New Lifetime High Reached: Retail Opportunity Investments (ROIC)

Trade-Ideas LLC identified Retail Opportunity Investments ( ROIC) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Retail Opportunity Investments as such a stock due to the following factors:

  • ROIC has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $20.5 million.
  • ROIC has traded 7,056 shares today.
  • ROIC is trading at a new lifetime high.

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More details on ROIC:

Retail Opportunity Investments Corp., a real estate investment trust (REIT), engages in the acquisition, ownership, and management of necessity-based community and neighborhood shopping centers in the eastern and western regions of the United States. The stock currently has a dividend yield of 3.5%. ROIC has a PE ratio of 71. Currently there are 5 analysts that rate Retail Opportunity Investments a buy, 1 analyst rates it a sell, and 5 rate it a hold.

The average volume for Retail Opportunity Investments has been 559,000 shares per day over the past 30 days. Retail Opportunity Investments has a market cap of $2.1 billion and is part of the financial sector and real estate industry. The stock has a beta of 0.60 and a short float of 5.2% with 2.52 days to cover. Shares are up 15.4% year-to-date as of the close of trading on Monday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Retail Opportunity Investments as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

Highlights from the ratings report include:
  • The revenue growth came in higher than the industry average of 12.0%. Since the same quarter one year prior, revenues rose by 24.3%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • RETAIL OPPORTUNITY INVTS CP reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. Stable earnings per share over the past year indicate the company has sound management over its earnings and share float. We anticipate these figures will begin to experience more growth in the coming year. During the past fiscal year, RETAIL OPPORTUNITY INVTS CP increased its bottom line by earning $0.24 versus $0.23 in the prior year. This year, the market expects an improvement in earnings ($0.28 versus $0.24).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Real Estate Investment Trusts (REITs) industry. The net income increased by 91.1% when compared to the same quarter one year prior, rising from $4.20 million to $8.03 million.
  • Net operating cash flow has increased to $35.51 million or 23.68% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of 11.45%.
  • 38.96% is the gross profit margin for RETAIL OPPORTUNITY INVTS CP which we consider to be strong. It has increased from the same quarter the previous year. Despite the strong results of the gross profit margin, ROIC's net profit margin of 14.30% significantly trails the industry average.

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