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Retail Opportunity Investments (ROIC)
NASDAQ:ROIC
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ROIC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$10.99 - $16.21
Previous Close$15.93
Volume887.85K
Average Volume (3M)1.26M
Market Cap
$2.15B
Enterprise Value$3.66B
Total Cash (Recent Filing)$2.11M
Total Debt (Recent Filing)$1.44B
Price to Earnings (P/E)58.5
Beta0.95
Next Earnings
Oct 22, 2024EPS Estimate
$0.07Last Dividend Ex-Date
Sep 20, 2024Dividend Yield3.76%
Share Statistics
EPS (TTM)0.27
Shares Outstanding127,454,354
10 Day Avg. Volume1,036,322
30 Day Avg. Volume1,261,120
Standard Deviation0.10
R-Squared0.52
Alpha-0.01
Financial Highlights & Ratios
Price to Book (P/B)1.60
Price to Sales (P/S)6.08
Price to Cash Flow (P/CF)22.80
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue11.04
Enterprise Value/Gross Profit15.45
Enterprise Value/Ebitda17.28
Forecast
1Y Price Target
$15.25Price Target Upside-3.60% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering6
Retail Opportunity Investments News
Bulls Say, Bears Say
Bulls Say
Expense ManagementA 7.5% decline in property taxes was an offset to 6.1% property operating expenses which led to muted overall expense growth of just 70 bps.
Leasing EnvironmentThe leased rate moved higher with the overall leasing environment remaining favorable.
SNO PipelineThe SNO pipeline remains good at 250 bps and the SNO pipeline totals $7.3M.
Bears Say
2024 Financial Guidance2024 Core FFO guidance was reduced by 0.5¢, implying a modest year-over-year decline and coming in slightly below market expectations.
Acquisition GuidanceManagement materially reduced its net acquisition guidance to $13.5M, significantly lower than the previous range of $100-300M.
Return On Invested CapitalROIC slightly lowered its FFO guidance due to fewer assumed net investments, reflecting a cautious approach given the challenging cost of capital.
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Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
ROIC FAQ
What was Retail Opportunity Investments’s price range in the past 12 months?
Retail Opportunity Investments lowest stock price was $10.98 and its highest was $16.20 in the past 12 months.
What is Retail Opportunity Investments’s market cap?
Currently, no data Available
When is Retail Opportunity Investments’s upcoming earnings report date?
Retail Opportunity Investments’s upcoming earnings report date is Oct 22, 2024 which is in 32 days.
How were Retail Opportunity Investments’s earnings last quarter?
Retail Opportunity Investments released its earnings results on Jul 23, 2024. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.063 by -$0.003.
Is Retail Opportunity Investments overvalued?
According to Wall Street analysts Retail Opportunity Investments’s price is currently Overvalued.
Does Retail Opportunity Investments pay dividends?
Retail Opportunity Investments pays a Quarterly dividend of $0.15 which represents an annual dividend yield of 3.76%. See more information on Retail Opportunity Investments dividends here
What is Retail Opportunity Investments’s EPS estimate?
Retail Opportunity Investments’s EPS estimate is $0.07.
How many shares outstanding does Retail Opportunity Investments have?
Retail Opportunity Investments has 127,454,350 shares outstanding.
What happened to Retail Opportunity Investments’s price movement after its last earnings report?
Retail Opportunity Investments reported an EPS of $0.06 in its last earnings report, missing expectations of $0.063. Following the earnings report the stock price went down -4.451%.
Which hedge fund is a major shareholder of Retail Opportunity Investments?
Among the largest hedge funds holding Retail Opportunity Investments’s share is Davis Selected Advisers. It holds Retail Opportunity Investments’s shares valued at 6M.
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Retail Opportunity Investments Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$15.25 (-3.60% Downside)
$15.25 (-3.60% Downside)
Blogger Sentiment
Bullish
ROIC Sentiment 100%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 151.5K Shares
Last Quarter.
Last Quarter.
Technicals
SMA
Positive
20 days / 200 days
Momentum
18.62%
12-Months-Change
Fundamentals
Return on Equity
2.68%
Trailing 12-Months
Asset Growth
1.11%
Trailing 12-Months
Company Description
Retail Opportunity Investments
Retail Opportunity Investments Corp. operates as a self-managed real estate investment trust. The company engages in the ownership, management, and redevelopment of retail real estate properties. It specializes in the acquisition, ownership and management of grocery-anchored shopping centers located in densely-populated, metropolitan markets across the West Coast. The company was founded on July 10, 2007 and is headquartered in San Diego, CA.
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ROIC Company Deck
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ROIC Earnings Call
Q2 2024
0:00 / 0:00
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ROIC Stock 12 Month Forecast
Average Price Target
$15.25
▼(-3.60% Downside)
Technical Analysis
Best Analysts Covering ROIC
1 Year
1 Year Success Rate
11/17 ratings generated profit
1 Year Average Return
+5.81%
reiterated a buy rating 2 months ago
Copying Wes Golladay's trades and holding each position for 1 Year would result in 64.71% of your transactions generating a profit, with an average return of +5.81% per trade.
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