Streetbeat News

ROIC

Retail Opportunity Investments Corp.

https://www.roireit.net

Industry

REIT - Retail

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 September 30, 2020, ROIC owned 88 shopping centers encompassing approximately 10.1 million square feet. ROIC is the largest publicly-traded, grocery-anchored shopping center REIT focused exclusively on the West Coast. ROIC is a member of the S&P SmallCap 600 Index and has investment-grade corporate debt ratings from Moody's Investor Services, S&P Global Ratings, and Fitch Ratings, Inc.

Open

17.45

Mkt cap

2.2B

Volume

1.1M

High

17.46

P/E Ratio

38.76

52-wk high

17.52

Low

17.44

Div yield

0.03

52-wk low

11.87

Micron Technology is poised for strong growth with rising ROIC and projected EPS peaking at $12.86 in 2026. Despite debt, its balance sheet remains secure, but market timing is crucial due to stock peaking with ROIC and EPS.

Portfolio Pulse from

November 25, 2024 | 10:30 pm

Rowley Law PLLC is investigating potential securities law violations by Retail Opportunity Investments Corp. (NASDAQ: ROIC) and its board regarding a proposed acquisition by Blackstone (NYSE: BX). Shareholders will receive $17.50 per share.

Portfolio Pulse from

November 13, 2024 | 10:00 pm

Monteverde & Associates PC is investigating the proposed merger of Retail Opportunity Investments Corp. (ROIC) with Blackstone Real Estate Partners X. The deal involves Blackstone acquiring all outstanding ROIC shares for $17.50 each in an all-cash transaction.

Portfolio Pulse from

November 08, 2024 | 6:30 pm

The law firm Wohl & Fruchter LLP is investigating the fairness of the proposed sale of Retail Opportunity Investments Corp. (ROIC) to Blackstone for $17.50 per share. ROIC shareholders are encouraged to contact the firm to discuss their legal rights.

Portfolio Pulse from

November 06, 2024 | 10:45 pm

Halper Sadeh LLC is investigating the fairness of the sale of Retail Opportunity Investments Corp. (NASDAQ: ROIC) to Blackstone for $17.50 per share. The law firm is encouraging shareholders to explore their legal rights and options.

Portfolio Pulse from

November 06, 2024 | 8:45 pm

Raymond James analyst RJ Milligan has downgraded Retail Opportunity (NASDAQ:ROIC) from Outperform to Market Perform.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 6:04 pm

Retail Opportunity Investments Corp. (NASDAQ:ROIC) has revised its FY2024 FFO guidance downwards from $1.04-1.07 to $1.03-1.05, which is below the analyst estimate of $1.05.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 8:19 pm

Retail Opportunity (NASDAQ:ROIC) reported Q3 2024 earnings of $0.25 per share, missing the $0.26 estimate, but sales of $83.484M beat the $82.347M estimate. Earnings decreased by 7.41% from last year, while sales increased by 2.13%.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 8:17 pm

Retail Opportunity (NASDAQ:ROIC) is set to announce its quarterly earnings on October 22, 2024. Analysts estimate an EPS of $0.26. The company's previous earnings missed estimates, causing a 4.45% drop in share price. Currently, shares are trading at $16.16, with a 52-week increase of 33.93%. Analysts have a Neutral rating with a price target of $16.0, indicating a potential 0.99% downside.

Portfolio Pulse from Benzinga Insights

October 21, 2024 | 7:01 pm

Wells Fargo analyst Dori Kesten has maintained an Equal-Weight rating on Retail Opportunity (NASDAQ:ROIC) and raised the price target from $13.5 to $16.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 2:30 pm

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