Retail Opportunity Investments (ROIC) Stock Price, News & Analysis

Company Overview

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. ROIC is the largest publicly-traded, grocery-anchored shopping center REIT focused exclusively on the West Coast. ROIC is a member of the S&P SmallCap 600 Index and has investment-grade corporate debt ratings from Moody's Investor Services, S&P Global Ratings and Fitch Ratings, Inc.

Key Stats

• Today's Range: $17.27 to $17.33
• 50-Day Range: $15.50 to $17.47
• 52-Week Range: $11.87 to $17.52
• Volume: 3.80 million shs
• Average Volume: 1.32 million shs
• Market Capitalization: $2.23 billion
• P/E Ratio: 37.63
• Dividend Yield: 3.47%
• Price Target: $16.17
• Consensus Rating: Reduce

Retail Opportunity Investments Stock Analysis - MarketRank™

Retail Opportunity Investments scored higher than 58% of companies evaluated by MarketBeat, and ranked 498th out of 937 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.9 / 5
• Analyst Rating: Reduce

Consensus Rating

Retail Opportunity Investments has received a consensus rating of Reduce. The company's average rating score is 1.86, and is based on no buy ratings, 6 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Retail Opportunity Investments has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: 0.96%

Earnings Growth

Earnings for Retail Opportunity Investments are expected to grow by 0.96% in the coming year, from $1.04 to $1.05 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Retail Opportunity Investments is 37.63, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.29.

Price to Earnings Ratio vs. Sector

The P/E ratio of Retail Opportunity Investments is 37.63, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 28.96.

Price to Book Value per Share Ratio

Retail Opportunity Investments has a P/B Ratio of 1.60. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.15% of the outstanding shares of Retail Opportunity Investments have been sold short.

Short Interest Ratio / Days to Cover

Retail Opportunity Investments has a short interest ratio ("days to cover") of 0.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Retail Opportunity Investments has recently decreased by 7.50%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Retail Opportunity Investments pays a meaningful dividend of 3.44%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Retail Opportunity Investments does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Retail Opportunity Investments is 130.43%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Retail Opportunity Investments will have a dividend payout ratio of 57.14% next year. This indicates that Retail Opportunity Investments will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.15% of the outstanding shares of Retail Opportunity Investments have been sold short.

Short Interest Ratio / Days to Cover

Retail Opportunity Investments has a short interest ratio ("days to cover") of 0.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Retail Opportunity Investments has recently decreased by 7.50%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.1 / 5
• News Sentiment: 1.55

News Sentiment

Retail Opportunity Investments has a news sentiment score of 1.55. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.78 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Retail Opportunity Investments this week, compared to 3 articles on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Retail Opportunity Investments insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 3.00% of the stock of Retail Opportunity Investments is held by insiders.

Percentage Held by Institutions

97.16% of the stock of Retail Opportunity Investments is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

ROIC Stock Analysis - Frequently Asked Questions

How have ROIC shares performed this year?

Retail Opportunity Investments' stock was trading at $14.03 on January 1st, 2024. Since then, ROIC stock has increased by 23.4% and is now trading at $17.31.
View the best growth stocks for 2024 here.

How were Retail Opportunity Investments' earnings last quarter?

Retail Opportunity Investments Corp. (NASDAQ:ROIC) announced its earnings results on Tuesday, October, 22nd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by $0.01. Retail Opportunity Investments's revenue for the quarter was up 2.5% compared to the same quarter last year.

Who are Retail Opportunity Investments' major shareholders?

Retail Opportunity Investments' top institutional shareholders include State Street Corp (5.68%), Principal Financial Group Inc. (4.75%), Principal Financial Group Inc. (4.75%) and Geode Capital Management LLC (2.56%).
View institutional ownership trends.

How do I buy shares of Retail Opportunity Investments?

Shares of ROIC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Retail Opportunity Investments own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Retail Opportunity Investments investors own include NVIDIA (NVDA), Meta Platforms (META), Tesla (TSLA), JPMorgan Chase & Co. (JPM), Home Depot (HD), Netflix (NFLX) and Visa (V).

Company Calendar

• Ex-Dividend for 10/4 Dividend: 9/20/2024
• Dividend Payable: 10/04/2024
• Last Earnings: 10/22/2024
• Ex-Dividend for 1/10 Dividend: 12/20/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024
• Dividend Payable: 1/10/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: Retail REITs
• Current Symbol: NASDAQ:ROIC
• CUSIP: 76131N10
• CIK: 1407623
• Web: www.roireit.net
• Phone: (858) 677-0900
• Fax: 858-408-3668
• Employees: 70
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $16.17
• High Stock Price Target: $17.50
• Low Stock Price Target: $14.00
• Potential Upside/Downside: -6.6%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.86
• Research Coverage: 7 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.46
• Trailing P/E Ratio: 37.63
• Forward P/E Ratio: 16.64
• P/E Growth: N/A
• Net Income: $34.53 million
• Net Margins: 17.38%
• Pretax Margin: 18.38%
• Return on Equity: 4.32%
• Return on Assets: 1.96%

Debt

• Debt-to-Equity Ratio: 1.04
• Current Ratio: 1.92
• Quick Ratio: 1.92

Sales & Book Value

• Annual Sales: $327.73 million
• Price / Sales: 6.80
• Cash Flow: $1.14 per share
• Price / Cash Flow: 15.24
• Book Value: $10.82 per share
• Price / Book: 1.60

Miscellaneous

• Outstanding Shares: 128,650,000
• Free Float: 124,790,000
• Market Cap: $2.23 billion
• Optionable: Optionable
• Beta: 1.47