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

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Retail Opportunity Investments in the last twelve months. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" ROIC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ROIC, but not buy additional shares or sell existing shares.
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4 Wall Street analysts have issued 1-year target prices for Retail Opportunity Investments' stock. Their ROIC share price forecasts range from $14.00 to $17.00. On average, they anticipate the company's stock price to reach $15.33 in the next twelve months. This suggests a possible upside of 25.7% from the stock's current price.
View analysts price targets for ROIC or view top-rated stocks among Wall Street analysts.

Retail Opportunity Investments' stock was trading at $15.03 at the start of the year. Since then, ROIC stock has decreased by 18.8% and is now trading at $12.20.
View the best growth stocks for 2023 here.

Retail Opportunity Investments saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 3,110,000 shares, a decrease of 25.6% from the April 30th total of 4,180,000 shares. Based on an average daily trading volume, of 1,160,000 shares, the days-to-cover ratio is presently 2.7 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 25th 2023.
View our ROIC earnings forecast.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) released its quarterly earnings results on Thursday, February, 16th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.27 by $0.19. The real estate investment trust had revenue of $80.20 million for the quarter, compared to analysts' expectations of $78.15 million. Retail Opportunity Investments had a net margin of 15.32% and a trailing twelve-month return on equity of 3.49%. The firm's revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.25 EPS.

Retail Opportunity Investments announced a quarterly dividend on Tuesday, April 25th. Investors of record on Friday, June 16th will be paid a dividend of $0.15 per share on Friday, July 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date of this dividend is Thursday, June 15th.
Read our dividend analysis for ROIC.

ETFs with the largest weight of Retail Opportunity Investments (NASDAQ:ROIC) stock in their portfolio include U.S. Diversified Real Estate ETF (PPTY), Cambria Global Real Estate ETF (BLDG), Invesco S&P SmallCap Low Volatility ETF (XSLV), Invesco Active U.S. Real Estate ETF (PSR), Invesco S&P SmallCap Financials ETF (PSCF), First Trust Horizon Managed Volatility Small/Mid ETF (HSMV), Vanguard S&P Small-Cap 600 Value ETF (VIOV) and iShares S&P Small-Cap 600 Value ETF (IJS).

Retail Opportunity Investments (NASDAQ:ROIC) pays an annual dividend of $0.60 per share and currently has a dividend yield of 4.91%. ROIC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 157.89%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, ROIC will have a dividend payout ratio of 53.57% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ROIC.

Retail Opportunity Investments updated its FY 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share guidance of $1.05-$1.11 for the period, compared to the consensus EPS estimate of $1.08. The company issued revenue guidance of -.

Based on aggregate information from My MarketBeat watchlists, some companies that other Retail Opportunity Investments investors own include CA (CA), BlackRock (BLK), Endologix (ELGX), Chipotle Mexican Grill (CMG), Athabasca Oil (ATH), NIC (EGOV), Transocean (RIG), Aegean Marine Petroleum Network (ANW), Apollo Commercial Real Estate Finance (ARI) and Zoetis (ZTS).

Retail Opportunity Investments trades on the NASDAQ under the ticker symbol "ROIC."

Retail Opportunity Investments' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (18.48%), State Street Corp (6.29%), Federated Hermes Inc. (2.73%), Jennison Associates LLC (2.48%), Geode Capital Management LLC (2.15%) and Sumitomo Mitsui Trust Holdings Inc. (1.80%). Insiders that own company stock include Eric S Zorn and Laura H Pomerantz.
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Shares of ROIC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ROIC stock can currently be purchased for approximately $12.20.

Retail Opportunity Investments (NASDAQ:ROIC) has a market capitalization of $1.54 billion and generates $312.93 million in revenue each year. The real estate investment trust earns $51.87 million in net income (profit) each year or $0.38 on an earnings per share basis.

Retail Opportunity Investments' mailing address is 11250 EL CAMINO REAL SUITE 200, SAN DIEGO CA, 92130. The official website for the company is www.roireit.net. The real estate investment trust can be reached via phone at (858) 677-0900, via email at arubino@roireit.net, or via fax at 858-408-3668.