About Retail Opportunity Investments Corp (NASDAQ:ROIC)
Retail Opportunity Investments Corp. (ROIC) is a fully integrated, self-managed real estate investment trust (REIT). The Company specializes in the acquisition, ownership and management of necessity-based community and neighborhood shopping centers on the west coast of the United States, anchored by supermarkets and drugstores. Retail Opportunity Investments Partnership, LP is the operating partnership of the Company. The Operating Partnership holds substantially all the assets of the Company and directly or indirectly holds the ownership interests in the Company's real estate ventures. The Operating Partnership conducts the operations of the Company's business. As of December 31, 2016, the Company's portfolio consisted of 82 properties (81 retail and one office) totaling approximately 9.4 million square feet of gross leasable area (GLA). As of December 31, 2016, the Company's portfolio was approximately 97.6% leased.
Industry, Sector and Symbol:
- Sector: Financials
- Industry: Retail REITs
- Sub-Industry: Retail REITs
- Symbol: NASDAQ:ROIC
- CUSIP: 76131N10
- Web: www.roireit.net
- Market Cap: $2.05853 billion
- Outstanding Shares: 109,730,000
- 50 Day Moving Avg: $19.37
- 200 Day Moving Avg: $19.98
- 52 Week Range: $18.45 - $22.37
Sales & Book Value:
- Trailing P/E Ratio: 58.08
- Foreward P/E Ratio: 15.50
- P/E Growth: 6.81
- Annual Revenue: $254.96 million
- Price / Sales: 8.07
- Book Value: $10.67 per share
- Price / Book: 1.76
- Annual Dividend: $0.75
- Dividend Yield: 4.0%
- EBITDA: $162.92 million
- Net Margins: 13.80%
- Return on Equity: 2.81%
- Return on Assets: 1.32%
- Debt-to-Equity Ratio: 1.03%
- Current Ratio: 2.41%
- Quick Ratio: 2.41%
- Average Volume: 811,400 shs.
- Beta: 0.68
- Short Ratio: 6.89
Frequently Asked Questions for Retail Opportunity Investments Corp (NASDAQ:ROIC)
What is Retail Opportunity Investments Corp's stock symbol?
Retail Opportunity Investments Corp trades on the NASDAQ under the ticker symbol "ROIC."
How often does Retail Opportunity Investments Corp pay dividends? What is the dividend yield for Retail Opportunity Investments Corp?
Retail Opportunity Investments Corp declared a quarterly dividend on Tuesday, August 1st. Stockholders of record on Thursday, September 14th will be paid a dividend of $0.188 per share on Thursday, September 28th. This represents a $0.75 annualized dividend and a dividend yield of 4.01%. The ex-dividend date of this dividend is Wednesday, September 13th. This is a boost from Retail Opportunity Investments Corp's previous quarterly dividend of $0.19. View Retail Opportunity Investments Corp's Dividend History.
How were Retail Opportunity Investments Corp's earnings last quarter?
Retail Opportunity Investments Corp (NASDAQ:ROIC) issued its quarterly earnings results on Wednesday, July, 26th. The company reported $0.27 EPS for the quarter, missing the Zacks' consensus estimate of $0.28 by $0.01. The firm had revenue of $66.64 million for the quarter, compared to the consensus estimate of $66.18 million. Retail Opportunity Investments Corp had a net margin of 13.80% and a return on equity of 2.81%. The company's revenue was up 13.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.27 EPS. View Retail Opportunity Investments Corp's Earnings History.
When will Retail Opportunity Investments Corp make its next earnings announcement?
Where is Retail Opportunity Investments Corp's stock going? Where will Retail Opportunity Investments Corp's stock price be in 2017?
7 brokerages have issued 1-year target prices for Retail Opportunity Investments Corp's stock. Their forecasts range from $19.00 to $26.00. On average, they anticipate Retail Opportunity Investments Corp's stock price to reach $22.33 in the next twelve months. View Analyst Ratings for Retail Opportunity Investments Corp.
What are analysts saying about Retail Opportunity Investments Corp stock?
