Retail Opportunity Investments
Market Cap
US$2.3b
Last Updated
2021/05/07 04:35 UTC
Data Sources
Company Financials +
Executive Summary
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. More Details
Rewards
Risk Analysis
Snowflake Analysis
Average dividend payer with questionable track record.
Similar Companies
Share Price & News
How has Retail Opportunity Investments's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ROIC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: ROIC's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
0.5%
ROIC
-1.6%
US REITs
-1.7%
US Market
1 Year Return
88.6%
ROIC
32.1%
US REITs
51.8%
US Market
Return vs Industry: ROIC exceeded the US REITs industry which returned 32.1% over the past year.
Return vs Market: ROIC exceeded the US Market which returned 51.8% over the past year.
Shareholder returns
| ROIC | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.5% | -1.6% | -1.7% |
| 30 Day | 7.7% | 3.0% | 1.5% |
| 90 Day | 19.8% | 10.4% | 3.1% |
| 1 Year | 89.9%88.6% | 37.6%32.1% | 54.4%51.8% |
| 3 Year | 12.2%1.5% | 40.4%23.4% | 63.0%52.8% |
| 5 Year | 2.1%-14.3% | 49.3%19.3% | 127.2%101.9% |
Long-Term Price Volatility Vs. Market
How volatile is Retail Opportunity Investments's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall St
Trade Alert: The Independent Director Of Retail Opportunity Investments Corp. (NASDAQ:ROIC), Eric Zorn, Has Sold Some Shares Recently2 weeks ago | Simply Wall St
It's Unlikely That Retail Opportunity Investments Corp.'s (NASDAQ:ROIC) CEO Will See A Huge Pay Rise This Year1 month ago | Simply Wall St
Have Insiders Been Buying Retail Opportunity Investments Corp. (NASDAQ:ROIC) Shares?Valuation
Is Retail Opportunity Investments undervalued compared to its fair value and its price relative to the market?
0.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ROIC ($17.69) is trading below our estimate of fair value ($17.76)
Significantly Below Fair Value: ROIC is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: ROIC is poor value based on its PE Ratio (75.8x) compared to the US REITs industry average (46.8x).
PE vs Market: ROIC is poor value based on its PE Ratio (75.8x) compared to the US market (20.2x).
Price to Earnings Growth Ratio
PEG Ratio: ROIC is poor value based on its PEG Ratio (6.2x)
Price to Book Ratio
PB vs Industry: ROIC's PB Ratio (1.8x) is in line with the US REITs industry average.
Future Growth
How is Retail Opportunity Investments forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
12.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ROIC's forecast earnings growth (12.3% per year) is above the savings rate (2%).
Earnings vs Market: ROIC's earnings (12.3% per year) are forecast to grow slower than the US market (15.4% per year).
High Growth Earnings: ROIC's earnings are forecast to grow, but not significantly.
Revenue vs Market: ROIC's revenue (2% per year) is forecast to grow slower than the US market (9.2% per year).
High Growth Revenue: ROIC's revenue (2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if ROIC's Return on Equity is forecast to be high in 3 years time
Past Performance
How has Retail Opportunity Investments performed over the past 5 years?
4.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ROIC has high quality earnings.
Growing Profit Margin: ROIC's current net profit margins (9.8%) are lower than last year (16%).
Past Earnings Growth Analysis
Earnings Trend: ROIC's earnings have grown by 4.8% per year over the past 5 years.
Accelerating Growth: ROIC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ROIC had negative earnings growth (-42%) over the past year, making it difficult to compare to the REITs industry average (-8.5%).
Return on Equity
High ROE: ROIC's Return on Equity (2.3%) is considered low.
Financial Health
How is Retail Opportunity Investments's financial position?
Financial Position Analysis
Short Term Liabilities: ROIC's short term assets ($69.6M) exceed its short term liabilities ($51.5M).
Long Term Liabilities: ROIC's short term assets ($69.6M) do not cover its long term liabilities ($1.5B).
Debt to Equity History and Analysis
Debt Level: ROIC's debt to equity ratio (104.8%) is considered high.
Reducing Debt: ROIC's debt to equity ratio has increased from 88.7% to 104.8% over the past 5 years.
Debt Coverage: ROIC's debt is not well covered by operating cash flow (8.1%).
Interest Coverage: ROIC's interest payments on its debt are not well covered by EBIT (1.5x coverage).
Balance Sheet
Dividend
What is Retail Opportunity Investments's current dividend yield, its reliability and sustainability?
2.49%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: ROIC's dividend (2.49%) is higher than the bottom 25% of dividend payers in the US market (1.24%).
High Dividend: ROIC's dividend (2.49%) is low compared to the top 25% of dividend payers in the US market (3.42%).
Stability and Growth of Payments
Stable Dividend: ROIC's dividend payments have been volatile in the past 10 years.
Growing Dividend: ROIC's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (0.08%), ROIC's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ROIC's dividends in 3 years are forecast to be covered by earnings (60.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
9.3yrs
Average management tenure
CEO
Stuart Tanz (61 yo)
11.58yrs
Tenure
US$5,821,977
Compensation
Mr. Stuart A. Tanz has been the Chief Executive Officer and President of Retail Opportunity Investments GP LLC - General Partner of Retail Opportunity Investments Partnership, LP since 2009. Mr. Tanz has b...
CEO Compensation Analysis
Compensation vs Market: Stuart's total compensation ($USD5.82M) is above average for companies of similar size in the US market ($USD3.76M).
Compensation vs Earnings: Stuart's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: ROIC's management team is seasoned and experienced (9.3 years average tenure).
Board Members
Experienced Board: ROIC's board of directors are seasoned and experienced ( 11.6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ROIC insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Retail Opportunity Investments Corp.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Retail Opportunity Investments Corp.
- Ticker: ROIC
- Exchange: NasdaqGS
- Founded: NaN
- Industry: Retail REITs
- Sector: Real Estate
- Implied Market Cap: US$2.258b
- Market Cap: US$2.101b
- Shares outstanding: 127.64m
- Website: https://www.roireit.net
Number of Employees
Location
- Retail Opportunity Investments Corp.
- 11250 El Camino Real
- Suite 200
- San Diego
- California
- 92130
- United States
Listings
Biography
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-anchore...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/05/07 04:35 |
| End of Day Share Price | 2021/05/06 00:00 |
| Earnings | 2021/03/31 |
| Annual Earnings | 2020/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.