Retail Opportunity Investments (ROIC) Earning Positive Press Coverage, Study Shows

Press coverage about Retail Opportunity Investments (NASDAQ:ROIC) has trended positive recently, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Retail Opportunity Investments earned a daily sentiment score of 0.26 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 47.7671670283448 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

A number of equities research analysts have commented on the company. Jefferies Group cut Retail Opportunity Investments from a “buy” rating to a “hold” rating and decreased their price target for the company from $25.00 to $21.00 in a research note on Friday, September 15th. Zacks Investment Research cut Retail Opportunity Investments from a “hold” rating to a “sell” rating in a research note on Wednesday. FBR & Co set a $23.00 price objective on Retail Opportunity Investments and gave the company a “hold” rating in a report on Wednesday, October 11th. KeyCorp reissued a “hold” rating on shares of Retail Opportunity Investments in a report on Sunday, September 24th. Finally, Citigroup cut their price objective on Retail Opportunity Investments from $20.50 to $20.00 and set a “neutral” rating on the stock in a report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. Retail Opportunity Investments currently has a consensus rating of “Hold” and a consensus target price of $22.00.

Retail Opportunity Investments (ROIC) opened at $19.00 on Thursday. The stock has a market capitalization of $2,070.00, a P/E ratio of 61.29, a price-to-earnings-growth ratio of 2.39 and a beta of 0.68. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.06. Retail Opportunity Investments has a 1 year low of $17.87 and a 1 year high of $22.37.

Retail Opportunity Investments (NASDAQ:ROIC) last issued its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.21). The business had revenue of $67.97 million for the quarter, compared to analysts’ expectations of $68.34 million. Retail Opportunity Investments had a return on equity of 2.86% and a net margin of 14.13%. The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.26 EPS. equities analysts forecast that Retail Opportunity Investments will post 1.13 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Thursday, December 14th were given a dividend of $0.188 per share. The ex-dividend date of this dividend was Wednesday, December 13th. This represents a $0.75 dividend on an annualized basis and a yield of 3.96%. Retail Opportunity Investments’s dividend payout ratio is currently 241.94%.

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Retail Opportunity Investments 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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