Dernières nouvelles pour Retail Opportunity (NASDAQ:ROIC) Stock

Retail Opportunity

Retail Opportunity Investments Corp is a self-managed real estate investment trust. The company specializes in the acquisition, ownership and management of necessity-based community and neighborhood shopping centers on the west coast of the United States, anchored by supermarkets and drugstores. The Company's primary business is the ownership, management, and redevelopment of retail real estate properties.

Retail Opportunity Investments Corp. - Common Stock

Retail Opportunity Investments Corp

Blackstone (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) shares are <a target="_blank" href="https://www.benzinga.com/markets" rel="noreferrer noopener">trading higher on Wednesday.</a>
In fact, several banking and private equity shares traded higher after Donald Trump <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41778433/s-p-500-dow-hit-record-highs-after-trump-win-fear-index-drops-20" target="_blank" rel="noreferrer noopener">won the U.S. presidential election</a>.
Meanwhile, Blackstone Real Estate Partners X has agreed to acquire all outstanding shares of Retail Opportunity Investments Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROIC#NASDAQ">ROIC</a>) <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/b41780739/blackstone-real-estate-to-take-retail-opportunity-investments-private-for-4-billion" rel="noreferrer noopener">for $17.50 per share</a>.
The all-cash deal is valued at approximately $4 billion, including Retail Opportunity Investments&#8217; outstanding debt.
The purchase price represents a premium of 34% to Retail Opportunity Investments&#8217; closing share price on July 29, the last trading day prior to news reports of a potential sale.
&#8220;We are pleased to be acquiring ROIC, which owns a unique collection of high-quality assets in some of the most desirable West Coast markets,&#8221; said Jacob Werner, Co-Head of Americas Acquisitions at Blackstone Real Estate.
The transaction is expected to close in the first quarter of 2025, subject to customary closing conditions.
Also Read: <a target="_blank" href="https://www.benzinga.com/trading-ideas/technicals/24/11/41781115/stock-of-the-day-trump-media-technology-hits-resistance-reverses-and-trends-lower" rel="noreferrer noopener">Stock Of The Day: Trump Media &amp; Technology Hits Resistance, Reverses And Trends Lower</a>
Retail Opportunity Investments&#8217; portfolio comprises 93 grocery-anchored retail properties totaling 10.5 million square feet concentrated in Los Angeles, Seattle, San Francisco and Portland.
&#8220;The sector is experiencing accelerating fundamentals, benefiting from nearly a decade of virtually no new construction, while demand for brick-and-mortar grocery stores, restaurants, fitness and other lifestyle retailers remains healthy,&#8221; Werner added.
&#8220;We are confident that Blackstone will position ROIC&#8217;s portfolio for continued growth and success,&#8221; said Stuart A. Tanz, President and Chief Executive Officer of Retail Opportunity Investments.
Price Action: ROIC shares traded higher by 4.28% to $17.30 at last check Wednesday, while BX shares traded higher by 4.03% to $176.46.
Image via Shutterstock
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ROIC

What's Going On With Blackstone Stock Today?

Trading Halt: Halt status updated at 12:30:00 PM ET: Quotation Resumption: News and Resumption Times

<a href="https://www.reuters.com/world/us/global-reaction-us-presidential-election-2024-11-06/" title="https://www.reuters.com/world/us/global-reaction-us-presidential-election-2024-11-06/">https://www.reuters.com/world/us/global-reaction-us-presidential-election-2024-11-06/</a>

Blackstone To Acquire Retail Opportunity Investments Corp. In $4B All-Cash Deal, Offering $17.50 Per Share For ROIC's 93 Grocery-Anchored Retail Properties Across Key West Coast Markets, Representing A 34% Premium

Trading Halt: Halted at 12:00:00 p.m. ET - Trading Halt: Halt News Pending

Keybanc analyst Todd Thomas downgrades Retail Opportunity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROIC#NASDAQ">ROIC</a>) from Overweight to Sector Weight.

