Retail Opportunity Investments Corp. (NASDAQ:ROIC - Free Report) - Equities research analysts at KeyCorp issued their Q1 2025 earnings estimates for Retail Opportunity Investments in a report released on Monday, November 4th. KeyCorp analyst T. Thomas expects that the real estate investment trust will post earnings per share of $0.25 for the quarter. KeyCorp has a "Sector Weight" rating on the stock. The consensus estimate for Retail Opportunity Investments' current full-year earnings is $1.04 per share. KeyCorp also issued estimates for Retail Opportunity Investments' Q2 2025 earnings at $0.26 EPS, Q3 2025 earnings at $0.27 EPS and Q4 2025 earnings at $0.27 EPS.
Retail Opportunity Investments (NASDAQ:ROIC - Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The real estate investment trust reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01). Retail Opportunity Investments had a return on equity of 4.32% and a net margin of 17.38%. The company had revenue of $83.50 million during the quarter, compared to the consensus estimate of $82.13 million. During the same period in the previous year, the firm posted $0.27 earnings per share. The company's revenue was up 2.5% on a year-over-year basis.
Several other research firms have also commented on ROIC. Raymond James lowered shares of Retail Opportunity Investments from an "outperform" rating to a "market perform" rating in a research note on Wednesday, October 30th. StockNews.com raised Retail Opportunity Investments from a "sell" rating to a "hold" rating in a research report on Monday, August 19th. Wells Fargo & Company increased their price objective on Retail Opportunity Investments from $13.50 to $16.00 and gave the company an "equal weight" rating in a report on Wednesday, August 28th. Finally, Bank of America initiated coverage on Retail Opportunity Investments in a research note on Thursday, October 24th. They set an "underperform" rating and a $14.00 target price on the stock. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $15.50.
Read Our Latest Analysis on Retail Opportunity Investments
Shares of Retail Opportunity Investments stock opened at $16.59 on Wednesday. The company has a market capitalization of $2.13 billion, a PE ratio of 36.07 and a beta of 1.44. The company has a 50-day simple moving average of $15.64 and a two-hundred day simple moving average of $14.03. Retail Opportunity Investments has a one year low of $11.80 and a one year high of $17.17. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.92 and a current ratio of 1.92.
Several institutional investors and hedge funds have recently made changes to their positions in ROIC. First Trust Direct Indexing L.P. purchased a new position in Retail Opportunity Investments in the 1st quarter worth $129,000. BNP Paribas Financial Markets lifted its holdings in shares of Retail Opportunity Investments by 65.4% during the first quarter. BNP Paribas Financial Markets now owns 80,788 shares of the real estate investment trust's stock worth $1,036,000 after purchasing an additional 31,958 shares during the period. Daiwa Securities Group Inc. boosted its position in Retail Opportunity Investments by 6.8% in the first quarter. Daiwa Securities Group Inc. now owns 40,967 shares of the real estate investment trust's stock valued at $525,000 after buying an additional 2,595 shares during the last quarter. Texas Permanent School Fund Corp increased its holdings in Retail Opportunity Investments by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 110,276 shares of the real estate investment trust's stock worth $1,414,000 after buying an additional 1,476 shares during the period. Finally, Quantbot Technologies LP purchased a new position in Retail Opportunity Investments during the 1st quarter worth approximately $351,000. 97.16% of the stock is currently owned by institutional investors and hedge funds.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 20th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.62%. Retail Opportunity Investments's dividend payout ratio is currently 130.43%.
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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