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 equities research analysts have issued 12-month price targets for Retail Opportunity Investments' shares. Their ROIC share price forecasts range from $14.00 to $17.00. On average, they anticipate the company's share price to reach $15.33 in the next twelve months. This suggests a possible upside of 26.2% 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 beginning of 2023. Since then, ROIC shares have decreased by 19.2% and is now trading at $12.15.
View the best growth stocks for 2023 here.

Retail Opportunity Investments saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 3,110,000 shares, a drop of 25.6% from the April 30th total of 4,180,000 shares. Based on an average trading volume of 1,160,000 shares, the days-to-cover ratio is currently 2.7 days.
View Retail Opportunity Investments' Short Interest.

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) issued its quarterly earnings results on Thursday, February, 16th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.27 by $0.19. The real estate investment trust earned $80.20 million during 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 company's quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.25 EPS.

Retail Opportunity Investments declared a quarterly dividend on Tuesday, April 25th. Stockholders 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 annualized dividend and a dividend yield of 4.94%. The ex-dividend date 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 Vident 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 (EPS) guidance of $1.05-$1.11 for the period, compared to the consensus earnings per share 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 number of institutional and retail investors. Top institutional investors 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 $12.15.

Retail Opportunity Investments (NASDAQ:ROIC) has a market capitalization of $1.53 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.