Retail Opportunity Investments (NASDAQ:ROIC – Get Free Report) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 1.030-1.050 for the period, compared to the consensus estimate of 1.050. The company issued revenue guidance of -.
Analysts Set New Price Targets
A number of research analysts have recently weighed in on ROIC shares. Raymond James raised their price target on shares of Retail Opportunity Investments from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Friday, August 16th. StockNews.com upgraded Retail Opportunity Investments from a “sell” rating to a “hold” rating in a report on Monday, August 19th. Finally, Wells Fargo & Company boosted their price target on Retail Opportunity Investments from $13.50 to $16.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $15.00.
Read Our Latest Analysis on ROIC
Retail Opportunity Investments Stock Performance
Retail Opportunity Investments (NASDAQ:ROIC – Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.01). Retail Opportunity Investments had a net margin of 10.40% and a return on equity of 2.57%. The business had revenue of $83.50 million during the quarter, compared to analyst estimates of $82.13 million. During the same period in the prior year, the business posted $0.27 earnings per share. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, research analysts expect that Retail Opportunity Investments will post 1.05 EPS for the current year.
About Retail Opportunity Investments
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.
Further Reading
- Five stocks we like better than Retail Opportunity Investments
- How to Most Effectively Use the MarketBeat Earnings Screener
- Chinese Stocks Cool Off: Time to Buy the Dip in These 2 Stocks?
- Stock Ratings and Recommendations: Understanding Analyst Ratings
- Goldman Sachs Highlights 3 Top Short Squeeze Stocks to Watch
- Stock Sentiment Analysis: How it Works
- Walmart is Up 56% YTD, Is it Still a Top Consumer Staples Stock?
Receive News & Ratings for Retail Opportunity Investments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Retail Opportunity Investments and related companies with MarketBeat.com's FREE daily email newsletter.