Retail Opportunity Investments (NASDAQ:ROIC – Get Free Report) announced its quarterly earnings data on Tuesday. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.01), Briefing.com reports. The business had revenue of $83.50 million for the quarter, compared to the consensus estimate of $82.13 million. Retail Opportunity Investments had a return on equity of 4.33% and a net margin of 17.38%. Retail Opportunity Investments’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.27 earnings per share. Retail Opportunity Investments updated its FY 2024 guidance to 1.030-1.050 EPS.
Retail Opportunity Investments Trading Down 0.2 %
Shares of ROIC stock opened at $15.86 on Friday. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 34.48, a PEG ratio of 2.08 and a beta of 1.45. The stock has a 50-day moving average of $15.55 and a 200-day moving average of $13.81. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.07. Retail Opportunity Investments has a 1-year low of $10.98 and a 1-year high of $16.27.
Retail Opportunity Investments Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 20th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.60 annualized dividend and a dividend yield of 3.78%. Retail Opportunity Investments’s payout ratio is 130.43%.
Wall Street Analyst Weigh In
View Our Latest Report on ROIC
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.
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