Real Estate - REIT - Retail - NASDAQ - US
$ 17.35
0.115 %
$ 2.22 B
Market Cap
38.56
P/E
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.[ Read More ]
The intrinsic value of one ROIC stock under the base case scenario is HIDDEN Compared to the current market price of 17.4 USD, Retail Opportunity Investments Corp. is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart ROIC
FINANCIALS
328 M
REVENUE
110 M
OPERATING INCOME
36.7 M
NET INCOME
147 M
OPERATING CASH FLOW
-70.8 M
INVESTING CASH FLOW
-75.7 M
FINANCING CASH FLOW
83.5 M
REVENUE
53.9 M
OPERATING INCOME
33.9 M
NET INCOME
56.6 M
OPERATING CASH FLOW
52.1 M
INVESTING CASH FLOW
-49.4 M
FINANCING CASH FLOW
Balance Sheet Decomposition
Retail Opportunity Investments Corp.
| Current Assets | 73.6 M |
| Cash & Short-Term Investments | 8.42 M |
| Receivables | 65.9 M |
| Other Current Assets | -748 K |
| Non-Current Assets | 2.9 B |
| Long-Term Investments | 0 |
| PP&E | 0 |
| Other Non-Current Assets | 2.9 B |
| Current Liabilities | 134 M |
| Accounts Payable | 50.6 M |
| Short-Term Debt | 76.4 M |
| Other Current Liabilities | 6.84 M |
| Non-Current Liabilities | 1.27 B |
| Long-Term Debt | 1.53 B |
| Other Non-Current Liabilities | -258 M |
EFFICIENCY
Earnings Waterfall
Retail Opportunity Investments Corp.
| Revenue | 328 M |
| Cost Of Revenue | 195 M |
| Gross Profit | 133 M |
| Operating Expenses | 163 M |
| Operating Income | 110 M |
| Other Expenses | 73.2 M |
| Net Income | 36.7 M |
RATIOS
40.55%
GROSS MARGIN
33.52%
OPERATING MARGIN
10.54%
NET MARGIN
2.68%
ROE
1.16%
ROA
4.01%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Retail Opportunity Investments Corp.
| Net Income | 36.7 M |
| Depreciation & Amortization | 104 M |
| Capital Expenditures | 0 |
| Stock-Based Compensation | 12.7 M |
| Change in Working Capital | -5.93 M |
| Others | -11.7 M |
| Free Cash Flow | 147 M |
Wall Street Analysts Price Targets
Retail Opportunity Investments Corp.
Wall Street analysts predict an average 1-year price target for ROIC of $15.6 , with forecasts ranging from a low of $14 to a high of $17.5 .
ROIC Lowest Price Target
Wall Street Target
14 USD
-19.31%
ROIC Average Price Target
Wall Street Target
15.6 USD
-9.94%
ROIC Highest Price Target
Wall Street Target
17.5 USD
0.86%
4. DIVIDEND ANALYSIS
0.96%
DIVIDEND YIELD
0.15 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Retail Opportunity Investments Corp.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
1 year ago
Oct 30, 2023
|
Bought 16.7 K USD
|
Indiveri Michael J.
Director |
+ 1500
|
11.16 USD |
|
1 year ago
Aug 31, 2023
|
Sell 53.8 K USD
|
POMERANTZ LAURA H
Director |
- 4000
|
13.455 USD |
|
1 year ago
Mar 07, 2023
|
Sell 149 K USD
|
POMERANTZ LAURA H
Director |
- 10800
|
13.7768 USD |
|
1 year ago
Dec 12, 2022
|
Sell 99.9 K USD
|
POMERANTZ LAURA H
Director |
- 6425
|
15.5548 USD |
|
3 years ago
Apr 30, 2021
|
Sell 524 K USD
|
Zorn Eric S
Director |
- 30000
|
17.4514 USD |
|
3 years ago
Mar 04, 2021
|
Sell 79.4 K USD
|
SCHOEBEL RICHARD K.
Chief Operating Officer |
- 5000
|
15.89 USD |
|
3 years ago
Mar 04, 2021
|
Sell 79.1 K USD
|
SCHOEBEL RICHARD K.
