Loeb Partners Corp Has $1.603 Million Stake in Retail Opportunity Investments Corp (ROIC)

Loeb Partners Corp increased its position in Retail Opportunity Investments Corp (NASDAQ:ROIC) by 17.2% during the first quarter, Holdings Channel reports. The firm owned 76,200 shares of the real estate investment trust’s stock after buying an additional 11,200 shares during the period. Loeb Partners Corp owned 0.07% of Retail Opportunity Investments Corp worth $1,603,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ROIC. Nicholas Hoffman & Company LLC. raised its position in shares of Retail Opportunity Investments Corp by 0.8% in the third quarter. Nicholas Hoffman & Company LLC. now owns 10,670 shares of the real estate investment trust’s stock valued at $234,000 after buying an additional 86 shares in the last quarter. Kissinger Financial Services LLC raised its position in shares of Retail Opportunity Investments Corp by 0.7% in the first quarter. Kissinger Financial Services LLC now owns 39,015 shares of the real estate investment trust’s stock valued at $820,000 after buying an additional 285 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Retail Opportunity Investments Corp by 1.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 35,714 shares of the real estate investment trust’s stock valued at $784,000 after buying an additional 446 shares in the last quarter. Private Advisor Group LLC raised its position in shares of Retail Opportunity Investments Corp by 0.7% in the fourth quarter. Private Advisor Group LLC now owns 69,116 shares of the real estate investment trust’s stock valued at $1,426,000 after buying an additional 465 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its position in shares of Retail Opportunity Investments Corp by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 44,500 shares of the real estate investment trust’s stock valued at $936,000 after buying an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 92.03% of the company’s stock.

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

Shares of Retail Opportunity Investments Corp (NASDAQ:ROIC) traded down 0.91% on Friday, hitting $21.80. The stock had a trading volume of 573,452 shares. Retail Opportunity Investments Corp has a 12-month low of $18.45 and a 12-month high of $23.05. The company has a market cap of $2.39 billion, a price-to-earnings ratio of 69.87 and a beta of 0.58. The stock has a 50 day moving average price of $21.11 and a 200-day moving average price of $20.84.

Retail Opportunity Investments Corp (NASDAQ:ROIC) last released its earnings results on Wednesday, February 22nd. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.19. Retail Opportunity Investments Corp had a return on equity of 2.49% and a net margin of 13.33%. The company had revenue of $63.10 million for the quarter, compared to analysts’ expectations of $60.65 million. During the same quarter in the previous year, the firm posted $0.25 EPS. The firm’s quarterly revenue was up 23.0% on a year-over-year basis. On average, equities analysts expect that Retail Opportunity Investments Corp will post $0.39 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 30th. Shareholders of record on Thursday, March 16th were given a dividend of $0.1875 per share. This is a boost from Retail Opportunity Investments Corp’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Tuesday, March 14th. This represents a $0.75 annualized dividend and a yield of 3.44%. Retail Opportunity Investments Corp’s payout ratio is presently 180.00%.

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Several research analysts recently issued reports on ROIC shares. Zacks Investment Research raised Retail Opportunity Investments Corp from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Wednesday, January 11th. FBR & Co reaffirmed a “hold” rating on shares of Retail Opportunity Investments Corp in a research report on Wednesday, February 22nd. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $22.31.

In other Retail Opportunity Investments Corp news, Director Charles J. Persico sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $22.25, for a total transaction of $111,250.00. Following the transaction, the director now owns 19,863 shares in the company, valued at approximately $441,951.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.30% of the company’s stock.

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.

5 Day Chart for NASDAQ:ROIC

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).

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