Downgrades

Analyst Ratings

Keybanc Downgrades Retail Opportunity to Sector Weight

WIIM

Retail Opportunity shares are trading higher amid a Reuters report that Blackstone is in advanced talks to acquire the company.

Reuters Reported Blackstone Advanced Talks To Acquire Retail Opportunity Investments Corp

Raymond James analyst RJ Milligan downgrades Retail Opportunity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROIC#NASDAQ">ROIC</a>) from Outperform to Market Perform.

Raymond James Downgrades Retail Opportunity to Market Perform

Retail Opportunity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROIC#NASDAQ">ROIC</a>) lowers FY2024 FFO guidance from $1.04-1.07 to $1.03-1.05 vs $1.05 analyst estimate..

Guidance

Retail Opportunity Lowers FY2024 FFO Guidance from $1.04-1.07 to $1.03-1.05 vs $1.05 Est.

Retail Opportunity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROIC#NASDAQ">ROIC</a>) reported quarterly earnings of $0.25 per share which missed the analyst consensus estimate of $0.26 by 3.85 percent. This is a 7.41 percent decrease over earnings of $0.27 per share from the same period last year. The company reported quarterly sales of $83.484 million which beat the analyst consensus estimate of $82.347 million by 1.38 percent. This is a 2.13 percent increase over sales of $81.745 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

Retail Opportunity Q3 2024 FFO $0.25 Misses $0.26 Estimate, Sales $83.484M Beat $82.347M Estimate

Retail Opportunity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROIC#NASDAQ">ROIC</a>) is gearing up to announce its quarterly earnings on Tuesday, 2024-10-22. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Retail Opportunity will report an earnings per share (EPS) of $0.26.
The announcement from Retail Opportunity is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
<h3>Earnings History Snapshot</h3>
In the previous earnings release, the company missed EPS by $0.01, leading to a 4.45% drop in the share price the following trading session.
Here's a look at Retail Opportunity's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.26</td>
<td>0.26</td>
<td></td>
<td></td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.25</td>
<td>0.28</td>
<td>0.27</td>
<td>0.27</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-4.0%</td>
<td>-1.0%</td>
<td>-1.0%</td>
<td>-4.0%</td>
</tr>
</tbody>
</table>

