Neuberger Berman Group LLC trimmed its holdings in Retail Opportunity Investments Corp (NASDAQ:ROIC) by 88.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,125 shares of the real estate investment trust’s stock after selling 136,878 shares during the quarter. Neuberger Berman Group LLC’s holdings in Retail Opportunity Investments were worth $326,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Riverhead Capital Management LLC raised its holdings in Retail Opportunity Investments by 55.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 7,327 shares of the real estate investment trust’s stock valued at $141,000 after buying an additional 2,627 shares during the period. Shelton Capital Management raised its holdings in Retail Opportunity Investments by 5.6% during the 2nd quarter. Shelton Capital Management now owns 10,858 shares of the real estate investment trust’s stock valued at $208,000 after buying an additional 579 shares during the period. SG Americas Securities LLC raised its holdings in Retail Opportunity Investments by 77.6% during 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 buying an additional 4,790 shares during the period. Flinton Capital Management LLC increased its stake in Retail Opportunity Investments by 56.4% in the second quarter. Flinton Capital Management LLC now owns 11,564 shares of the real estate investment trust’s stock worth $222,000 after purchasing an additional 4,172 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new stake in Retail Opportunity Investments in the second quarter worth $259,000. 97.38% of the stock is currently owned by institutional investors and hedge funds.
Shares of Retail Opportunity Investments Corp (ROIC) opened at $18.84 on Friday. 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 Corp has a 12 month low of $17.87 and a 12 month high of $22.37. The company has a market capitalization of $2,070.00, a PE ratio of 60.77, a price-to-earnings-growth ratio of 2.39 and a beta of 0.68.
Retail Opportunity Investments (NASDAQ:ROIC) last announced its quarterly earnings data 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). Retail Opportunity Investments had a return on equity of 2.86% and a net margin of 14.13%. The firm had revenue of $67.97 million during the quarter, compared to analysts’ expectations of $68.34 million. During the same quarter in the previous year, the business earned $0.26 earnings per share. The company’s revenue for the quarter was up 14.5% compared to the same quarter last year. equities research analysts predict that Retail Opportunity Investments Corp will post 1.13 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Thursday, December 14th were given a dividend of $0.188 per share. This represents a $0.75 annualized dividend and a yield of 3.99%. The ex-dividend date of this dividend was Wednesday, December 13th. Retail Opportunity Investments’s dividend payout ratio is currently 241.94%.
A number of analysts have weighed in on ROIC shares. FBR & Co set a $23.00 target price on Retail Opportunity Investments and gave the stock a “hold” rating in a research note on Wednesday, October 11th. KeyCorp reissued a “hold” rating on shares of Retail Opportunity Investments in a research report on Sunday, September 24th. Royal Bank of Canada reissued a “buy” rating and set a $22.00 price target on shares of Retail Opportunity Investments in a research report on Monday, October 30th. Jefferies Group downgraded Retail Opportunity Investments from a “buy” rating to a “hold” rating and dropped their price target for the stock from $25.00 to $21.00 in a research report on Friday, September 15th. Finally, Citigroup dropped their price objective on Retail Opportunity Investments from $20.50 to $20.00 and set a “neutral” rating on the stock in a research report on Monday, October 30th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $22.00.
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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.
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