Retail Opportunity Investments (ROIC) to Release Earnings on Tuesday

Posted by Defense World Staff on Oct 17th, 2023

Retail Opportunity Investments (NASDAQ:ROIC – Get Free Report) will post its quarterly earnings results after the market closes on Tuesday, October 24th. Analysts expect Retail Opportunity Investments to post earnings of $0.27 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Retail Opportunity Investments Stock Up 2.2 %

NASDAQ:ROIC opened at $12.01 on Tuesday. Retail Opportunity Investments has a 12-month low of $11.34 and a 12-month high of $16.37. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $1.51 billion, a P/E ratio of 32.46, a P/E/G ratio of 4.83 and a beta of 1.40. The stock’s fifty day simple moving average is $13.11 and its 200-day simple moving average is $13.26.

Retail Opportunity Investments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 6th. Stockholders of record on Friday, September 15th were given a $0.15 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.60 annualized dividend and a dividend yield of 5.00%. Retail Opportunity Investments’s dividend payout ratio is currently 162.16%.

Insider Buying and Selling

In related news, Director Laura H. Pomerantz sold 4,000 shares of Retail Opportunity Investments stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $13.46, for a total transaction of $53,840.00. Following the completion of the transaction, the director now owns 51,557 shares in the company, valued at $693,957.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Retail Opportunity Investments

A number of institutional investors have recently made changes to their positions in ROIC. Norges Bank bought a new stake in shares of Retail Opportunity Investments during the fourth quarter worth approximately $17,732,000. State Street Corp boosted its holdings in shares of Retail Opportunity Investments by 11.9% during the first quarter. State Street Corp now owns 7,382,667 shares of the real estate investment trust’s stock worth $144,090,000 after acquiring an additional 787,907 shares during the period. BlackRock Inc. boosted its holdings in shares of Retail Opportunity Investments by 3.2% during the first quarter. BlackRock Inc. now owns 23,294,963 shares of the real estate investment trust’s stock worth $325,198,000 after acquiring an additional 713,120 shares during the period. Weiss Multi Strategy Advisers LLC bought a new stake in shares of Retail Opportunity Investments during the first quarter worth approximately $11,958,000. Finally, Invesco Ltd. boosted its holdings in shares of Retail Opportunity Investments by 105.1% during the first quarter. Invesco Ltd. now owns 902,047 shares of the real estate investment trust’s stock worth $17,490,000 after acquiring an additional 462,163 shares during the period. Institutional investors own 97.16% of the company’s stock.

Wall Street Analysts Forecast Growth

ROIC has been the topic of several research analyst reports. Wells Fargo & Company downgraded Retail Opportunity Investments from an “overweight” rating to an “equal weight” rating and raised their price objective for the stock from $14.00 to $15.00 in a research note on Wednesday, September 20th. StockNews.com raised Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research note on Monday. Finally, Raymond James raised Retail Opportunity Investments from a “market perform” rating to an “outperform” rating and set a $16.00 price objective on the stock in a research note on Tuesday, September 5th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Retail Opportunity Investments presently has an average rating of “Hold” and a consensus target price of $15.50.

Check Out Our Latest Research Report on Retail Opportunity Investments

Retail Opportunity Investments Company Profile

(Get Free Report)

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, 2023, ROIC owned 93 shopping centers encompassing approximately 10.6 million square feet.