Retail Opportunity Investments (ROIC) Expected to Announce Quarterly Earnings on Wednesday

Retail Opportunity Investments (NASDAQ:ROIC - Get Free Report) is expected to announce its earnings results before the market opens on Wednesday, February 12th. Analysts expect the company to announce earnings of $0.06 per share and revenue of $83.45 million for the quarter.

Retail Opportunity Investments Stock Performance

Shares of NASDAQ ROIC traded down $0.01 during trading hours on Friday, reaching $17.48. 1,475,930 shares of the stock were exchanged, compared to its average volume of 1,467,676. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.92 and a current ratio of 1.92. The stock's fifty day simple moving average is $17.42 and its 200 day simple moving average is $16.32. Retail Opportunity Investments has a 52 week low of $11.87 and a 52 week high of $17.52. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of 38.00 and a beta of 1.45.

Analyst Upgrades and Downgrades

Several brokerages have commented on ROIC. StockNews.com initiated coverage on shares of Retail Opportunity Investments in a research report on Thursday. They set a "hold" rating for the company. Raymond James lowered shares of Retail Opportunity Investments from an "outperform" rating to a "market perform" rating in a report on Wednesday, October 30th. Bank of America began coverage on shares of Retail Opportunity Investments in a research report on Thursday, October 24th. They set an "underperform" rating and a $14.00 price objective for the company. Robert W. Baird reissued a "neutral" rating and issued a $17.50 price target (up from $16.00) on shares of Retail Opportunity Investments in a research note on Thursday, November 7th. Finally, KeyCorp lowered shares of Retail Opportunity Investments from an "overweight" rating to a "sector weight" rating in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $16.20.

Retail Opportunity Investments Company Profile

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.