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Friday, January 28, 2022

Investor Confidence is Rising for Retail Opportunity Investments Corp. (ROIC)

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Many stocks have been testing new highs in 2020, and one of the most notable is Retail Opportunity Investments Corp. (ROIC). Currently, ROIC is trading at $13.60 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $10.38.

To add more color to this target, the company’s high over the last year is $19.18 and the low is $5.84. Over the last 52 weeks, ROIC is down -29.09% while the S&P 500 is up 1.21%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, ROIC reported a profit of $27.99 million. Retail Opportunity Investments Corp. also saw revenues increase to $74.87 million. In addition, ROIC has free cash flow of $29.15 million as of 03-2020 The company’s EBITDA came in at $49.17 million which compares well with its peers.

ROIC booked profit margins of 16.00%, its Return on Equity (ROE) is 4.00%, and its Return on Assets is 1.60%. All told, it is clear that, ROIC needs to be on your watchlist.

About Retail Opportunity Investments Corp.

If readers are unfamiliar, 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 March 31, 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 and Standard & Poor’s.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. ROIC has a short ratio of 1.99 and outstanding shares of 115.97M.

Company Outlook

ROIC has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 2.29 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.38. Investors should also keep an eye on sector updates as ROIC has historically followed its peers on positive news.

All told, Retail Opportunity Investments Corp. ROIC has strung together solid data and demonstrated underlying fundamentals. At its current valuation, ROIC represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Retail Opportunity Investments Corp. ROIC is now commanding a market cap of 1.58B and a float of 113.41M. ROIC is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of ROIC stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in ROIC, either long or short, and we have not been compensated for this article.

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