Here are some recent quotes from research analysts about Retail Opportunity Investments Corp stock:
- 1. According to Zacks Investment Research, "Retail Opportunity Investments Corp. is a corporation that intends to qualify as a REIT for U.S. federal incoming tax purposes and that expects to invest in, acquire, own, lease, reposition and manage a diverse portfolio of necessity-based retail properties. This includes primarily, well located community and neighborhood shopping centers, anchored by national or regional supermarkets and drugstores. The company may also acquire other retail properties, including power centers, regional malls lifestyle centers and single-tenant retail locations that are leased to national, regional and local tenants. In addition, the Company may supplement its direct purchases of retail properties with first mortgages or second mortgages, mezzanine loans, bridge or other loans or debt investments related to retail properties, in each case provided that the underlying real estate meets the Company's criteria for direct investment. " (9/6/2017)
- 2. Canaccord Genuity analysts commented, "We reiterate our Buy rating and recommend buying on any near-term weakness associated with the company’s short-term ssNOI result." (4/27/2017)
Who are some of Retail Opportunity Investments Corp's key competitors?
Some companies that are related to Retail Opportunity Investments Corp include Weingarten Realty Investors (WRI), CoreSite Realty Corporation (COR), DDR Corp. (DDR), Taubman Centers (TCO), Retail Properties of America (RPAI), Urban Edge Properties (UE), Acadia Realty Trust (AKR), Tanger Factory Outlet Centers (SKT), Kite Realty Group Trust (KRG), Washington Prime Group (WPG), Four Corners Property Trust (FCPT), Agree Realty Corporation (ADC), Saul Centers (BFS), Getty Realty Corporation (GTY), Ramco-Gershenson Properties Trust (RPT), Pennsylvania Real Estate Investment Trust (PEI), Cedar Realty Trust (CDR) and Capital & Regional plc (CAL).
Who are Retail Opportunity Investments Corp's key executives?
Retail Opportunity Investments Corp's management team includes the folowing people:
- Stuart A. Tanz, President, Chief Executive Officer, Director
- Michael B. Haines, Chief Financial Officer
- Richard K. Schoebel, Chief Operating Officer
- Richard A. Baker, Non-Executive Chairman of the Board
- Michael J. Indiveri CPA, Independent Director
- Edward H. Meyer, Independent Director
- Lee Stuart Neibart, Independent Director
- Charles J. Persico, Independent Director
Who owns Retail Opportunity Investments Corp stock?
Retail Opportunity Investments Corp's stock is owned by a number of of retail and institutional investors. Top institutional investors include Hermes Investment Management Ltd. (1.83%) and Mutual of America Capital Management LLC (0.11%). Company insiders that own Retail Opportunity Investments Corp stock include Charles J Persico and Michael J Indiveri. View Institutional Ownership Trends for Retail Opportunity Investments Corp.
Who sold Retail Opportunity Investments Corp stock? Who is selling Retail Opportunity Investments Corp stock?
Who bought Retail Opportunity Investments Corp stock? Who is buying Retail Opportunity Investments Corp stock?
How do I buy Retail Opportunity Investments Corp stock?
Shares of Retail Opportunity Investments Corp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Retail Opportunity Investments Corp's stock price today?
MarketBeat Community Rating for Retail Opportunity Investments Corp (NASDAQ ROIC)MarketBeat's community ratings are surveys of what our community members think about Retail Opportunity Investments Corp and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Retail Opportunity Investments Corp stock can currently be purchased for approximately $18.76.
