Retail Opportunity Investments Corp. (ROIC) Shares Bought by Virginia Retirement Systems ET AL

Virginia Retirement Systems ET AL grew its position in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 74.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 88,100 shares of the real estate investment trust’s stock after acquiring an additional 37,500 shares during the quarter. Virginia Retirement Systems ET AL owned about 0.08% of Retail Opportunity Investments worth $1,675,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ROIC. Bank of Montreal Can grew its stake in shares of 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. Russell Investments Group Ltd. grew its stake in shares of Retail Opportunity Investments by 206.0% in the second quarter. Russell Investments Group Ltd. now owns 1,023,235 shares of the real estate investment trust’s stock valued at $19,635,000 after buying an additional 688,874 shares in the last quarter. Great West Life Assurance Co. Can grew its stake in shares of 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. grew its stake in shares of 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. Finally, Texas Permanent School Fund grew its stake in shares of Retail Opportunity Investments by 1.2% in the second quarter. Texas Permanent School Fund now owns 80,114 shares of the real estate investment trust’s stock valued at $1,537,000 after buying an additional 982 shares in the last quarter. Institutional investors own 97.46% of the company’s stock.

A number of equities research analysts have recently issued reports on ROIC shares. Zacks Investment Research lowered Retail Opportunity Investments from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Royal Bank Of Canada upgraded 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. Robert W. Baird restated a “buy” rating and set a $22.00 price objective on shares of Retail Opportunity Investments in a research note on Thursday, August 24th. KeyCorp restated a “hold” rating on shares of Retail Opportunity Investments in a research note on Friday, August 25th. Finally, Jefferies Group lowered Retail Opportunity Investments from a “buy” rating to a “hold” rating and lowered their price objective for the company from $25.00 to $21.00 in a research note on Friday, September 15th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $22.00.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) opened at $19.45 on Wednesday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.06. Retail Opportunity Investments Corp. has a 1-year low of $17.87 and a 1-year high of $22.37. The company has a market capitalization of $2,141.93, a P/E ratio of 17.59, a price-to-earnings-growth ratio of 2.54 and a beta of 0.68.

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 firm had revenue of $67.97 million for the quarter, compared to the consensus estimate of $68.34 million. Retail Opportunity Investments had a return on equity of 2.86% and a net margin of 14.13%. The company’s quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.26 EPS. sell-side analysts expect that Retail Opportunity Investments Corp. will post 1.13 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, December 14th will be issued a $0.188 dividend. This represents a $0.75 annualized dividend and a dividend yield of 3.87%. The ex-dividend date of this dividend is Wednesday, December 13th. Retail Opportunity Investments’s dividend payout ratio (DPR) is 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.

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

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