BNP Paribas Arbitrage SA Reduces Position in Retail Opportunity Investments Corp (ROIC)

BNP Paribas Arbitrage SA reduced its position in shares of Retail Opportunity Investments Corp (NASDAQ:ROIC) by 18.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 38,585 shares of the real estate investment trust’s stock after selling 8,875 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Retail Opportunity Investments were worth $669,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Lindbrook Capital LLC purchased a new stake in shares of Retail Opportunity Investments in the fourth quarter worth approximately $27,000. First Hawaiian Bank purchased a new stake in shares of Retail Opportunity Investments in the first quarter worth approximately $32,000. PNC Financial Services Group Inc. raised its stake in shares of Retail Opportunity Investments by 23.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,197 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 603 shares during the last quarter. Whittier Trust Co. raised its stake in shares of Retail Opportunity Investments by 18.8% in the fourth quarter. Whittier Trust Co. now owns 3,684 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 584 shares during the last quarter. Finally, Nisa Investment Advisors LLC purchased a new stake in shares of Retail Opportunity Investments in the first quarter worth approximately $92,000. 94.19% of the stock is currently owned by institutional investors and hedge funds.

Shares of Retail Opportunity Investments stock opened at $17.57 on Tuesday. The company has a market capitalization of $2.01 billion, a PE ratio of 15.41, a P/E/G ratio of 3.66 and a beta of 0.72. Retail Opportunity Investments Corp has a 52 week low of $15.44 and a 52 week high of $19.80. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.13 and a quick ratio of 2.13.



Retail Opportunity Investments (NASDAQ:ROIC) last issued its quarterly earnings data on Wednesday, April 24th. The real estate investment trust reported $0.29 EPS for the quarter, hitting the consensus estimate of $0.29. The firm had revenue of $76.05 million during the quarter, compared to the consensus estimate of $75.31 million. Retail Opportunity Investments had a return on equity of 3.46% and a net margin of 15.22%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.30 earnings per share. On average, equities research analysts predict that Retail Opportunity Investments Corp will post 1.14 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th will be paid a $0.197 dividend. This represents a $0.79 annualized dividend and a dividend yield of 4.48%. The ex-dividend date is Wednesday, June 12th. Retail Opportunity Investments’s dividend payout ratio (DPR) is presently 69.30%.

Several analysts have recently commented on ROIC shares. BidaskClub raised Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. BMO Capital Markets reissued a “hold” rating and issued a $18.00 price objective on shares of Retail Opportunity Investments in a research note on Tuesday, February 19th. Finally, Zacks Investment Research downgraded Retail Opportunity Investments from a “hold” rating to a “sell” rating in a research note on Friday, March 1st. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $18.00.

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About Retail Opportunity Investments

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 December 31, 2018, ROIC owned 91 shopping centers encompassing approximately 10.5 million square feet.

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

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