Retail Opportunity Investments Corp. (ROIC) Position Lowered by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. trimmed its stake in Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 20.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 315,261 shares of the real estate investment trust’s stock after selling 80,359 shares during the period. Asset Management One Co. Ltd. owned approximately 0.29% of Retail Opportunity Investments worth $5,999,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in Retail Opportunity Investments by 2.0% during the 2nd quarter. BlackRock Inc. now owns 17,311,892 shares of the real estate investment trust’s stock worth $332,216,000 after purchasing an additional 344,463 shares during the period. State Street Corp boosted its stake in Retail Opportunity Investments by 2.5% during the 2nd quarter. State Street Corp now owns 4,190,488 shares of the real estate investment trust’s stock worth $80,416,000 after purchasing an additional 100,593 shares during the period. Thompson Siegel & Walmsley LLC boosted its stake in Retail Opportunity Investments by 3.2% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 2,351,274 shares of the real estate investment trust’s stock worth $44,698,000 after purchasing an additional 73,601 shares during the period. Hermes Investment Management Ltd. boosted its stake in Retail Opportunity Investments by 7.3% during the 3rd quarter. Hermes Investment Management Ltd. now owns 2,006,000 shares of the real estate investment trust’s stock worth $38,134,000 after purchasing an additional 135,866 shares during the period. Finally, Deprince Race & Zollo Inc. boosted its stake in Retail Opportunity Investments by 11.9% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 1,901,346 shares of the real estate investment trust’s stock worth $36,145,000 after purchasing an additional 202,635 shares during the period. 97.45% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts recently weighed in on the stock. KeyCorp reiterated a “neutral” rating on shares of Retail Opportunity Investments in a research note on Tuesday, October 24th. Jefferies Group set a $20.00 target price on shares of Retail Opportunity Investments and gave the stock a “hold” rating in a research note on Tuesday, October 31st. Zacks Investment Research upgraded shares of Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Citigroup reduced their target price on shares of Retail Opportunity Investments from $20.50 to $20.00 and set a “neutral” rating for the company in a research note on Monday, October 30th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $22.00 target price on shares of Retail Opportunity Investments in a research note on Monday, October 30th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $22.00.

Shares of Retail Opportunity Investments Corp. (ROIC) opened at $19.93 on Tuesday. Retail Opportunity Investments Corp. has a 52 week low of $17.87 and a 52 week high of $22.37. The company has a market cap of $2,190.00, a price-to-earnings ratio of 17.90, a PEG ratio of 2.58 and a beta of 0.68. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.06.

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 the Thomson Reuters’ consensus estimate of $0.29 by ($0.21). Retail Opportunity Investments had a return on equity of 2.86% and a net margin of 14.13%. The firm had revenue of $67.97 million during the quarter, compared to analyst estimates of $68.34 million. During the same quarter last year, the business posted $0.26 EPS. The firm’s revenue was up 14.5% on a year-over-year basis. equities research analysts expect that Retail Opportunity Investments Corp. will post 1.13 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, December 14th will be paid a $0.188 dividend. This represents a $0.75 annualized dividend and a dividend yield of 3.77%. The ex-dividend date of this dividend is Wednesday, December 13th. Retail Opportunity Investments’s dividend payout ratio (DPR) is presently 241.94%.

ILLEGAL ACTIVITY WARNING: “Retail Opportunity Investments Corp. (ROIC) Position Lowered by Asset Management One Co. Ltd.” was originally posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this story on another domain, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The legal version of this story can be accessed at https://sportsperspectives.com/2017/12/19/retail-opportunity-investments-corp-roic-position-lowered-by-asset-management-one-co-ltd.html.

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.

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

Receive News & Ratings for Retail Opportunity Investments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Retail Opportunity Investments and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply