5,356,163 Shares in Retail Opportunity Inv (ROIC) Purchased by Ceredex Value Advisors LLC

Ceredex Value Advisors LLC acquired a new stake in Retail Opportunity Inv (NASDAQ:ROIC) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,356,163 shares of the real estate investment trust’s stock, valued at approximately $94,643,000. Retail Opportunity Inv makes up 1.1% of Ceredex Value Advisors LLC’s investment portfolio, making the stock its 14th largest holding. Ceredex Value Advisors LLC owned approximately 4.75% of Retail Opportunity Inv at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Virtus Fund Advisers LLC lifted its stake in Retail Opportunity Inv by 5.1% in the fourth quarter. Virtus Fund Advisers LLC now owns 4,912,797 shares of the real estate investment trust’s stock worth $98,010,000 after acquiring an additional 240,137 shares during the last quarter. Deprince Race & Zollo Inc. lifted its stake in Retail Opportunity Inv by 33.8% in the fourth quarter. Deprince Race & Zollo Inc. now owns 2,543,608 shares of the real estate investment trust’s stock worth $50,745,000 after acquiring an additional 642,262 shares during the last quarter. Hermes Investment Management Ltd. lifted its stake in Retail Opportunity Inv by 5.3% in the fourth quarter. Hermes Investment Management Ltd. now owns 2,112,758 shares of the real estate investment trust’s stock worth $42,150,000 after acquiring an additional 106,758 shares during the last quarter. Teachers Advisors LLC lifted its stake in Retail Opportunity Inv by 13.0% in the fourth quarter. Teachers Advisors LLC now owns 1,855,720 shares of the real estate investment trust’s stock worth $37,022,000 after acquiring an additional 213,604 shares during the last quarter. Finally, CI Investments Inc. lifted its stake in Retail Opportunity Inv by 0.3% in the fourth quarter. CI Investments Inc. now owns 1,846,683 shares of the real estate investment trust’s stock worth $36,841,000 after acquiring an additional 6,100 shares during the last quarter. Hedge funds and other institutional investors own 99.26% of the company’s stock.

Several analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Retail Opportunity Inv from a “sell” rating to a “hold” rating in a research report on Tuesday, May 8th. ValuEngine downgraded shares of Retail Opportunity Inv from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. BidaskClub downgraded shares of Retail Opportunity Inv from a “sell” rating to a “strong sell” rating in a research report on Tuesday, April 17th. Jefferies Group set a $17.00 price objective on shares of Retail Opportunity Inv and gave the stock a “hold” rating in a research report on Friday, April 13th. Finally, Robert W. Baird restated a “buy” rating and set a $20.00 price objective on shares of Retail Opportunity Inv in a research report on Wednesday, March 21st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $20.07.

In other news, Director Charles J. Persico sold 5,800 shares of Retail Opportunity Inv stock in a transaction on Tuesday, May 1st. The shares were sold at an average price of $17.13, for a total value of $99,354.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.20% of the company’s stock.

Shares of NASDAQ:ROIC opened at $17.22 on Friday. The company has a market cap of $1.91 billion, a PE ratio of 15.11, a P/E/G ratio of 2.24 and a beta of 0.55. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 1.13. Retail Opportunity Inv has a twelve month low of $16.99 and a twelve month high of $17.16.

Retail Opportunity Inv (NASDAQ:ROIC) last issued its quarterly earnings data on Wednesday, April 25th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.20). The company had revenue of $74.40 million for the quarter, compared to analysts’ expectations of $72.67 million. Retail Opportunity Inv had a return on equity of 2.98% and a net margin of 13.85%. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.28 EPS. equities research analysts forecast that Retail Opportunity Inv will post 1.19 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 28th. Stockholders of record on Thursday, June 14th will be issued a $0.195 dividend. The ex-dividend date is Wednesday, June 13th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 4.53%. Retail Opportunity Inv’s payout ratio is 68.42%.

About Retail Opportunity Inv

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 located in densely-populated, metropolitan markets across the West Coast. As of December 31, 2017, ROIC owned 91 shopping centers encompassing approximately 10.5 million square feet.

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

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