Retail Opportunity Investments Corp. (ROIC) Expected to Post FY2017 Earnings of $1.14 Per Share

Retail Opportunity Investments Corp. (NASDAQ:ROIC) – Research analysts at Jefferies Group boosted their FY2017 earnings per share estimates for shares of Retail Opportunity Investments Corp. in a report issued on Monday. Jefferies Group analyst G. Hoglund now forecasts that the real estate investment trust will post earnings per share of $1.14 for the year, up from their previous forecast of $1.13. Jefferies Group currently has a “Hold” rating and a $20.00 target price on the stock.

ROIC has been the topic of a number of other reports. KeyCorp reiterated a “hold” rating on shares of Retail Opportunity Investments Corp. in a report on Friday, August 25th. 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, August 17th. Citigroup Inc. reiterated a “neutral” rating and issued a $19.00 price target (down from $21.00) on shares of Retail Opportunity Investments Corp. in a report on Monday, July 10th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $22.00 price target on shares of Retail Opportunity Investments Corp. in a report on Thursday, August 24th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $22.00.

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Retail Opportunity Investments Corp. (NASDAQ:ROIC) last posted its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.21). Retail Opportunity Investments Corp. had a net margin of 14.13% and a return on equity of 2.86%. The company had revenue of $67.97 million for the quarter, compared to analyst estimates of $68.34 million. During the same quarter in the previous year, the business posted $0.26 earnings per share. Retail Opportunity Investments Corp.’s revenue was up 14.5% on a year-over-year basis.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, December 14th will be issued a $0.188 dividend. The ex-dividend date is Wednesday, December 13th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 4.18%. Retail Opportunity Investments Corp.’s dividend payout ratio is presently 220.59%.

Several large investors have recently made changes to their positions in the company. Louisiana State Employees Retirement System increased its holdings in shares of Retail Opportunity Investments Corp. by 0.4% in the 2nd quarter. Louisiana State Employees Retirement System now owns 44,700 shares of the real estate investment trust’s stock valued at $858,000 after acquiring an additional 200 shares during the period. Pinebridge Investments L.P. increased its holdings in shares of Retail Opportunity Investments Corp. by 1.4% in the 2nd quarter. Pinebridge Investments L.P. now owns 14,458 shares of the real estate investment trust’s stock valued at $277,000 after acquiring an additional 201 shares during the period. Nomura Asset Management Co. Ltd. increased its holdings in shares of Retail Opportunity Investments Corp. by 0.4% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 70,380 shares of the real estate investment trust’s stock valued at $1,480,000 after acquiring an additional 250 shares during the period. Arizona State Retirement System increased its holdings in shares of Retail Opportunity Investments Corp. by 0.5% in the 2nd quarter. Arizona State Retirement System now owns 57,225 shares of the real estate investment trust’s stock valued at $1,098,000 after acquiring an additional 300 shares during the period. Finally, Amalgamated Bank increased its holdings in shares of Retail Opportunity Investments Corp. by 2.2% in the 2nd quarter. Amalgamated Bank now owns 14,651 shares of the real estate investment trust’s stock valued at $281,000 after acquiring an additional 312 shares during the period. Institutional investors and hedge funds own 94.87% of the company’s stock.

About Retail Opportunity Investments Corp.

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.

Earnings History and Estimates for Retail Opportunity Investments Corp. (NASDAQ:ROIC)

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