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.
Recommended Stories
- Five stocks we like better than Retail Opportunity Investments
- Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?
- ScottsMiracle-Gro Stock Blooms After Investor Day Optimism
- CD Calculator: Certificate of Deposit Calculator
- Leading Beverage Company’s Stock Bubbles Higher: Rally Ahead
- How to Calculate Return on Investment (ROI)
- Can This Meme Stock Stage One Last Rally?
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.