Texas Permanent School Fund Sells 584 Shares of Retail Opportunity Investments Corp. (ROIC)

Texas Permanent School Fund cut its position in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 0.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 79,132 shares of the real estate investment trust’s stock after selling 584 shares during the period. Texas Permanent School Fund owned approximately 0.07% of Retail Opportunity Investments Corp. worth $1,664,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Tyers Asset Management LLC purchased a new position in shares of Retail Opportunity Investments Corp. during the fourth quarter worth about $122,000. Flinton Capital Management LLC raised its position in shares of Retail Opportunity Investments Corp. by 0.4% in the first quarter. Flinton Capital Management LLC now owns 7,392 shares of the real estate investment trust’s stock valued at $155,000 after buying an additional 28 shares during the last quarter. Daiwa Securities Group Inc. raised its position in shares of Retail Opportunity Investments Corp. by 31.3% in the first quarter. Daiwa Securities Group Inc. now owns 8,400 shares of the real estate investment trust’s stock valued at $177,000 after buying an additional 2,000 shares during the last quarter. Neuburgh Advisers LLC raised its position in shares of Retail Opportunity Investments Corp. by 0.4% in the first quarter. Neuburgh Advisers LLC now owns 8,976 shares of the real estate investment trust’s stock valued at $189,000 after buying an additional 34 shares during the last quarter. Finally, First Citizens Bank & Trust Co. bought a new position in shares of Retail Opportunity Investments Corp. during the first quarter valued at $239,000. 96.29% of the stock is owned by institutional investors and hedge funds.

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

Retail Opportunity Investments Corp. (NASDAQ ROIC) traded up 1.65% during midday trading on Friday, hitting $19.13. 4,045,558 shares of the stock traded hands. The company has a 50-day moving average price of $20.04 and a 200-day moving average price of $20.81. Retail Opportunity Investments Corp. has a 1-year low of $18.45 and a 1-year high of $23.05. The firm has a market cap of $2.10 billion, a P/E ratio of 59.04 and a beta of 0.66.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last announced its quarterly earnings results on Wednesday, April 26th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. Retail Opportunity Investments Corp. had a return on equity of 2.71% and a net margin of 14.13%. The business had revenue of $65.90 million during the quarter, compared to the consensus estimate of $62.86 million. During the same quarter last year, the firm posted $0.27 EPS. The company’s quarterly revenue was up 17.5% on a year-over-year basis. Analysts predict that Retail Opportunity Investments Corp. will post $0.37 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 29th. Shareholders of record on Thursday, June 15th will be issued a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 3.92%. The ex-dividend date is Tuesday, June 13th. Retail Opportunity Investments Corp.’s dividend payout ratio is 174.42%.

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Several analysts have issued reports on ROIC shares. Zacks Investment Research downgraded shares of Retail Opportunity Investments Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, May 2nd. Canaccord Genuity reaffirmed a “buy” rating and issued a $26.00 price target on shares of Retail Opportunity Investments Corp. in a report on Thursday, April 27th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $26.00 price target on shares of Retail Opportunity Investments Corp. in a report on Friday, May 12th. TheStreet downgraded shares of Retail Opportunity Investments Corp. from a “b” rating to a “c+” rating in a research note on Friday, April 28th. Finally, Citigroup Inc. reissued a “neutral” rating and set a $21.00 price objective (down previously from $22.00) on shares of Retail Opportunity Investments Corp. in a research note on Tuesday, June 6th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Retail Opportunity Investments Corp. has an average rating of “Hold” and an average price target of $24.17.

About Retail Opportunity Investments Corp.

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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