Retail Opportunity Investments (ROIC) Expected to Announce Quarterly Earnings on Wednesday

Retail Opportunity Investments (NASDAQ:ROIC) is projected to post its quarterly earnings results before the market opens on Wednesday, February 12th. Analysts expect Retail Opportunity Investments to post earnings of $0.06 per share and revenue of $83.45 million for the quarter.

Retail Opportunity Investments Stock Up 0.1 %

Shares of ROIC opened at $17.50 on Tuesday. The stock has a fifty day moving average of $17.42 and a 200-day moving average of $16.40. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 38.04 and a beta of 1.45. Retail Opportunity Investments has a 52 week low of $11.87 and a 52 week high of $17.52. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.92 and a current ratio of 1.92.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on ROIC shares. BMO Capital Markets boosted their price target on shares of Retail Opportunity Investments from $17.00 to $17.50 and gave the stock a “market perform” rating in a research report on Friday, November 8th. Bank of America assumed coverage on shares of Retail Opportunity Investments in a report on Thursday, October 24th. They issued an “underperform” rating and a $14.00 target price on the stock. StockNews.com started coverage on Retail Opportunity Investments in a report on Thursday, February 6th. They set a “hold” rating for the company. Raymond James downgraded Retail Opportunity Investments from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 30th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $17.50 target price (up previously from $16.00) on shares of Retail Opportunity Investments in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $16.20.

Retail Opportunity Investments Company Profile

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.