Retail Opportunity Investments (NASDAQ:ROIC – Get Free Report) updated its FY24 earnings guidance on Tuesday. The company provided EPS guidance of $1.04-$1.07 for the period, compared to the consensus EPS estimate of $1.05.
Retail Opportunity Investments Trading Down 1.2 %
Shares of NASDAQ ROIC traded down $0.16 during mid-day trading on Tuesday, hitting $13.48. The company’s stock had a trading volume of 959,074 shares, compared to its average volume of 1,043,816. The company’s fifty day simple moving average is $12.54 and its 200-day simple moving average is $12.82. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 44.87 and a beta of 1.45. Retail Opportunity Investments has a one year low of $10.98 and a one year high of $15.16. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.07 and a quick ratio of 1.07.
Wall Street Analyst Weigh In
Several research analysts have recently commented on the company. Bank of America reiterated an underperform rating and set a $12.00 target price (down from $14.50) on shares of Retail Opportunity Investments in a research note on Friday, April 5th. Wells Fargo & Company decreased their target price on shares of Retail Opportunity Investments from $14.00 to $13.50 and set an equal weight rating on the stock in a report on Tuesday, May 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Hold and an average price target of $14.38.
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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