News coverage about Retail Opportunity Investments Corp. (NASDAQ:ROIC) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Retail Opportunity Investments Corp. earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 46.0311907190848 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of Retail Opportunity Investments Corp. (NASDAQ ROIC) traded down 1.40% during mid-day trading on Friday, hitting $19.76. The company had a trading volume of 235,425 shares. Retail Opportunity Investments Corp. has a 12 month low of $18.45 and a 12 month high of $22.98.
Retail Opportunity Investments Corp. (NASDAQ:ROIC) last announced its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by $0.01. The firm had revenue of $66.64 million for the quarter, compared to analyst estimates of $66.18 million. Retail Opportunity Investments Corp. had a return on equity of 2.71% and a net margin of 13.92%. The business’s revenue was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.27 earnings per share. On average, equities research analysts anticipate that Retail Opportunity Investments Corp. will post $0.37 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, September 14th will be paid a dividend of $0.188 per share. The ex-dividend date of this dividend is Wednesday, September 13th. This is a positive change from Retail Opportunity Investments Corp.’s previous quarterly dividend of $0.19. This represents a $0.75 annualized dividend and a yield of 3.75%. Retail Opportunity Investments Corp.’s dividend payout ratio is currently 227.28%.
Several research firms have recently commented on ROIC. Zacks Investment Research upgraded Retail Opportunity Investments Corp. from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Wednesday, July 12th. Royal Bank Of Canada upgraded Retail Opportunity Investments Corp. from a “sector perform” rating to an “outperform” rating and set a $23.00 price target on the stock in a report on Thursday. BidaskClub upgraded Retail Opportunity Investments Corp. from a “sell” rating to a “hold” rating in a report on Sunday, July 16th. Jefferies Group LLC reiterated a “buy” rating and set a $26.00 price target on shares of Retail Opportunity Investments Corp. in a report on Wednesday, June 14th. Finally, Citigroup Inc. reiterated a “neutral” rating and set a $21.00 price target (down previously from $22.00) on shares of Retail Opportunity Investments Corp. in a report on Tuesday, June 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $23.14.
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Retail Opportunity Investments Corp. Company Profile
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.
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