Eii Capital Management Inc. Acquires Shares of 30,257 Retail Opportunity Investments Corp. (ROIC)

Eii Capital Management Inc. acquired a new stake in Retail Opportunity Investments Corp. (NASDAQ:ROIC) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 30,257 shares of the real estate investment trust’s stock, valued at approximately $575,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ROIC. Bank of Montreal Can increased its holdings in Retail Opportunity Investments by 560.6% in the second quarter. Bank of Montreal Can now owns 19,090 shares of the real estate investment trust’s stock valued at $367,000 after buying an additional 16,200 shares in the last quarter. Great West Life Assurance Co. Can increased its holdings in Retail Opportunity Investments by 2.9% in the second quarter. Great West Life Assurance Co. Can now owns 212,843 shares of the real estate investment trust’s stock valued at $4,084,000 after buying an additional 5,902 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in Retail Opportunity Investments by 15.5% in the second quarter. Daiwa Securities Group Inc. now owns 9,700 shares of the real estate investment trust’s stock valued at $186,000 after buying an additional 1,300 shares in the last quarter. Sei Investments Co. increased its holdings in Retail Opportunity Investments by 47.6% in the second quarter. Sei Investments Co. now owns 82,083 shares of the real estate investment trust’s stock valued at $1,575,000 after buying an additional 26,457 shares in the last quarter. Finally, TD Asset Management Inc. increased its holdings in Retail Opportunity Investments by 7.5% in the second quarter. TD Asset Management Inc. now owns 60,000 shares of the real estate investment trust’s stock valued at $1,151,000 after buying an additional 4,200 shares in the last quarter. 97.45% of the stock is owned by institutional investors.

A number of research analysts have weighed in on the stock. Citigroup cut their price objective on shares of Retail Opportunity Investments from $20.50 to $20.00 and set a “neutral” rating for the company in a report on Monday, October 30th. KeyCorp reaffirmed a “hold” rating on shares of Retail Opportunity Investments in a report on Sunday, September 24th. Royal Bank of Canada raised shares of Retail Opportunity Investments from a “sector perform” rating to an “outperform” rating and set a $23.00 target price for the company in a research note on Thursday, August 17th. Zacks Investment Research cut shares of Retail Opportunity Investments from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. Finally, FBR & Co set a $23.00 target price on shares of Retail Opportunity Investments and gave the stock a “hold” rating in a research note on Wednesday, October 11th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Retail Opportunity Investments currently has a consensus rating of “Hold” and an average target price of $22.00.

Shares of Retail Opportunity Investments Corp. (ROIC) opened at $19.60 on Friday. The company has a market cap of $2,141.93, a PE ratio of 17.59, a PEG ratio of 2.54 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 one year low of $17.87 and a one year high of $22.37.

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

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, December 14th will be paid a dividend of $0.188 per share. The ex-dividend date is Wednesday, December 13th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.84%. Retail Opportunity Investments’s dividend payout ratio is currently 220.59%.

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Retail Opportunity Investments 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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