Retail Opportunity Investments Corp. (ROIC) Stake Lowered by Allianz Asset Management GmbH

Allianz Asset Management GmbH lessened its holdings in Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 53.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 410,651 shares of the real estate investment trust’s stock after selling 471,201 shares during the period. Allianz Asset Management GmbH owned approximately 0.37% of Retail Opportunity Investments worth $7,806,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. California Public Employees Retirement System lifted its stake in shares of Retail Opportunity Investments by 1.9% in the 2nd quarter. California Public Employees Retirement System now owns 179,500 shares of the real estate investment trust’s stock valued at $3,445,000 after purchasing an additional 3,400 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Retail Opportunity Investments by 560.6% in the 2nd quarter. Bank of Montreal Can now owns 19,090 shares of the real estate investment trust’s stock valued at $367,000 after purchasing an additional 16,200 shares during the last quarter. Dupont Capital Management Corp raised its holdings in shares of Retail Opportunity Investments by 18.5% in the 3rd quarter. Dupont Capital Management Corp now owns 115,126 shares of the real estate investment trust’s stock valued at $2,189,000 after buying an additional 17,971 shares during the period. IndexIQ Advisors LLC raised its holdings in shares of Retail Opportunity Investments by 12.0% in the 2nd quarter. IndexIQ Advisors LLC now owns 130,245 shares of the real estate investment trust’s stock valued at $2,499,000 after buying an additional 13,969 shares during the period. Finally, Sterling Capital Management LLC purchased a new stake in shares of Retail Opportunity Investments in the 2nd quarter valued at $1,343,000. 97.45% of the stock is currently owned by institutional investors and hedge funds.

Shares of Retail Opportunity Investments Corp. (ROIC) opened at $19.87 on Monday. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $2,180.34, a price-to-earnings ratio of 17.90, a P/E/G ratio of 2.58 and a beta of 0.68. Retail Opportunity Investments Corp. has a 1-year low of $17.87 and a 1-year high of $22.37.

Retail Opportunity Investments (NASDAQ:ROIC) last posted 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 Thomson Reuters’ consensus estimate of $0.29 by ($0.21). Retail Opportunity Investments had a net margin of 14.13% and a return on equity of 2.86%. 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 prior year, the firm posted $0.26 EPS. Retail Opportunity Investments’s quarterly revenue was up 14.5% compared to the same quarter last year. research analysts forecast that Retail Opportunity Investments Corp. will post 1.13 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, December 14th will be issued a dividend of $0.188 per share. The ex-dividend date of this dividend is Wednesday, December 13th. This represents a $0.75 annualized dividend and a yield of 3.78%. Retail Opportunity Investments’s dividend payout ratio (DPR) is 220.59%.

ROIC has been the topic of several research analyst reports. Jefferies Group downgraded Retail Opportunity Investments from a “buy” rating to a “hold” rating and cut their price objective for the company from $25.00 to $21.00 in a report on Friday, September 15th. Robert W. Baird reiterated a “buy” rating and issued a $22.00 price objective on shares of Retail Opportunity Investments in a report on Thursday, August 24th. Zacks Investment Research upgraded Retail Opportunity Investments from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. KeyCorp reiterated a “neutral” rating on shares of Retail Opportunity Investments in a report on Tuesday, October 24th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $22.00 price objective on shares of Retail Opportunity Investments in a report on Monday, October 30th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $22.00.

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Retail Opportunity Investments Company 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.

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

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