Retail Opportunity Investments Corp (NASDAQ:ROIC) – KeyCorp reduced their FY2018 earnings estimates for shares of Retail Opportunity Investments in a research report issued to clients and investors on Wednesday, August 15th. KeyCorp analyst T. Thomas now expects that the real estate investment trust will post earnings of $1.16 per share for the year, down from their previous forecast of $1.18.

Retail Opportunity Investments (NASDAQ:ROIC) last posted its earnings results on Wednesday, July 25th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.23). Retail Opportunity Investments had a net margin of 13.23% and a return on equity of 2.90%. The business had revenue of $72.34 million for the quarter, compared to analysts’ expectations of $73.23 million. During the same quarter last year, the business posted $0.27 earnings per share. The business’s revenue was up 8.6% compared to the same quarter last year.

Several other equities analysts also recently weighed in on ROIC. ValuEngine downgraded shares of Retail Opportunity Investments from a “hold” rating to a “sell” rating in a report on Monday, July 16th. Zacks Investment Research upgraded shares of Retail Opportunity Investments from a “sell” rating to a “hold” rating in a report on Thursday. BidaskClub upgraded shares of Retail Opportunity Investments from a “strong sell” rating to a “sell” rating in a report on Friday, June 15th. Wells Fargo & Co lifted their price target on shares of Retail Opportunity Investments from $16.50 to $18.00 and gave the stock a “market perform” rating in a report on Tuesday, July 31st. Finally, Capital One Financial downgraded shares of Retail Opportunity Investments from an “overweight” rating to an “equal weight” rating in a report on Thursday, July 26th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $19.64.

NASDAQ:ROIC opened at $19.33 on Thursday. The company has a quick ratio of 3.74, a current ratio of 3.74 and a debt-to-equity ratio of 1.17. Retail Opportunity Investments has a twelve month low of $16.17 and a twelve month high of $20.54. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of 16.96, a price-to-earnings-growth ratio of 2.61 and a beta of 0.59.

Several hedge funds and other institutional investors have recently modified their holdings of ROIC. Brown Advisory Inc. purchased a new stake in shares of Retail Opportunity Investments during the first quarter worth about $188,000. Raymond James Trust N.A. purchased a new stake in shares of Retail Opportunity Investments during the second quarter worth about $195,000. OppenheimerFunds Inc. purchased a new stake in shares of Retail Opportunity Investments during the second quarter worth about $196,000. Daiwa Securities Group Inc. grew its holdings in shares of Retail Opportunity Investments by 27.8% during the first quarter. Daiwa Securities Group Inc. now owns 14,700 shares of the real estate investment trust’s stock worth $260,000 after buying an additional 3,200 shares in the last quarter. Finally, Profund Advisors LLC grew its holdings in shares of Retail Opportunity Investments by 25.6% during the first quarter. Profund Advisors LLC now owns 20,640 shares of the real estate investment trust’s stock worth $365,000 after buying an additional 4,201 shares in the last quarter.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 27th. Stockholders of record on Thursday, September 13th will be issued a dividend of $0.195 per share. The ex-dividend date is Wednesday, September 12th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 4.04%. Retail Opportunity Investments’s dividend payout ratio (DPR) is presently 68.42%.

About Retail Opportunity Investments

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 June 30, 2018, ROIC owned 92 shopping centers encompassing approximately 10.6 million square feet.

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Earnings History and Estimates for Retail Opportunity Investments (NASDAQ:ROIC)

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