Retail Opportunity Investments Corp. (NASDAQ:ROIC – Get Free Report) announced a quarterly dividend on Tuesday, October 22nd, Zacks reports. Stockholders of record on Friday, December 20th will be given a dividend of 0.15 per share by the real estate investment trust on Friday, January 10th. This represents a $0.60 annualized dividend and a dividend yield of 3.78%. The ex-dividend date of this dividend is Friday, December 20th.
Retail Opportunity Investments has increased its dividend payment by an average of 44.2% per year over the last three years. Retail Opportunity Investments has a dividend payout ratio of 200.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Retail Opportunity Investments to earn $1.06 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 56.6%.
Retail Opportunity Investments Stock Up 1.4 %
ROIC stock opened at $15.89 on Thursday. The firm has a market cap of $2.03 billion, a PE ratio of 52.97, a PEG ratio of 2.07 and a beta of 1.45. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.38 and a current ratio of 1.38. The firm’s 50 day moving average price is $15.54 and its 200-day moving average price is $13.79. Retail Opportunity Investments has a one year low of $10.98 and a one year high of $16.27.
Analyst Ratings Changes
A number of analysts have issued reports on the company. Bank of America assumed coverage on Retail Opportunity Investments in a research report on Thursday. They issued an “underperform” rating and a $14.00 target price on the stock. Raymond James boosted their target price on Retail Opportunity Investments from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Wells Fargo & Company boosted their target price on Retail Opportunity Investments from $13.50 to $16.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 28th. Finally, StockNews.com raised Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research report on Monday, August 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $15.50.
Check Out Our Latest Stock Report on ROIC
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.
See Also
- Five stocks we like better than Retail Opportunity Investments
- How to Read Stock Charts for Beginners
- A $1.75 Billion Gamble: Can Lucid Ignite Growth?
- Uptrend Stocks Explained: Learn How to Trade Using Uptrends
- The Rally in Lockheed Martin and RTX Can Continue: Here’s Why
- Insider Trading – What You Need to Know
- 3 Undervalued Technology Stocks With Big Rebound Potential
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.