BlackRock Inc. Increases Holdings in Retail Opportunity Investments Corp (ROIC)

BlackRock Inc. boosted its position in Retail Opportunity Investments Corp (NASDAQ:ROIC) by 9.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,207,417 shares of the real estate investment trust’s stock after buying an additional 1,735,231 shares during the period. BlackRock Inc. owned approximately 17.03% of Retail Opportunity Investments worth $368,014,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Wells Fargo & Company MN boosted its position in Retail Opportunity Investments by 131.4% during the first quarter. Wells Fargo & Company MN now owns 1,712,531 shares of the real estate investment trust’s stock valued at $30,261,000 after buying an additional 972,575 shares during the period. Rhumbline Advisers boosted its position in Retail Opportunity Investments by 3.1% during the first quarter. Rhumbline Advisers now owns 279,493 shares of the real estate investment trust’s stock valued at $4,939,000 after buying an additional 8,410 shares during the period. SG Americas Securities LLC boosted its position in Retail Opportunity Investments by 25.2% during the first quarter. SG Americas Securities LLC now owns 38,780 shares of the real estate investment trust’s stock valued at $685,000 after buying an additional 7,808 shares during the period. Prudential Financial Inc. boosted its position in Retail Opportunity Investments by 4.1% during the first quarter. Prudential Financial Inc. now owns 190,251 shares of the real estate investment trust’s stock valued at $3,362,000 after buying an additional 7,550 shares during the period. Finally, Swiss National Bank boosted its position in Retail Opportunity Investments by 3.4% during the first quarter. Swiss National Bank now owns 191,200 shares of the real estate investment trust’s stock valued at $3,379,000 after buying an additional 6,200 shares during the period.

Shares of ROIC traded up $0.20 on Friday, hitting $18.24. 956,862 shares of the stock traded hands, compared to its average volume of 1,112,354. The company has a market capitalization of $2.11 billion, a P/E ratio of 16.00, a price-to-earnings-growth ratio of 2.62 and a beta of 0.55. The company has a quick ratio of 3.74, a current ratio of 3.74 and a debt-to-equity ratio of 1.17. Retail Opportunity Investments Corp has a one year low of $16.17 and a one year high of $20.14.

Retail Opportunity Investments (NASDAQ:ROIC) last announced its quarterly earnings results on Wednesday, July 25th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.23). Retail Opportunity Investments had a net margin of 13.23% and a return on equity of 2.90%. The firm had revenue of $72.34 million for the quarter, compared to the consensus estimate of $73.23 million. During the same period last year, the business earned $0.27 EPS. Retail Opportunity Investments’s revenue was up 8.6% on a year-over-year basis. On average, sell-side analysts expect that Retail Opportunity Investments Corp will post 1.16 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, September 27th. Investors of record on Thursday, September 13th were issued a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 4.28%. The ex-dividend date was Wednesday, September 12th. Retail Opportunity Investments’s dividend payout ratio is currently 68.42%.

ROIC has been the subject of several analyst reports. ValuEngine lowered shares of Retail Opportunity Investments from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. JPMorgan Chase & Co. lowered shares of Retail Opportunity Investments from a “neutral” rating to an “underweight” rating in a report on Friday, June 15th. BidaskClub upgraded shares of Retail Opportunity Investments from a “strong sell” rating to a “sell” rating in a report on Friday, June 15th. Zacks Investment Research upgraded shares of Retail Opportunity Investments from a “sell” rating to a “hold” rating in a report on Thursday, August 16th. Finally, Capital One Financial lowered shares of Retail Opportunity Investments from an “overweight” rating to an “equal weight” rating in a report on Thursday, July 26th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $19.69.

Retail Opportunity Investments Company Profile

Retail Opportunity Investments Corp. (NASDAQ:ROIC), is a fully-integrated, self-managed real estate investment trust (REIT) that specializes in the acquisition, ownership and management of grocery-anchored shopping centers located in densely-populated, metropolitan markets across the West Coast. As of June 30, 2018, ROIC owned 92 shopping centers encompassing approximately 10.6 million square feet.

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

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