Wall Street brokerages expect Retail Opportunity Investments Corp (NASDAQ:ROIC) to report $73.08 million in sales for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Retail Opportunity Investments’ earnings. The lowest sales estimate is $72.70 million and the highest is $73.67 million. Retail Opportunity Investments reported sales of $66.64 million in the same quarter last year, which would suggest a positive year over year growth rate of 9.7%. The business is scheduled to report its next earnings results after the market closes on Wednesday, July 25th.
According to Zacks, analysts expect that Retail Opportunity Investments will report full-year sales of $297.12 million for the current year, with estimates ranging from $290.66 million to $303.00 million. For the next year, analysts forecast that the firm will post sales of $310.98 million per share, with estimates ranging from $303.75 million to $318.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Retail Opportunity Investments.
Retail Opportunity Investments (NASDAQ:ROIC) last posted its quarterly earnings data on Wednesday, April 25th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.20). Retail Opportunity Investments had a return on equity of 2.98% and a net margin of 13.85%. The firm had revenue of $74.40 million for the quarter, compared to analyst estimates of $72.67 million. During the same quarter last year, the company earned $0.28 earnings per share. The company’s quarterly revenue was up 12.9% compared to the same quarter last year.
In other Retail Opportunity Investments news, Director Charles J. Persico sold 5,800 shares of the firm’s stock in a transaction on Tuesday, May 1st. The shares were sold at an average price of $17.13, for a total value of $99,354.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.20% of the company’s stock.
Large investors have recently bought and sold shares of the business. Principal Financial Group Inc. lifted its stake in shares of Retail Opportunity Investments by 4.9% in the first quarter. Principal Financial Group Inc. now owns 873,099 shares of the real estate investment trust’s stock valued at $15,428,000 after buying an additional 40,486 shares in the last quarter. Xact Kapitalforvaltning AB lifted its stake in shares of Retail Opportunity Investments by 81.6% in the first quarter. Xact Kapitalforvaltning AB now owns 20,697 shares of the real estate investment trust’s stock valued at $366,000 after buying an additional 9,300 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of Retail Opportunity Investments by 13.4% in the first quarter. Legal & General Group Plc now owns 555,306 shares of the real estate investment trust’s stock valued at $9,810,000 after buying an additional 65,764 shares in the last quarter. Guggenheim Capital LLC lifted its stake in shares of Retail Opportunity Investments by 57.9% in the first quarter. Guggenheim Capital LLC now owns 315,369 shares of the real estate investment trust’s stock valued at $5,573,000 after buying an additional 115,640 shares in the last quarter. Finally, Barclays PLC lifted its stake in shares of Retail Opportunity Investments by 41.5% in the first quarter. Barclays PLC now owns 167,186 shares of the real estate investment trust’s stock valued at $2,954,000 after buying an additional 49,047 shares in the last quarter. Institutional investors and hedge funds own 97.38% of the company’s stock.
ROIC opened at $18.78 on Monday. Retail Opportunity Investments has a twelve month low of $16.17 and a twelve month high of $20.78. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 1.13. The firm has a market cap of $2.12 billion, a PE ratio of 16.47, a PEG ratio of 2.49 and a beta of 0.58.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 28th. Shareholders of record on Thursday, June 14th will be issued a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date is Wednesday, June 13th. Retail Opportunity Investments’s payout ratio is 68.42%.
Retail Opportunity Investments Company Profile
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, 2018, ROIC owned 91 shopping centers encompassing approximately 10.5 million square feet.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.