$74.27 million in sales for Retail Opportunity Investments Corp. (NASDAQ:ROIC) expected this quarter

Brokers assume that Retail Opportunity Investments Corp. (NASDAQ:ROIC – Get Rating) will report revenue of $74.27 million for the current fiscal quarter, reports Zacks. Two analysts have released estimates for Retail Opportunity Investments revenue, with the lowest revenue estimate being $73.26 million and the highest estimate being $75.27 million. Retail Opportunity Investments reported revenue of $69.19 million for the same quarter last year, indicating a positive growth rate of 7.3% year over year. The company is expected to release its next quarterly results on Tuesday, April 26th.

According to Zacks, analysts expect Retail Opportunity Investments to report full-year revenue of $297.14 million for the current fiscal year, with estimates ranging from $288.94 million to $307.95 million. For the next fiscal year, analysts expect the company to post revenue of $311.89 million, with estimates ranging from $300.02 million to $329.11 million. Zacks’ selling averages are averages based on a survey of sell-side analysts covering retail opportunity investments.

Retail Opportunity Investments (NASDAQ:ROIC – Get Rating) last announced its quarterly earnings results on Tuesday, February 15th. The Real Estate Investment Trust reported earnings per share (EPS) of $0.07 for the quarter, matching the consensus estimate of $0.07. The company had revenue of $72.80 million for the quarter, compared to analyst estimates of $71.53 million. Retail Opportunity Investments had a net margin of 18.83% and a return on equity of 4.01%. The company’s revenue fell 0.2% year over year. In the same quarter last year, the company earned $0.27 per share.

Separately, Zacks Investment Research downgraded Retail Opportunity Investments from a “hold” rating to a “sell” rating in a research note on Wednesday, February 16.

ROIC stock opened at $18.16 on Tuesday. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt to equity ratio of 0.97. The company has a market cap of $2.21 billion, a PE ratio of 41.27, a PEG ratio of 4.95 and a beta of 1.46. Retail Opportunity Investments has a 1-year low of $15.47 and a 1-year high of $20.09. The company’s 50-day simple moving average is $18.71 and its 200-day simple moving average is $18.27.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 8th. Shareholders of record on Friday, March 18 will receive a dividend of $0.13. That equates to an annual dividend of $0.52 and a yield of 2.86%. The ex-dividend date of this dividend is Thursday March 17th. This is an increase from Retail Opportunity Investments’ previous quarterly dividend of $0.11. Retail Opportunity Investments’ payout ratio is currently 100.00%.

Several hedge funds recently changed their holdings in the company. Allianz Asset Management GmbH increased its position in shares of Retail Opportunity Investments by 3.6% in the third quarter. Allianz Asset Management GmbH now owns 352,205 shares of the real estate investment trust worth $6,135,000 after purchasing an additional 12,205 shares last quarter. The Alaska Department of Treasury increased its position in shares of Retail Opportunity Investments by 14.5% in the third quarter. The Alaska Department of Treasury now owns 149,706 shares of the real estate investment trust worth $2,606,000 after purchasing an additional 18,904 shares last quarter. State Street Corp increased its position in Retail Opportunity Investments shares by 1.8% in the second quarter. State Street Corp now owns 6,182,666 shares of the Real Estate Investment Trust worth $109,861,000 after purchasing an additional 107,959 shares last quarter. The Royal Bank of Canada increased its position in Retail Opportunity Investments shares by 64.2% in the second quarter. The Royal Bank of Canada now owns 18,720 shares of the real estate investment trust worth $331,000 after buying another 7,317 shares last quarter. Finally, Nevada Inc.’s Whittier Trust Co. increased its holding in Retail Opportunity Investments by 4.6% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 41,514 shares of the Real Estate Investment Trust valued at $723,000 after purchasing an additional 1,816 shares during the period. 97.47% of the shares are owned by institutional investors.

Retail Opportunity Investments Company Profile (get rating)

Retail Opportunity Investments Corp. is a self-managed real estate fund. The Company is engaged in the ownership, management and redevelopment of retail properties. The Company specializes in the acquisition, ownership and management of grocery shopping malls located in densely populated metropolitan markets on the West Coast.

Further reading

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