Retail Opportunity Investments (NASDAQ:ROIC – Get Free Report) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 1.040-1.070 for the period, compared to the consensus estimate of 1.050. The company issued revenue guidance of -. Retail Opportunity Investments also updated its FY24 guidance to $1.04-$1.07 EPS.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on ROIC. Bank of America reissued an underperform rating and issued a $12.00 price target (down previously from $14.50) on shares of Retail Opportunity Investments in a report on Friday, April 5th. Wells Fargo & Company cut their price target 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 investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $14.38.
View Our Latest Analysis on Retail Opportunity Investments
Retail Opportunity Investments Trading Down 1.2 %
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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