<h3>Tracking Retail Opportunity's Stock Performance</h3>
Shares of Retail Opportunity were trading at $16.16 as of October 18. Over the last 52-week period, shares are up 33.93%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Analysts' Take on Retail Opportunity</h3>
For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Retail Opportunity.
A total of 2 analyst ratings have been received for Retail Opportunity, with the consensus rating being Neutral. The average one-year price target stands at $16.0, suggesting a potential 0.99% downside.
<h3>Peer Ratings Overview</h3>
In this comparison, we explore the analyst ratings and average 1-year price targets of Getty Realty, InvenTrust Properties and Acadia Realty Trust, three prominent industry players, offering insights into their relative performance expectations and market positioning.
<ul>
<li>The prevailing sentiment among analysts is an Buy trajectory for Getty Realty, with an average 1-year price target of $33.33, implying a potential 106.25% upside.</li>
<li>InvenTrust Properties is maintaining an Buy status according to analysts, with an average 1-year price target of $31.33, indicating a potential 93.87% upside.</li>
<li>The consensus outlook from analysts is an Neutral trajectory for Acadia Realty Trust, with an average 1-year price target of $24.33, indicating a potential 50.56% upside.</li>
</ul>
<h3>Key Findings: Peer Analysis Summary</h3>
In the peer analysis summary, key metrics for Getty Realty, InvenTrust Properties and Acadia Realty Trust are highlighted, providing an understanding of their respective standings within the industry and offering insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Retail Opportunity</td>
<td>Neutral</td>
<td>1.56%</td>
<td>$60.36M</td>
<td>0.57%</td>
</tr>
<tr>
<td>Getty Realty</td>
<td>Buy</td>
<td>11.72%</td>
<td>$45.95M</td>
<td>1.69%</td>
</tr>
<tr>
<td>InvenTrust Properties</td>
<td>Buy</td>
<td>4.23%</td>
<td>$48.13M</td>
<td>0.10%</td>
</tr>
<tr>
<td>Acadia Realty Trust</td>
<td>Neutral</td>
<td>-3.00%</td>
<td>$61.49M</td>
<td>0.07%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Retail Opportunity is positioned in the middle among its peers for revenue growth, with one company showing negative growth. In terms of gross profit, Retail Opportunity ranks at the top. However, its return on equity is at the bottom compared to the other companies analyzed.
<h3>Discovering Retail Opportunity: A Closer Look</h3>
Retail Opportunity Investments Corp is a self-managed real estate investment trust. The company specializes in the acquisition, ownership and management of necessity-based community and neighborhood shopping centers on the west coast of the United States, anchored by supermarkets and drugstores. The Company's primary business is the ownership, management, and redevelopment of retail real estate properties.
<h3>Retail Opportunity: A Financial Overview</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Positive Revenue Trend: Examining Retail Opportunity's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 1.56% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Real Estate sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 8.69%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Retail Opportunity's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 0.57%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Retail Opportunity's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.24%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Retail Opportunity's debt-to-equity ratio is below the industry average. With a ratio of 1.24, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<a href="https://www.benzinga.com/quote/ROIC/earnings">To track all earnings releases for Retail Opportunity visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

An Overview of Retail Opportunity's Earnings

Wells Fargo analyst Dori Kesten maintains Retail Opportunity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROIC#NASDAQ">ROIC</a>) with a Equal-Weight and raises the price target from $13.5 to $16.

Price Target

Wells Fargo Maintains Equal-Weight on Retail Opportunity, Raises Price Target to $16

Raymond James analyst RJ Milligan maintains Retail Opportunity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROIC#NASDAQ">ROIC</a>) with a Outperform and raises the price target from $15 to $16.

Raymond James Maintains Outperform on Retail Opportunity, Raises Price Target to $16

Blackstone Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) shares are trading higher premarket today. The company is reportedly in early talks to acquire Retail Opportunity Investments Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROIC#NASDAQ">ROIC</a>).
The buyout firm&#8217;s approach suggests it sees value in ROIC&#8217;s properties, which primarily include supermarkets and drugstores, reported Reuters.
Blackstone&#8217;s interest follows a 10% drop in ROIC&#8217;s shares over the past year, lagging behind other real estate investment trusts (REITs).
As per the report, no deal is guaranteed, and another bidder for ROIC could still emerge.
Based in San Diego, California, ROIC owned 95 shopping centers totaling approximately 10.7 million square feet (994,000 square meters) as of June. Last week, ROIC reported FFO for the&nbsp;second quarter&nbsp;of 2024 of $34.1 million, or&nbsp;$0.25&nbsp;per share, as compared to&nbsp;$35.6 million&nbsp;in FFO, or&nbsp;$0.27&nbsp;per share <a target="_blank" href="https://www.benzinga.com//node/39917647" rel="noreferrer noopener">for the&nbsp;second quarter&nbsp;of 2023.&nbsp;</a>
Yesterday, Blackstone Real Estate and MRP Group extended their all-cash tender offer of Ps. 40.50 per certificate for up to 100% of Terrafina&#8217;s <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/b40054255/blackstone-real-estate-and-mrp-group-announce-extension-of-100-cash-tender-offer-for-terrafina" rel="noreferrer noopener">outstanding real estate trust certificates</a>.
The all-cash tender offer includes a 27% premium over Terrafina&#8217;s unaffected price on December 4, 2023, and a more than 10% premium over its closing share price on June 7, 2024.
This month, BX reported&nbsp;second-quarter fiscal year 2024 adjusted revenues of&nbsp;$2.796 billion, beating the consensus of&nbsp;$2.619&nbsp;billion.&nbsp;Distributable earnings per share of&nbsp;$0.96&nbsp;(+3%&nbsp;Y/Y)&nbsp;<a target="_blank" href="https://www.benzinga.com//node/39841775" rel="noreferrer noopener">missed the consensus of&nbsp;$0.98</a>.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, BX stock has gained around&nbsp;35%&nbsp;in the last 12 months. Investors can gain exposure to the stock via&nbsp;EA Series Trust WHITEWOLF Publicly Listed Private Equity ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/LBO#BATS">LBO</a>) and&nbsp;Invesco Global Listed Private Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSP#NYSE">PSP</a>).
Also Read: <a target="_blank" href="https://www.benzinga.com//node/39844898" rel="noreferrer noopener">Blackstone Hits Two-Year Investment Peak, Anticipates Fed Rate Cuts Amid Easing Inflation: Report</a>
Price Action: ROIC stock closed 20.7% higher at $15.74 on Tuesday. BX shares are up 0.47% at $142.00 premarket at the last check Wednesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image via Shutterstock