Chief Operating Officer |
- 5000
|
15.82 USD |
|
3 years ago
Mar 03, 2021
|
Sell 113 K USD
|
SCHOEBEL RICHARD K.
Chief Operating Officer |
- 7000
|
16.17 USD |
|
3 years ago
Mar 03, 2021
|
Sell 113 K USD
|
SCHOEBEL RICHARD K.
Chief Operating Officer |
- 7000
|
16.14 USD |
|
4 years ago
Apr 28, 2020
|
Bought 268 K USD
|
Zorn Eric S
Director |
+ 29112
|
9.2204 USD |
|
4 years ago
Feb 21, 2020
|
Sell 127 K USD
|
PERSICO CHARLES J.
Director |
- 7475
|
16.9286 USD |
|
5 years ago
Nov 15, 2019
|
Sell 109 K USD
|
SCHOEBEL RICHARD K.
Chief Operating Officer |
- 6000
|
18.23 USD |
|
5 years ago
Nov 15, 2019
|
Sell 183 K USD
|
Haines Michael B.
EVP CFO, TREASURER & SECRETARY |
- 10000
|
18.3 USD |
|
5 years ago
Nov 12, 2019
|
Sell 108 K USD
|
SCHOEBEL RICHARD K.
Chief Operating Officer |
- 6000
|
18.0783 USD |
|
5 years ago
Oct 31, 2019
|
Sell 248 K USD
|
POMERANTZ LAURA H
Director |
- 13275
|
18.6636 USD |
|
5 years ago
Oct 31, 2019
|
Sell 933 K USD
|
BAKER RICHARD A.
Director |
- 50000
|
18.6625 USD |
|
6 years ago
May 01, 2018
|
Sell 99.3 K USD
|
PERSICO CHARLES J.
Director |
- 5800
|
17.1252 USD |
|
7 years ago
Feb 27, 2017
|
Sell 111 K USD
|
PERSICO CHARLES J.
Director |
- 5000
|
22.2534 USD |
|
13 years ago
May 18, 2011
|
Sell 111 K USD
|
PERSICO CHARLES J.
Director |
- 10000
|
11.0863 USD |
|
13 years ago
May 11, 2011
|
Sell 54.1 K USD
|
PERSICO CHARLES J.
Director |
- 5000
|
10.8281 USD |
|
8 years ago
Aug 25, 2016
|
Bought 64.8 K USD
|
Indiveri Michael J.
Director |
+ 2900
|
22.328 USD |
|
8 years ago
Aug 16, 2016
|
Bought 119 K USD
|
Indiveri Michael J.
Director |
+ 5500
|
21.718 USD |
|
11 years ago
May 29, 2013
|
Sell 140 K USD
|
PERSICO CHARLES J.
Director |
- 10000
|
14.0378 USD |
|
11 years ago
May 07, 2013
|
Bought 310 K USD
|
MEYER EDWARD H
Director |
+ 20000
|
15.5 USD |
|
13 years ago
Oct 27, 2011
|
Sell 112 K USD
|
GLENHILL ADVISORS LLC
|
- 10000
|
11.1737 USD |
|
13 years ago
Oct 28, 2011
|
Sell 113 K USD
|
GLENHILL ADVISORS LLC
|
- 10000
|
11.2942 USD |
|
14 years ago
Aug 13, 2010
|
Sell 143 K USD
|
PERSICO CHARLES J.
