Retail Opportunity Investments Corp. (ROIC) lowered its FY2024 EPS guidance to $1.030-$1.050.
Retail Opportunity Investments Corp. (ROIC) has adjusted its FY 2024 earnings guidance, projecting earnings per share (EPS) between $1.030 and $1.050, slightly below the consensus estimate of $1.050. The stock dipped to $15.67. Raymond James and Wells Fargo both raised their target prices to $16.00, with ratings of "outperform" and "equal weight," respectively. For Q3 2024, ROIC reported a net income of $32.1 million and a 97.1% lease rate.
October 22, 2024
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