Retail Opportunity Investments (NASDAQ:ROIC - Get Free Report) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of 1.030-1.050 for the period, compared to the consensus EPS estimate of 1.050. The company issued revenue guidance of -.
Analyst Upgrades and Downgrades
ROIC has been the topic of several analyst reports. StockNews.com upgraded Retail Opportunity Investments from a "sell" rating to a "hold" rating in a report on Monday, August 19th. Raymond James boosted their target price on shares of Retail Opportunity Investments from $15.00 to $16.00 and gave the company an "outperform" rating in a report on Friday, August 16th. Finally, Wells Fargo & Company raised their price target on shares of Retail Opportunity Investments from $13.50 to $16.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $15.00.
Read Our Latest Report on Retail Opportunity Investments
Retail Opportunity Investments Trading Down 0.3 %
ROIC traded down $0.04 on Tuesday, hitting $15.67. The company had a trading volume of 603,511 shares, compared to its average volume of 1,083,449. The company's fifty day moving average price is $15.52 and its 200 day moving average price is $13.78. Retail Opportunity Investments has a 1 year low of $10.98 and a 1 year high of $16.27. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.07. The firm has a market cap of $2.00 billion, a P/E ratio of 52.23, a PEG ratio of 2.07 and a beta of 1.45.
Retail Opportunity Investments (NASDAQ:ROIC - Get Free Report) last released its quarterly earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by ($0.19). The company had revenue of $83.32 million during the quarter, compared to analysts' expectations of $81.19 million. Retail Opportunity Investments had a net margin of 10.40% and a return on equity of 2.57%. Retail Opportunity Investments's revenue was up 1.6% on a year-over-year basis. During the same period last year, the firm posted $0.27 earnings per share. As a group, equities analysts expect that Retail Opportunity Investments will post 1.05 earnings per share for the current year.
About Retail Opportunity Investments
(
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 December 31, 2023, ROIC owned 94 shopping centers encompassing approximately 10.6 million square feet.
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