Retail Opportunity Investments Corp (NASDAQ:ROIC) Holdings Boosted by Private Advisor Group LLC

Private Advisor Group LLC grew its holdings in shares of Retail Opportunity Investments Corp (NASDAQ:ROIC) by 2.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 63,949 shares of the real estate investment trust’s stock after buying an additional 1,490 shares during the period. Private Advisor Group LLC owned 0.06% of Retail Opportunity Investments worth $1,095,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Federated Investors Inc. PA raised its holdings in shares of Retail Opportunity Investments by 14.2% during the first quarter. Federated Investors Inc. PA now owns 3,060,003 shares of the real estate investment trust’s stock valued at $53,060,000 after buying an additional 379,498 shares during the last quarter. Centersquare Investment Management LLC raised its holdings in shares of Retail Opportunity Investments by 118.5% during the second quarter. Centersquare Investment Management LLC now owns 2,478,300 shares of the real estate investment trust’s stock valued at $42,453,000 after buying an additional 1,344,029 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of Retail Opportunity Investments by 12.2% during the second quarter. Jennison Associates LLC now owns 2,157,598 shares of the real estate investment trust’s stock valued at $36,960,000 after buying an additional 235,011 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Retail Opportunity Investments by 2.8% during the second quarter. Northern Trust Corp now owns 2,108,834 shares of the real estate investment trust’s stock valued at $36,125,000 after buying an additional 56,820 shares during the last quarter. Finally, Capital Growth Management LP raised its holdings in shares of Retail Opportunity Investments by 125.7% during the second quarter. Capital Growth Management LP now owns 2,065,000 shares of the real estate investment trust’s stock valued at $35,373,000 after buying an additional 1,150,000 shares during the last quarter. 95.58% of the stock is currently owned by institutional investors.

Shares of NASDAQ ROIC traded down $0.03 during mid-day trading on Tuesday, reaching $18.24. 250,716 shares of the company traded hands, compared to its average volume of 1,121,393. Retail Opportunity Investments Corp has a fifty-two week low of $15.44 and a fifty-two week high of $18.75. The company has a debt-to-equity ratio of 1.16, a current ratio of 4.36 and a quick ratio of 4.36. The firm has a market cap of $2.10 billion, a PE ratio of 16.00, a price-to-earnings-growth ratio of 3.75 and a beta of 0.72. The stock has a fifty day simple moving average of $17.93 and a 200-day simple moving average of $17.51.



Retail Opportunity Investments (NASDAQ:ROIC) last posted its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.02). Retail Opportunity Investments had a net margin of 15.28% and a return on equity of 3.50%. The company had revenue of $72.93 million for the quarter, compared to analyst estimates of $73.49 million. During the same quarter in the prior year, the business earned $0.27 EPS. Retail Opportunity Investments’s revenue was up .8% compared to the same quarter last year. As a group, 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, September 26th. Investors of record on Thursday, September 12th will be paid a dividend of $0.197 per share. The ex-dividend date of this dividend is Wednesday, September 11th. This represents a $0.79 dividend on an annualized basis and a dividend yield of 4.32%. Retail Opportunity Investments’s dividend payout ratio is presently 69.30%.

A number of equities research analysts have recently weighed in on ROIC shares. Zacks Investment Research raised Retail Opportunity Investments from a “sell” rating to a “hold” rating in a report on Wednesday, July 31st. DA Davidson reaffirmed a “buy” rating on shares of Retail Opportunity Investments in a report on Monday, July 29th. BMO Capital Markets set a $18.00 price target on Retail Opportunity Investments and gave the company a “hold” rating in a report on Wednesday, July 24th. ValuEngine raised Retail Opportunity Investments from a “sell” rating to a “hold” rating in a report on Tuesday, July 9th. Finally, BidaskClub cut Retail Opportunity Investments from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 20th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $18.00.

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 March 31, 2019, ROIC owned 90 shopping centers encompassing approximately 10.3 million square feet.

Featured Article: Technical Indicators – What is a Golden Cross?

Want to see what other hedge funds are holding ROIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Retail Opportunity Investments Corp (NASDAQ:ROIC).

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.