Retail Opportunity Investments (NASDAQ:ROIC – Get Free Report) will likely be announcing its earnings results before the market opens on Wednesday, February 12th. Analysts expect the company to announce earnings of $0.06 per share and revenue of $83.45 million for the quarter.
Retail Opportunity Investments Stock Performance
NASDAQ ROIC opened at $17.47 on Wednesday. The company has a 50-day simple moving average of $17.41 and a two-hundred day simple moving average of $16.28. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 1.04. Retail Opportunity Investments has a 12-month low of $11.87 and a 12-month high of $17.52. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of 37.98 and a beta of 1.46.
Analyst Ratings Changes
Several brokerages have recently commented on ROIC. Baird R W downgraded shares of Retail Opportunity Investments from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. BMO Capital Markets upped their price objective on shares of Retail Opportunity Investments from $17.00 to $17.50 and gave the company a “market perform” rating in a research note on Friday, November 8th. StockNews.com began coverage on shares of Retail Opportunity Investments in a research note on Wednesday, January 29th. They set a “hold” rating for the company. Robert W. Baird reaffirmed a “neutral” rating and set a $17.50 price objective (up from $16.00) on shares of Retail Opportunity Investments in a research note on Thursday, November 7th. Finally, Raymond James downgraded shares of Retail Opportunity Investments from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, Retail Opportunity Investments has a consensus rating of “Hold” and a consensus target price of $16.20.
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 December 31, 2023, ROIC owned 94 shopping centers encompassing approximately 10.6 million square feet.
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