Great West Life Assurance Co. Can Sells 10,272 Shares of Retail Opportunity Investments Corp. (ROIC)

Great West Life Assurance Co. Can reduced its stake in Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 4.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 202,571 shares of the real estate investment trust’s stock after selling 10,272 shares during the period. Great West Life Assurance Co. Can owned approximately 0.18% of Retail Opportunity Investments worth $3,852,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Deprince Race & Zollo Inc. acquired a new position in Retail Opportunity Investments during the second quarter valued at approximately $32,598,000. Thompson Siegel & Walmsley LLC raised its position in Retail Opportunity Investments by 49.2% during the second quarter. Thompson Siegel & Walmsley LLC now owns 2,277,673 shares of the real estate investment trust’s stock valued at $43,709,000 after purchasing an additional 750,851 shares in the last quarter. Jennison Associates LLC raised its position in Retail Opportunity Investments by 52.4% during the second quarter. Jennison Associates LLC now owns 1,281,342 shares of the real estate investment trust’s stock valued at $24,589,000 after purchasing an additional 440,421 shares in the last quarter. BlackRock Inc. raised its position in Retail Opportunity Investments by 2.0% during the second quarter. BlackRock Inc. now owns 17,311,892 shares of the real estate investment trust’s stock valued at $332,216,000 after purchasing an additional 344,463 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in Retail Opportunity Investments by 29.9% during the third quarter. Russell Investments Group Ltd. now owns 1,329,350 shares of the real estate investment trust’s stock valued at $25,271,000 after purchasing an additional 306,115 shares in the last quarter. Institutional investors and hedge funds own 97.45% of the company’s stock.

Several research analysts have commented on ROIC shares. Zacks Investment Research upgraded shares of Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. 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. FBR & Co set a $23.00 price objective on shares of Retail Opportunity Investments and gave the company a “hold” rating in a research report on Wednesday, October 11th. KeyCorp restated a “hold” rating on shares of Retail Opportunity Investments in a research report on Sunday, September 24th. Finally, Royal Bank Of Canada upgraded shares of Retail Opportunity Investments from a “sector perform” rating to an “outperform” rating and set a $23.00 price objective for the company in a research report on Thursday, August 17th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $22.00.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) opened at $19.48 on Monday. The stock has a market cap of $2,137.54, a price-to-earnings ratio of 17.55, a PEG ratio of 2.53 and a beta of 0.68. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.64 and a current ratio of 1.64. Retail Opportunity Investments Corp. has a 1-year low of $17.87 and a 1-year high of $22.37.

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

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, December 14th will be issued a dividend of $0.188 per share. The ex-dividend date of this dividend is Wednesday, December 13th. This represents a $0.75 annualized dividend and a dividend yield of 3.86%. Retail Opportunity Investments’s dividend payout ratio (DPR) is presently 220.59%.

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About Retail Opportunity Investments

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.

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

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