokers Set Expectations for Retail Opportunity Investments Corp’s Q1 2018 Earnings (ROIC)” was originally posted by Ticker Report and is the property of of Ticker Report. If you are reading this story on another website, it was illegally stolen and republished in violation of US and international copyright laws. The legal version of this story can be accessed at https://www.tickerreport.com/banking-finance/3222280/brokers-set-expectations-for-retail-opportunity-investments-corps-q1-2018-earnings-roic.html.
About Retail Opportunity Investments
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.
Receive News & Ratings for Retail Opportunity Investments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Retail Opportunity Investments and related companies with MarketBeat.com's FREE daily email newsletter.