Director |
- 15000
|
9.5589 USD |
|
14 years ago
May 26, 2010
|
Sell 37 K USD
|
GLENHILL ADVISORS LLC
10 percent owner |
- 3796
|
9.7487 USD |
|
14 years ago
May 26, 2010
|
Sell 647 K USD
|
GLENHILL ADVISORS LLC
10 percent owner |
- 66633
|
9.71 USD |
|
14 years ago
May 17, 2010
|
Sell 97.4 K USD
|
GLENHILL ADVISORS LLC
10 percent owner |
- 10000
|
9.735 USD |
|
14 years ago
May 13, 2010
|
Sell 245 K USD
|
GLENHILL ADVISORS LLC
10 percent owner |
- 25000
|
9.7808 USD |
|
14 years ago
May 12, 2010
|
Sell 401 K USD
|
GLENHILL ADVISORS LLC
10 percent owner |
- 40760
|
9.83 USD |
|
14 years ago
May 11, 2010
|
Sell 31.5 K USD
|
GLENHILL ADVISORS LLC
10 percent owner |
- 3230
|
9.75 USD |
|
14 years ago
May 11, 2010
|
Sell 487 K USD
|
GLENHILL ADVISORS LLC
10 percent owner |
- 50000
|
9.74 USD |
|
14 years ago
May 10, 2010
|
Sell 246 K USD
|
GLENHILL ADVISORS LLC
10 percent owner |
- 25228
|
9.75 USD |
|
14 years ago
Feb 26, 2010
|
Sell 657 K USD
|
GLENHILL ADVISORS LLC
10 percent owner |
- 65800
|
9.99 USD |
|
14 years ago
Feb 26, 2010
|
Sell 2.5 M USD
|
GLENHILL ADVISORS LLC
10 percent owner |
- 250000
|
10 USD |
|
14 years ago
Feb 25, 2010
|
Sell 18.4 K USD
|
GLENHILL ADVISORS LLC
10 percent owner |
- 1814
|
10.154 USD |
|
14 years ago
Feb 24, 2010
|
Sell 203 K USD
|
GLENHILL ADVISORS LLC
10 percent owner |
- 20000
|
10.17 USD |
|
14 years ago
Feb 24, 2010
|
Sell 752 K USD
|
GLENHILL ADVISORS LLC
10 percent owner |
- 74100
|
10.15 USD |
|
14 years ago
Feb 24, 2010
|
Sell 79.2 K USD
|
GLENHILL ADVISORS LLC
10 percent owner |
- 7800
|
10.16 USD |
|
14 years ago
Jan 25, 2010
|
Sell 947 K USD
|
GLENHILL ADVISORS LLC
10 percent owner |
- 91500
|
10.35 USD |
|
14 years ago
Jan 26, 2010
|
Sell 101 K USD
|
GLENHILL ADVISORS LLC
10 percent owner |
- 9766
|
10.36 USD |
|
14 years ago
Jan 27, 2010
|
Sell 45.6 K USD
|
GLENHILL ADVISORS LLC
10 percent owner |
- 4400
|
10.37 USD |
|
14 years ago
Jan 28, 2010
|
Sell 53.8 K USD
|
GLENHILL ADVISORS LLC
10 percent owner |
- 5200
|
10.35 USD |
|
14 years ago
Jan 29, 2010
|
Sell 127 K USD
|
GLENHILL ADVISORS LLC
10 percent owner |
- 12273
|
10.31 USD |
|
14 years ago
Jan 29, 2010
|
Sell 154 K USD
|
GLENHILL ADVISORS LLC
10 percent owner |
- 15000
|
10.26 USD |
|
14 years ago
Feb 01, 2010
|
Sell 611 K USD
|
GLENHILL ADVISORS LLC
10 percent owner |
- 59300
|
10.3 USD |
|
14 years ago
Feb 02, 2010
|
Sell 251 K USD
|
GLENHILL ADVISORS LLC
10 percent owner |
- 24300
|
10.32 USD |
|
14 years ago
Feb 02, 2010
|
Sell 381 K USD
|
GLENHILL ADVISORS LLC
10 percent owner |
- 37000
|
10.3 USD |
|
14 years ago
Feb 04, 2010
|
Sell 154 K USD
|
GLENHILL ADVISORS LLC
10 percent owner |
- 15000
|
10.29 USD |
|
14 years ago
Feb 05, 2010
|
Sell 24.7 K USD
|
GLENHILL ADVISORS LLC
10 percent owner |
- 2400
|
10.3 USD |
|
14 years ago
Feb 09, 2010
|
Sell 107 K USD
|
GLENHILL ADVISORS LLC
10 percent owner |
- 10400
|
10.27 USD |
|
14 years ago
Feb 10, 2010
|
Sell 52.3 K USD
|
GLENHILL ADVISORS LLC
10 percent owner |
- 5100
|
10.26 USD |
|
14 years ago
Feb 11, 2010
|
Sell 11.3 K USD
|
GLENHILL ADVISORS LLC
10 percent owner |
- 1100
|
10.26 USD |
|
14 years ago
Feb 12, 2010
|
Sell 622 K USD
|
GLENHILL ADVISORS LLC
10 percent owner |
- 61000
|
10.2 USD |
|
14 years ago
Feb 17, 2010
|
Sell 1.02 K USD
|
GLENHILL ADVISORS LLC
10 percent owner |
- 100
|
10.25 USD |
|
14 years ago
Feb 22, 2010
|
Sell 734 K USD
|
GLENHILL ADVISORS LLC
10 percent owner |
- 72000
|
10.2 USD |
|
17 years ago
Oct 17, 2007
|
Bought 33.6 K USD
|
NRDC Capital Management, LLC
10 percent owner |
+ 1680000
|
0.02 USD |
|
17 years ago
Oct 17, 2007
|
Bought 33.6 K USD
|
Baker Robert C.
