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Saturday, December 9, 2023

Is Retail Opportunity Investments Corp (NASDAQ: ROIC) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Retail Opportunity Investments Corp (ROIC) shows that investor sentiment remained same, with the stock’s consolidated last price to $11.74. The Retail Opportunity Investments Corp has recorded 43,657 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Retail Opportunity Investments Corp. Reports 2023 Third Quarter Results.

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Stocks Info

ROIC belongs to the Real Estate sector of the NASDAQ while operating in the REIT – Retail industry. At the end of the last regular session, the stock closed at $11.74 and fluctuated between $11.75 as its day high and $11.24 as its day low. The current market capitalization of Retail Opportunity Investments Corp is $1.48B. A total of 1.29 million shares were traded on the day, compared to an average of 1.14M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, ROIC has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 4,000 shares. Over the last 12 months, there were 16 BUYs and 12 SELLs from insiders. Insiders purchased 546,191 shares during that period but sold 186,495.

In the most recent transaction, POMERANTZ LAURA H sold 4,000 shares of ROIC for 13.46 per share on Aug 31. After the transaction, the Director now owns 51,557 company shares. In a previous transaction on Mar 07, POMERANTZ LAURA H sold 10,800 shares at 13.78 per share. ROIC shares that Director owns now total 55,557.

Among the insiders who sold shares, POMERANTZ LAURA H disposed of 6,425 shares on Dec 12 at a per-share price of $15.55. This resulted in the Director holding 59,704 shares of ROIC after the transaction.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Retail Opportunity Investments Corp pays an annual dividend of $0.64, resulting in a dividend yield of 5.42%, and it has a price to earnings (P/E) ratio of 40.43. ROIC’s most recent ex-dividend date was 12/14/2023 when it declared a $0.15 quarterly dividend that was paid in cash on 1/5/2024. Previously, the company paid the dividend on 10/6/2023 with an ex-dividend date of 9/14/2023. The ROIC stock dividend was $0.15 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for ROIC in the last 3 months, the mean price target is $14.16 with high estimates of $17.00 and low estimates of $12.00. In terms of 52-week highs and lows, ROIC has a high of $16.37 and a low of $10.98.

As of this writing, ROIC has an earnings estimate of $0.07 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.08 per share and a lower estimate of $0.07. The company reported an EPS of $0.06 in the last quarter, which was -25.00% lower than expectations of $0.08.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. ROIC’s latest balance sheet shows that the firm has $13.22M in Cash & Short Term Investments as of fiscal 2021. There were $1.33B in debt and $48.60M in liabilities at the time. Its Book Value Per Share was $10.19, while its Total Shareholder’s Equity was $1.37B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ROIC is Buy with a score of 3.38.

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