Retail Opportunity Investments (NASDAQ:ROIC) Issues FY 2019 Earnings Guidance
Retail Opportunity Investments (NASDAQ:ROIC) updated its FY 2019 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $1.11-1.15 for the period. Retail Opportunity Investments also updated its FY19 guidance to $1.11-1.15 EPS.
Several research analysts recently commented on the stock. ValuEngine upgraded shares of XCel Brands from a sell rating to a hold rating in a report on Tuesday, July 9th. Zacks Investment Research lowered shares of Phoenix New Media from a hold rating to a sell rating in a report on Tuesday. BMO Capital Markets set a $81.00 price target on shares of Kilroy Realty and gave the company a buy rating in a report on Wednesday. Finally, BidaskClub upgraded shares of Westport Fuel Systems from a hold rating to a buy rating in a report on Friday, July 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $18.00.
NASDAQ ROIC traded up $0.12 during mid-day trading on Friday, hitting $17.97. The company’s stock had a trading volume of 1,109,643 shares, compared to its average volume of 926,890. Retail Opportunity Investments has a 52-week low of $15.44 and a 52-week high of $19.80. The company has a fifty day moving average price of $17.43. The company has a quick ratio of 2.13, a current ratio of 4.36 and a debt-to-equity ratio of 1.16. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of 15.76, a P/E/G ratio of 3.73 and a beta of 0.71.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 12th will be issued a $0.197 dividend. The ex-dividend date of this dividend is Wednesday, September 11th. This represents a $0.79 annualized dividend and a yield of 4.39%. Retail Opportunity Investments’s payout ratio is 69.30%.
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 March 31, 2019, ROIC owned 90 shopping centers encompassing approximately 10.3 million square feet.
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