Vice-Chairman of the Board |
+ 1680000
|
0.02 USD |
|
17 years ago
Oct 17, 2007
|
Bought 33.6 K USD
|
MACK WILLIAM L
Chairman of the Board |
+ 1680000
|
0.02 USD |
|
17 years ago
Oct 17, 2007
|
Bought 33.6 K USD
|
Neibart Lee S
President |
+ 1680000
|
0.02 USD |
|
17 years ago
Oct 17, 2007
|
Bought 33.6 K USD
|
Baker Richard A.
CEO and Corporate Secretary |
+ 1680000
|
0.02 USD |
7. News
ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Retail Opportunity Investments Corp.
NEW YORK , Nov. 13, 2024 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Retail Opportunity Investments Corp. (NASDAQ: ROIC) and its board of directors concerning the proposed acquisition of the company by Blackstone (NYSE: BX). Stockholders will receive $17.50 for each share of Retail Opportunity Investments stock that they hold.
prnewswire.com
- 3 days ago
Sector Spotlight: Shopping Center REITs
Blackstone's acquisition of Retail Opportunity Investments Corp. highlights increased M&A activity in the retail real estate sector, raising speculation on future deals. Retail REITs have shown strong returns in 2024, driven by robust leasing, occupancy, and impressive Same Store Net Operating Income growth. Retail REITs now trade at or near Net Asset Value, reflecting improved market sentiment and potential for continued share price appreciation.
seekingalpha.com
- 4 days ago
STOCKHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of Retail Opportunity Investments Corp. – ROIC
NEW YORK, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Retail Opportunity Investments Corp. (Nasdaq: ROIC ), relating to its proposed merger with Blackstone. Under the terms of the agreement, Blackstone Real Estate Partners X will acquire all outstanding common shares of ROIC for $17.50 per share in an all-cash transaction.
globenewswire.com
- 1 week ago
RETAIL OPPORTUNITY INVESTMENTS INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Retail Opportunity Investments Corp. - ROIC
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Retail Opportunity Investments Corp. (NasdaqGS: ROIC) to Blackstone Inc. (NYSE: BX). Under the terms of the proposed transaction, shareholders of Retail Opportunity will receive $17.50 in cash for each share of Retail Opportunity that they own. KSF is seeking to determine whether this consideration and the pro.
businesswire.com
- 1 week ago
ROIC Alert: Monsey Firm of Wohl & Fruchter Investigating Fairness of the Sale of Retail Opportunity Investments Corp. to Blackstone
MONSEY, New York, Nov. 06, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the proposed sale of Retail Opportunity Investments Corp. (Nasdaq: ROIC) (“ROIC”) to Blackstone for $17.50 per share in cash. If you remain an ROIC shareholder and question the fairness of the price, you may contact our firm at the following link to discuss your legal rights at no charge: https://wohlfruchter.com/cases/roic/ Alternatively, you may contact us by phone at 866-833-6245, or via email at alerts@wohlfruchter.com.
