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

Retail Opportunity Investments (NASDAQ:ROIC) is expected to be posting 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 Trading Up 0.1 %

NASDAQ:ROIC opened at $17.50 on Tuesday. Retail Opportunity Investments has a one year low of $11.87 and a one year high of $17.52. The company has a market cap of $2.26 billion, a PE ratio of 38.04 and a beta of 1.45. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.92 and a quick ratio of 1.92. The firm has a 50-day moving average of $17.42 and a 200-day moving average of $16.40.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on 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. StockNews.com initiated coverage on Retail Opportunity Investments in a research report on Thursday, February 6th. They issued 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 report on Thursday, November 7th. Bank of America started 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 for the company. Finally, KeyCorp lowered shares of Retail Opportunity Investments from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target 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.