Kayne Anderson Rudnick Investment Management LLC Raises Holdings in Retail Opportunity Investments Corp. (ROIC)

Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 12.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 133,068 shares of the real estate investment trust’s stock after purchasing an additional 15,094 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned about 0.12% of Retail Opportunity Investments worth $2,530,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of ROIC. Riverhead Capital Management LLC lifted its holdings in shares of Retail Opportunity Investments by 55.9% in the second quarter. Riverhead Capital Management LLC now owns 7,327 shares of the real estate investment trust’s stock valued at $141,000 after purchasing an additional 2,627 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in Retail Opportunity Investments by 15.5% during the second quarter. Daiwa Securities Group Inc. now owns 9,700 shares of the real estate investment trust’s stock worth $186,000 after purchasing an additional 1,300 shares during the last quarter. Shelton Capital Management lifted its stake in shares of Retail Opportunity Investments by 5.6% in the 2nd quarter. Shelton Capital Management now owns 10,858 shares of the real estate investment trust’s stock valued at $208,000 after acquiring an additional 579 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Retail Opportunity Investments by 77.6% in the 2nd quarter. SG Americas Securities LLC now owns 10,965 shares of the real estate investment trust’s stock valued at $210,000 after acquiring an additional 4,790 shares during the last quarter. Finally, Flinton Capital Management LLC increased its holdings in Retail Opportunity Investments by 56.4% during the 2nd quarter. Flinton Capital Management LLC now owns 11,564 shares of the real estate investment trust’s stock valued at $222,000 after purchasing an additional 4,172 shares during the period. 97.46% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts recently issued reports on the company. Jefferies Group cut Retail Opportunity Investments from a “buy” rating to a “hold” rating and lowered their price objective for the company from $25.00 to $21.00 in a research report on Friday, September 15th. Robert W. Baird restated a “buy” rating and set a $22.00 price objective on shares of Retail Opportunity Investments in a research report on Thursday, August 24th. Zacks Investment Research upgraded Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. KeyCorp reaffirmed a “neutral” rating on shares of Retail Opportunity Investments in a report on Tuesday, October 24th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $22.00 price objective on shares of Retail Opportunity Investments in a research note on Monday, October 30th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Retail Opportunity Investments currently has a consensus rating of “Hold” and an average price target of $22.00.

Retail Opportunity Investments Corp. (NASDAQ ROIC) traded up $0.32 during trading hours on Monday, hitting $19.84. 866,051 shares of the stock traded hands, compared to its average volume of 896,228. The firm has a market capitalization of $2,180.00, a P/E ratio of 17.59, a P/E/G ratio of 2.54 and a beta of 0.68. Retail Opportunity Investments Corp. has a 1-year low of $17.87 and a 1-year high of $22.37. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.06.

Retail Opportunity Investments (NASDAQ:ROIC) last posted its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.21). The business had revenue of $67.97 million for the quarter, compared to analyst estimates of $68.34 million. Retail Opportunity Investments had a net margin of 14.13% and a return on equity of 2.86%. The company’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.26 earnings per share. research analysts forecast that Retail Opportunity Investments Corp. will post 1.13 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, December 14th will be given a $0.188 dividend. The ex-dividend date of this dividend is Wednesday, December 13th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.79%. Retail Opportunity Investments’s dividend payout ratio (DPR) is currently 241.94%.

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Retail Opportunity Investments Company Profile

Retail Opportunity Investments Corp. (ROIC) is a fully integrated, self-managed real estate investment trust (REIT). 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.

Institutional Ownership by Quarter for Retail Opportunity Investments (NASDAQ:ROIC)

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