Retail Opportunity Investments Corp. (NASDAQ:ROIC) Stake Lowered by California State Teachers Retirement System

California State Teachers Retirement System decreased its position in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 9.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 191,935 shares of the real estate investment trust’s stock after selling 19,954 shares during the quarter. California State Teachers Retirement System’s holdings in Retail Opportunity Investments Corp. were worth $3,683,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Riverhead Capital Management LLC increased its position in shares of Retail Opportunity Investments Corp. by 55.9% in the second quarter. Riverhead Capital Management LLC now owns 7,327 shares of the real estate investment trust’s stock valued at $141,000 after buying an additional 2,627 shares in the last quarter. Daiwa Securities Group Inc. increased its position in shares of Retail Opportunity Investments Corp. 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. Shelton Capital Management increased its position in shares of Retail Opportunity Investments Corp. by 5.6% during the second quarter. Shelton Capital Management now owns 10,858 shares of the real estate investment trust’s stock worth $208,000 after purchasing an additional 579 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Retail Opportunity Investments Corp. by 77.6% during the second quarter. SG Americas Securities LLC now owns 10,965 shares of the real estate investment trust’s stock worth $210,000 after purchasing an additional 4,790 shares in the last quarter. Finally, Flinton Capital Management LLC increased its position in shares of Retail Opportunity Investments Corp. by 56.4% during the second quarter. Flinton Capital Management LLC now owns 11,564 shares of the real estate investment trust’s stock worth $222,000 after purchasing an additional 4,172 shares in the last quarter. 95.42% of the stock is owned by institutional investors.

Several analysts have issued reports on ROIC shares. KeyCorp reaffirmed a “hold” rating on shares of Retail Opportunity Investments Corp. in a research note on Friday, August 25th. Royal Bank Of Canada raised Retail Opportunity Investments Corp. from a “sector perform” rating to an “outperform” rating and set a $23.00 target price on the stock in a research note on Thursday, August 17th. Robert W. Baird reissued a “buy” rating and set a $22.00 target price on shares of Retail Opportunity Investments Corp. in a research note on Thursday, August 24th. Jefferies Group LLC reissued a “buy” rating and set a $25.00 target price on shares of Retail Opportunity Investments Corp. in a research note on Tuesday, July 25th. Finally, Zacks Investment Research lowered Retail Opportunity Investments Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $22.00.

Retail Opportunity Investments Corp. (ROIC) traded down $0.02 during trading hours on Wednesday, reaching $19.30. The company had a trading volume of 820,900 shares, compared to its average volume of 897,663. The stock has a market cap of $2,119.99, a P/E ratio of 17.41, a PEG ratio of 2.51 and a beta of 0.66. 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 Corp. has a 12-month low of $17.87 and a 12-month high of $22.37.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last released its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.21). Retail Opportunity Investments Corp. had a return on equity of 2.86% and a net margin of 14.13%. The firm had revenue of $67.97 million for the quarter, compared to analysts’ expectations of $68.34 million. During the same quarter in the prior year, the business earned $0.26 EPS. The company’s quarterly revenue was up 14.5% compared to the same quarter last year. equities research analysts predict that Retail Opportunity Investments Corp. will post 1.13 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, December 14th will be given a dividend of $0.188 per share. The ex-dividend date is Wednesday, December 13th. This represents a $0.75 dividend on an annualized basis and a yield of 3.90%. Retail Opportunity Investments Corp.’s payout ratio is 220.59%.

ILLEGAL ACTIVITY WARNING: This piece of content was published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this piece of content on another site, it was illegally copied and reposted in violation of US & international copyright & trademark laws. The correct version of this piece of content can be viewed at https://stocknewstimes.com/2017/11/15/retail-opportunity-investments-corp-roic-holdings-cut-by-california-state-teachers-retirement-system.html.

Retail Opportunity Investments Corp. 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 Corp. (NASDAQ:ROIC)

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

Latest News

Leave a Reply