If You Invested $10,000 In ROIC Stock 10 Years Ago, How Much Would You Have Now?

Benzinga
03 Jan

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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 in densely populated metropolitan markets across the West Coast.

It is set to report its Q4 2024 earnings on Feb. 12, 2025. Wall Street analysts expect the company to post revenues of $82.55 million, down from $84.65 million in the previous year.

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If You Bought Retail Opportunity Investments Stock 10 Years Ago

The company's stock traded at approximately $17.02 per share 10 years ago. If you had invested $10,000, you could have bought roughly 588 shares. Currently, shares trade at $17.35, meaning your investment's value could have grown to $10,194 from stock price appreciation alone. However, Retail Opportunity Investments also paid dividends during these 10 years. 

Retail Opportunity Investments' dividend yield is currently 3.46%. Over the last 10 years, it has paid about $6.35 in dividends per share, which means you could have made $3,731 from dividends alone. 

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Summing up $10,194 and $3,731, we end up with the final value of your investment, which is $13,925. This is how much you could have made if you had invested $10,000 in Retail Opportunity Investments stock 10 years ago. This means a total return of 39.25%. However, this figure is significantly less than the S&P 500 total return for the same period, which was 224.32%.

What Could The Next 10 Years Bring? 

Retail Opportunity Investments has a consensus rating of "Neutral" and a price target of $16.5 based on the ratings of nine analysts. The price target implies a nearly 5% potential downside from the current stock price.

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On Oct. 22, the company announced its Q3 2024 earnings, posting an FFO of $0.25, missing the consensus estimate of $0.26. Revenues of $83.484 million came in above the consensus of $82.347 million, as reported by Benzinga.

The company currently estimates that GAAP net income for 2024 will be between $0.45 and $0.47 per diluted share and FFO between $1.03 and $1.05 per diluted share.

Given the expected % downside potential of 5%, growth-focused investors may not find Retail Opportunity Investments stock attractive. Conversely, the stock can be a good option for income-focused investors, who can benefit from the company's solid dividend yield of 3.46%.

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This article If You Invested $10,000 In ROIC Stock 10 Years Ago, How Much Would You Have Now? originally appeared on Benzinga.com

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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