Retail Opportunity Investments Corp (ROIC) Shares Bought by Rhumbline Advisers

Rhumbline Advisers boosted its stake in Retail Opportunity Investments Corp (NASDAQ:ROIC) by 3.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 279,493 shares of the real estate investment trust’s stock after purchasing an additional 8,410 shares during the quarter. Rhumbline Advisers’ holdings in Retail Opportunity Investments were worth $4,939,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Louisiana State Employees Retirement System lifted its stake in Retail Opportunity Investments by 6.1% in the 4th quarter. Louisiana State Employees Retirement System now owns 47,200 shares of the real estate investment trust’s stock worth $942,000 after purchasing an additional 2,700 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in Retail Opportunity Investments by 27.8% in the 1st quarter. Daiwa Securities Group Inc. now owns 14,700 shares of the real estate investment trust’s stock worth $260,000 after purchasing an additional 3,200 shares in the last quarter. Strs Ohio increased its holdings in shares of Retail Opportunity Investments by 2.4% in the 4th quarter. Strs Ohio now owns 171,171 shares of the real estate investment trust’s stock worth $3,414,000 after buying an additional 4,072 shares during the last quarter. Swiss National Bank increased its holdings in shares of Retail Opportunity Investments by 2.3% in the 4th quarter. Swiss National Bank now owns 185,000 shares of the real estate investment trust’s stock worth $3,691,000 after buying an additional 4,200 shares during the last quarter. Finally, CI Investments Inc. increased its holdings in shares of Retail Opportunity Investments by 0.3% in the 4th quarter. CI Investments Inc. now owns 1,846,683 shares of the real estate investment trust’s stock worth $36,841,000 after buying an additional 6,100 shares during the last quarter. Institutional investors and hedge funds own 97.38% of the company’s stock.

A number of research firms have recently weighed in on ROIC. Jefferies Group restated a “hold” rating and issued a $18.00 target price on shares of Retail Opportunity Investments in a report on Tuesday, February 27th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $19.00 target price (down from $20.00) on shares of Retail Opportunity Investments in a report on Friday, March 16th. BidaskClub downgraded shares of Retail Opportunity Investments from a “sell” rating to a “strong sell” rating in a report on Tuesday, January 30th. Zacks Investment Research upgraded shares of Retail Opportunity Investments from a “sell” rating to a “hold” rating in a report on Tuesday, May 8th. Finally, Robert W. Baird restated a “buy” rating and issued a $20.00 target price on shares of Retail Opportunity Investments in a report on Wednesday, March 21st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. Retail Opportunity Investments has a consensus rating of “Hold” and a consensus price target of $20.07.

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

Retail Opportunity Investments opened at $17.77 on Friday, Marketbeat Ratings reports. Retail Opportunity Investments Corp has a twelve month low of $16.17 and a twelve month high of $21.20. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.91 and a current ratio of 1.91. The stock has a market capitalization of $1.99 billion, a PE ratio of 15.59, a price-to-earnings-growth ratio of 2.34 and a beta of 0.55.

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

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 28th. Investors of record on Thursday, June 14th will be issued a dividend of $0.195 per share. The ex-dividend date is Wednesday, June 13th. This represents a $0.78 annualized dividend and a yield of 4.39%. Retail Opportunity Investments’s payout ratio is 68.42%.

Retail Opportunity Investments Profile

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 March 31, 2018, ROIC owned 91 shopping centers encompassing approximately 10.5 million square feet.

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

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