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: Finance
- Industry: Retail REITs
- Sub-Industry: Retail REITs
- Symbol: NASDAQ:ROIC
- CUSIP: 76131N10
- Web: www.roireit.net
- Market Cap: $2.25934 billion
- Outstanding Shares: 109,730,000
- 50 Day Moving Avg: $19.70
- 200 Day Moving Avg: $20.56
- 52 Week Range: $18.45 - $23.05
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 16.80
- P/E Growth: 0.00
- Annual Dividend: $0.75
- Dividend Yield: 3.6%
- Net Margins: 14.13%
- Return on Equity: 2.71%
- Return on Assets: 1.32%
- Debt-to-Equity Ratio: 0.95%
- Current Ratio: 2.06%
- Quick Ratio: 2.06%
- Average Volume: 1.10 million shs.
- Beta: 0.69
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. announced a quarterly dividend on Thursday, April 27th. Stockholders of record on Thursday, June 15th will be paid a dividend of $0.1875 per share on Thursday, June 29th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date is Tuesday, June 13th. View Retail Opportunity Investments Corp.'s Dividend History.
How were Retail Opportunity Investments Corp.'s earnings last quarter?
Retail Opportunity Investments Corp. (NASDAQ:ROIC) posted its quarterly earnings data 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 earned $66.64 million during the quarter, compared to the consensus estimate of $66.18 million. Retail Opportunity Investments Corp. had a return on equity of 2.71% and a net margin of 14.13%. The firm's quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter last year, the business posted $0.27 earnings per share. 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 analysts have issued 1-year price targets for Retail Opportunity Investments Corp.'s shares. Their forecasts range from $19.00 to $26.00. On average, they expect Retail Opportunity Investments Corp.'s stock price to reach $23.50 in the next year. 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. " (7/20/2017)
- 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), DDR Corp. (DDR), Taubman Centers (TCO), CoreSite Realty Corporation (COR), Retail Properties of America (RPAI), Urban Edge Properties (UE), Tanger Factory Outlet Centers (SKT), Acadia Realty Trust (AKR), American Assets Trust (AAT), Kite Realty Group Trust (KRG), Washington Prime Group (WPG), Four Corners Property Trust (FCPT), Agree Realty Corporation (ADC), Saul Centers (BFS), Ramco-Gershenson Properties Trust (RPT), Getty Realty Corporation (GTY), Pennsylvania Real Estate Investment Trust (PEI) and Cedar Realty Trust (CDR).
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 variety of of institutional and retail investors. Top institutional shareholders include Hermes Investment Management Ltd. (0.00%), Russell Investments Group Ltd. (0.93%), Copeland Capital Management LLC (0.00%), Fenimore Asset Management Inc. (0.00%), Great West Life Assurance Co. Can (0.19%) and Strs Ohio (0.16%). 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?
Retail Opportunity Investments Corp.'s stock was sold by a variety of institutional investors in the last quarter, including Hermes Investment Management Ltd., Strs Ohio, Fenimore Asset Management Inc., Aperio Group LLC, Municipal Employees Retirement System of Michigan, Manning & Napier Advisors LLC, Capstone Asset Management Co. and Trust Co. of Vermont. View Insider Buying and Selling for Retail Opportunity Investments Corp..
Who bought Retail Opportunity Investments Corp. stock? Who is buying Retail Opportunity Investments Corp. stock?
Retail Opportunity Investments Corp.'s stock was acquired by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Copeland Capital Management LLC, State of Alaska Department of Revenue, Bank of Montreal Can, Loeb Partners Corp, Great West Life Assurance Co. Can, Kissinger Financial Services LLC and Louisiana State Employees Retirement System. View Insider Buying and Selling for Retail Opportunity Investments Corp..
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 $20.50.
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: ||$23.50 (14.63% upside)|
Analysts' Ratings History for Retail Opportunity Investments Corp. (NASDAQ:ROIC)
(Data available from 7/28/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|7/27/2017||Royal Bank Of Canada||Reiterated Rating||Hold||$23.00||Low|
|7/25/2017||Jefferies Group LLC||Reiterated Rating||Buy||$25.00||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|
|2/28/2017||FBR & Co||Reiterated Rating||Mkt Perform -> Hold||$22.00 -> $23.00||N/A|
|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|
|9/3/2015||Raymond James Financial, Inc.||Upgrade||Outperform -> Strong-Buy||$19.00||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: $1.14
2018 EPS Consensus Estimate: $1.24
(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:||6/29/2017|
|Payout Ratio:||227.28% (Trailing 12 Months of Earnings) |
65.79% (Based on This Year's Estimates)
61.48% (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: 96.02%
(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)
Retail Opportunity Investments Corp. (ROIC) Chart for Friday, July, 28, 2017