Consensus Ratings for Retail Opportunity Investments Corp (NASDAQ:ROIC) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||4 Hold Ratings, 3 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.43)|
|Consensus Price Target: ||$22.33 (19.05% upside)|Consensus Price Target History for Retail Opportunity Investments Corp (NASDAQ:ROIC)
Analysts' Ratings History for Retail Opportunity Investments Corp (NASDAQ:ROIC)
(Data available from 10/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/11/2017||FBR & Co||Set Price Target||Hold||$23.00||N/A|
|9/15/2017||Jefferies Group LLC||Downgrade||Buy -> Hold||$25.00 -> $21.00||Medium|
|8/24/2017||Robert W. Baird||Reiterated Rating||Buy||$22.00||Low|
|8/17/2017||Royal Bank Of Canada||Upgrade||Sector Perform -> Outperform||$23.00||Low|
|7/10/2017||Citigroup Inc.||Reiterated Rating||Neutral||$21.00 -> $19.00||Low|
|4/27/2017||Canaccord Genuity||Reiterated Rating||Buy||$26.00||Medium|
|8/25/2016||BTIG Research||Initiated Coverage||Buy||$25.00||N/A|
|8/9/2016||J P Morgan Chase & Co||Reiterated Rating||Hold||N/A|
|4/30/2016||BMO Capital Markets||Reiterated Rating||Buy||N/A|
|4/1/2016||DA Davidson||Initiated Coverage||Buy||$23.00||N/A|
|2/22/2016||Capital One Financial Corporation||Initiated Coverage||Overweight||N/A|
|12/10/2015||Cowen and Company||Boost Price Target||Outperform||$20.50 -> $21.50||N/A|
Earnings History for Retail Opportunity Investments Corp (NASDAQ:ROIC)Earnings History by Quarter for Retail Opportunity Investments Corp (NASDAQ ROIC)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/26/2017||Q2 2017||$0.28||$0.27||$66.18 million||$66.64 million||View||N/A|
|4/26/2017||Q1 2017||$0.27||$0.28||$62.86 million||$65.90 million||View||N/A|
|2/22/2017||Q4 2016||$0.08||$0.27||$60.65 million||$63.10 million||View||N/A|
|10/25/2016||Q3||$0.26||$0.26||$59.71 million||$59.40 million||View||N/A|
|7/27/2016||Q2||$0.26||$0.27||$57.61 million||$58.70 million||View||N/A|
|4/27/2016||Q116||$0.25||$0.27||$52.83 million||$56.10 million||View||N/A|
|2/23/2016||Q415||$0.24||$0.25||$49.99 million||$51.30 million||View||Listen|
|10/28/2015||Q315||$0.24||$0.26||$47.90 million||$50.10 million||View||Listen|
|7/29/2015||Q2||$0.23||$0.23||$46.98 million||$46.22 million||View||Listen|
|2/24/2015||$0.21||$0.21||$40.31 million||$41.74 million||View||Listen|
|10/29/2014||$0.21||$0.22||$40.80 million||$40.86 million||View||Listen|
|7/30/2014||$0.04||$0.07||$37.71 million||$36.92 million||View||N/A|
|4/30/2014||$0.08||$0.04||$34.33 million||$36.35 million||View||N/A|
|2/24/2014||Q412||$0.05||$0.05||$28.75 million||$33.64 million||View||N/A|
|11/1/2012||Q312||$0.01||$0.05||$20.28 million||$18.89 million||View||N/A|
Earnings Estimates for Retail Opportunity Investments Corp (NASDAQ:ROIC)
2017 EPS Consensus Estimate: $1.13
2018 EPS Consensus Estimate: $1.23
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Retail Opportunity Investments Corp (NASDAQ:ROIC)
|Most Recent Dividend:||9/28/2017|
|Payout Ratio:||227.28% (Trailing 12 Months of Earnings) |
66.37% (Based on This Year's Estimates)
61.98% (Based on Next Year's Estimates)
Dividend History by Quarter for Retail Opportunity Investments Corp (NASDAQ ROIC)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Retail Opportunity Investments Corp (NASDAQ:ROIC)
Insider Ownership Percentage: 2.20%Insider Trades by Quarter for Retail Opportunity Investments Corp (NASDAQ:ROIC)
Institutional Ownership Percentage: 94.92%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|2/27/2017||Charles J Persico||Director||Sell||5,000||$22.25||$111,250.00|| |
|8/25/2016||Michael J Indiveri||Director||Buy||2,900||$22.33||$64,757.00|| |
|8/16/2016||Michael J Indiveri||Director||Buy||5,500||$21.72||$119,460.00|| |
|5/29/2013||Charles J Persico||Director||Sell||10,000||$14.04||$140,400.00|| |
|5/7/2013||Edward H Meyer||Director||Buy||20,000||$15.50||$310,000.00|| |
Headline Trends for Retail Opportunity Investments Corp (NASDAQ:ROIC)
Latest Headlines for Retail Opportunity Investments Corp (NASDAQ:ROIC)
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Retail Opportunity Investments Corp (ROIC) Chart for Sunday, October, 22, 2017