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Retail Opportunity Investments (NASDAQ:ROIC – Get Rating) updated its FY22 earnings guidance on Tuesday. The company provided his EPS guidance at $1.09 to $1.11 for the period, compared to a consensus EPS estimate of $1.10. Retail Opportunity Investments also updated its 2022 guidance to his EPS of $1.09 to $1.11.
Wall Street analyst opinion
Many research analysts publish reports on ROIC stocks. Jefferies Financial Group lowered its retail opportunity investment target price from $20.00 to $15.00 in a research note on Thursday, June 30. StockNews.com began its coverage of retail investment opportunities in a research note on Wednesday, October 12th. They issued a hold rating for the company. Finally, Citigroup downgraded its Retail Opportunity Investments rating from Buy to Neutral, lowering the company’s price target from $19.00 to $17.00 in its research notes on Monday, Sept. 19. One analyst gave the stock a sell rating and three analysts gave the company’s stock a hold rating. Based on MarketBeat.com data, the company’s current average rating is Hold with a consensus target price of $17.00.
Investment in retail opportunities Price performance
The ROIC stock climbed $0.43 during Tuesday’s trading hours to reach $14.53. The company’s stock had a trading volume of 1,490,352 shares for him and an average trading volume of 1,086,604 shares for him. The company has a 50-day simple moving average of $15.54 and a 200-day simple moving average of $16.71. The company has a market capitalization of $1.81 billion, a price/earnings ratio of 34.60, a PEG ratio of 1.54 and a beta of 1.40. Retail Opportunity Investments hit a 52-week low of $13.35 and a 52-week high of $20.09. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt to equity ratio of 0.97.
Retail Opportunity Investments (NASDAQ:ROIC – Get Rating) reported its final quarterly results on Tuesday, July 26th. The real estate investment trust reported an EPS of $0.09 for the quarter, missing analyst consensus expectations of $0.26 ($0.17). Retail Opportunity Investments had a net profit margin of 17.65% and a return on equity of 3.85%. The company’s earnings were $0.25 per share in the year-ago quarter. Sell-side analysts expect his earnings per share to be 1.1 for the current year at Retail Opportunity Investments.
institution inflow and outflow
Several large investors have recently bought and sold stocks. LPL Financial LLC increased its retail opportunity investment position by 4.6% in the second quarter. LPL Financial LLC now owns 14,621 shares of the real estate investment trust worth $231,000 after purchasing an additional 644 of his shares during the last quarter. Price T Rowe Associates Inc. MD increased his position in Retail Opportunity Investments stock by 1.7% in the second quarter. Price T Rowe Associates Inc. MD now owns 55,290 shares of the real estate investment trust worth $872,000 after acquiring an additional 917 shares in the previous quarter. Great West Life Assurance Co. Can increased its stock position in Retail Opportunity Investments by 1.0% in the first quarter. Great West Life Assurance Co. now owns 202,270 shares of real estate investment trust stock valued at $4,043,000 after acquiring an additional 2,020 shares in the previous quarter. Macquarie Group Ltd. increased its retail opportunity investment stock position by 1.0% in the second quarter. Macquarie Group Ltd. now owns 478,160 real estate investment trust shares valued at $7,545,000 after acquiring an additional 4,858 shares in the previous quarter. Finally, Allianz Asset Management GmbH increased its position in Retail Opportunity Investment equities by 1.3% in the first quarter. Allianz Asset Management GmbH now owns 595,848 real estate investment trust shares valued at $11,553,000 after acquiring a further 7,618 shares in the previous quarter. 96.44% of the shares are owned by institutional investors.
About Retail Opportunity Investments
(get rating)
Retail Opportunity Investments Corporation (NASDAQ: ROIC) is a fully integrated, self-managed real estate investment trust (REIT) that operates grocery-focused shopping centers in densely populated metropolitan markets around the world. We specialize in acquiring, owning and managing. west coast. As of September 30, 2020, ROIC owns 88 shopping centers of approximately 10.1 million square feet.
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