Trade Report: The FBR & Co Equities Analysts Reduce Earnings Estimates for Retail Opportunity Investments Corp. (ROIC)

The FBR & Co Equities Analysts Reduce Earnings Estimates for Retail Opportunity Investments Corp. (ROIC)

Retail Opportunity Investments Corp. (NASDAQ:ROIC) – FBR & Co cut their Q1 2017 earnings estimates for Retail Opportunity Investments Corp. in a research report issued on Thursday. FBR & Co analyst Maher. B now anticipates that the firm will post earnings of $0.26 per share for the quarter, down from their previous forecast of $0.27. FBR & Co has a “Hold” rating on the stock. FBR & Co also issued estimates for Retail Opportunity Investments Corp.’s Q2 2017 earnings at $0.26 EPS, Q4 2017 earnings at $0.27 EPS, FY2017 earnings at $1.06 EPS, Q1 2018 earnings at $0.27 EPS, Q2 2018 earnings at $0.27 EPS, Q3 2018 earnings at $0.28 EPS and FY2018 earnings at $1.11 EPS.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last released its earnings results on Tuesday, October 25th. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.26. The company had revenue of $59.40 million for the quarter, compared to analyst estimates of $59.71 million. Retail Opportunity Investments Corp. had a return on equity of 2.49% and a net margin of 13.33%. Retail Opportunity Investments Corp.’s quarterly revenue was up 18.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.26 EPS.

Other research analysts have also recently issued research reports about the company. Zacks Investment Research raised Retail Opportunity Investments Corp. from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Tuesday, October 4th. Canaccord Genuity lifted their price target on Retail Opportunity Investments Corp. from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, August 25th. BTIG Research assumed coverage on Retail Opportunity Investments Corp. in a report on Thursday, August 25th. They set a “buy” rating and a $25.00 price target on the stock. JPMorgan Chase & Co. reiterated a “hold” rating on shares of Retail Opportunity Investments Corp. in a report on Tuesday, August 9th. Finally, Citigroup Inc. lifted their price target on Retail Opportunity Investments Corp. from $20.00 to $21.50 and gave the stock a “neutral” rating in a report on Monday, August 15th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Retail Opportunity Investments Corp. has a consensus rating of “Buy” and a consensus price target of $22.00.

Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) opened at 19.76 on Monday. The stock’s 50 day moving average price is $0.00 and its 200 day moving average price is $0.00. Retail Opportunity Investments Corp. has a 12-month low of $16.90 and a 12-month high of $23.05.

Hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA raised its stake in Retail Opportunity Investments Corp. by 124.7% in the second quarter. BNP Paribas Arbitrage SA now owns 32,021 shares of the real estate investment trust’s stock worth $694,000 after buying an additional 17,772 shares during the last quarter. Silvercrest Asset Management Group LLC raised its stake in Retail Opportunity Investments Corp. by 79.6% in the first quarter. Silvercrest Asset Management Group LLC now owns 183,615 shares of the real estate investment trust’s stock worth $3,694,000 after buying an additional 81,367 shares during the last quarter. Legal & General Group Plc raised its stake in Retail Opportunity Investments Corp. by 6.7% in the first quarter. Legal & General Group Plc now owns 192,738 shares of the real estate investment trust’s stock worth $3,878,000 after buying an additional 12,025 shares during the last quarter. Geode Capital Management LLC raised its stake in Retail Opportunity Investments Corp. by 14.2% in the first quarter. Geode Capital Management LLC now owns 903,366 shares of the real estate investment trust’s stock worth $18,175,000 after buying an additional 112,200 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Retail Opportunity Investments Corp. by 13.4% in the first quarter. Goldman Sachs Group Inc. now owns 259,986 shares of the real estate investment trust’s stock worth $5,231,000 after buying an additional 30,765 shares during the last quarter. Institutional investors own 85.78% of the company’s stock.

In related news, Director Michael J. Indiveri acquired 2,900 shares of the firm’s stock in a transaction that occurred on Thursday, August 25th. The shares were bought at an average cost of $22.33 per share, for a total transaction of $64,757.00. Following the purchase, the director now owns 45,139 shares in the company, valued at approximately $1,007,953.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael J. Indiveri acquired 5,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 16th. The shares were bought at an average price of $21.72 per share, for a total transaction of $119,460.00. Following the completion of the purchase, the director now owns 45,139 shares in the company, valued at approximately $980,419.08. The disclosure for this purchase can be found here. Corporate insiders own 2.30% of the company’s stock.

Retail Opportunity Investments Corp. Company Profile

Related posts

Leave a Comment