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What's Going On With Blackstone Shares Premarket Wednesday?

Retail Opportunity Investments Corp. shares are trading higher following a report suggesting Blackstone is in talks to acquire the company.

Blackstone Is In Talks To Acquire Retail Opportunity Investment Corp, Sources Say

Retail Opportunity Investments Tightens FY24 FFO Per Share Forecast From $1.03 - $1.09 To $1.04 - $1.07, Est $1.05

Retail Opportunity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROIC#NASDAQ">ROIC</a>) reported quarterly earnings of $0.25 per share which met the analyst consensus estimate. This is a 7.41 percent decrease over earnings of $0.27 per share from the same period last year. The company reported quarterly sales of $83.320 million which beat the analyst consensus estimate of $81.068 million by 2.78 percent. This is a 1.56 percent increase over sales of $82.040 million the same period last year.

Retail Opportunity Q2 2024 GAAP EPS $0.25, Inline, Sales $83.320M Beat $81.068M Estimate

Wells Fargo analyst Dori Kesten maintains Retail Opportunity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROIC#NASDAQ">ROIC</a>) with a Equal-Weight and lowers the price target from $14 to $13.5.

Wells Fargo Maintains Equal-Weight on Retail Opportunity, Lowers Price Target to $13.5

Retail Opportunity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROIC#NASDAQ">ROIC</a>) reported quarterly earnings of $0.28 per share which beat the analyst consensus estimate of $0.27 by 3.7 percent. This is a 12 percent increase over earnings of $0.25 per share from the same period last year. The company reported quarterly sales of $85.330 million which beat the analyst consensus estimate of $83.816 million by 1.81 percent. This is a 7.61 percent increase over sales of $79.296 million the same period last year.

Retail Opportunity Q1 2024 FFO $0.28 Beats $0.27 Estimate, Sales $85.330M Beat $83.816M Estimate

KeyBanc downgraded Retail Opportunity (ROIC) to Sector Weight from Overweight without a price target The firm cites valuation for the downgrade fol...

Retail Opportunity downgraded to Sector Weight from Overweight at KeyBanc

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Retail Oppurtunity Investments trading halted, news pending

Blackstone Real Estate to take Retail Opportunity Investments private in $4B deal

Blackstone (BX) and Retail Opportunity Investments (ROIC) announced that they have entered into a definitive agreement under which Blackstone Real ...

Blackstone acquires Retail Opportunity for $17.50 per share or $4B

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Retail Oppurtunity Investments trading resumes

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Hold Rating for ROIC Amidst Acquisition by Blackstone Reflecting Limited Upside Potential

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Retail Opportunity Investments to be Acquired by Blackstone

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