globenewswire.com
- 1 week ago
ROIC Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Retail Opportunity Investments Corp. Is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Retail Opportunity Investments Corp. (NASDAQ: ROIC) to Blackstone for $17.50 per share is fair to Retail Opportunity shareholders. Halper Sadeh encourages Retail Opportunity shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigation conce.
businesswire.com
- 1 week ago
Blackstone Real Estate to take Retail Opportunity private in $4 bln deal
Blackstone Real Estate on Wednesday entered into an agreement to take Retail Opportunity Investments Corp private in an all-cash transaction valued at about $4 billion, including debt.
reuters.com
- 1 week ago
Shareholder Alert: Ademi LLP Investigates Whether Retail Opportunity Investments Corp. Is Obtaining a Fair Price for Its Public Shareholders
MILWAUKEE--(BUSINESS WIRE)--Ademi LLP is investigating ROIC (NASDAQ: ROIC) for possible breaches of fiduciary duty and other violations of law in its transaction with Blackstone. Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ademilaw.com or toll-free: 866-264-3995. There is no cost or obligation to you. Under the agreement, stockholders of ROIC will receive only $17.50 per share in an all-cash transaction valued at approximately $4 b.
businesswire.com
- 1 week ago
Blackstone Real Estate to Take Retail Opportunity Investments Private for $4 Billion
NEW YORK & SAN DIEGO--(BUSINESS WIRE)--Blackstone (NYSE: BX) and Retail Opportunity Investments Corp. (Nasdaq: ROIC) (“ROIC” or the “Company”) today announced that they have entered into a definitive agreement under which Blackstone Real Estate Partners X will acquire all outstanding common shares of ROIC for $17.50 per share in an all-cash transaction valued at approximately $4 billion, including outstanding debt. ROIC's portfolio consists of 93 high-quality, grocery-anchored retail properties.
businesswire.com
- 1 week ago
Exclusive: Blackstone in advanced talks to acquire shopping center owner Retail Opportunity, sources say
Blackstone is in advanced talks to acquire Retail Opportunity Investments Corp , which owns U.S. shopping centers, according to people familiar with the matter.
reuters.com
- 1 week ago
Retail Opportunity Investments Corp. (ROIC) Q3 2024 Earnings Call Transcript
Retail Opportunity Investments Corp. (NASDAQ:ROIC ) Q3 2024 Earnings Conference Call October 23, 2024 9:00 AM ET Company Participants Lauren Silveira - Chief Accounting Officer Stuart Tanz - President and Chief Executive Officer Michael Haines - Chief Financial Officer Richard Schoebel - Chief Operating Officer Conference Call Participants Dori Kesten - Wells Fargo Securities Juan Sanabria - BMO Capital Markets Craig Mailman - Citi Todd Thomas - KeyBanc Capital Markets Wesley Golladay - Baird Michael Mueller - JPMorgan Paulina Rojas-Schmidt - Green Street Operator Welcome to Retail Opportunity Investments' Third Quarter 2024 Conference Call. Participants are currently in a listen-only mode.
seekingalpha.com
- 3 weeks ago
Retail Opportunity Investments (ROIC) Q3 FFO Lag Estimates
Retail Opportunity Investments (ROIC) came out with quarterly funds from operations (FFO) of $0.25 per share, missing the Zacks Consensus Estimate of $0.26 per share. This compares to FFO of $0.27 per share a year ago.
zacks.com
- 3 weeks ago
8. Profile Summary
Retail Opportunity Investments Corp. ROIC
COUNTRY
US
INDUSTRY
REIT - Retail
MARKET CAP
$ 2.22 B
Dividend Yield
0.96%
Description
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.
Contact
11250 El Camino Real, San Diego, CA, 92130
https://www.roireit.net
IPO Date
Nov. 3, 2009
Employees
71
Officers
Mr. Stuart A. Tanz
President, Chief Executive Officer & Director
Ms. Ashley Rubino
Investor Relations Officer
Ms. Lauren N. Silveira
Vice President & Chief Accounting Officer
Ms. Carol Merriman
Investor Relations Officer
Mr. Richard K. Schoebel
Chief Operating Officer