Two Sigma Advisers LP raised its stake in Retail Opportunity Investments Corp (NASDAQ:ROIC) by 2.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 486,471 shares of the real estate investment trust’s stock after acquiring an additional 11,162 shares during the period. Two Sigma Advisers LP owned approximately 0.44% of Retail Opportunity Investments worth $9,705,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in ROIC. FDx Advisors Inc. acquired a new position in shares of Retail Opportunity Investments during the 4th quarter worth $221,000. Eaton Vance Management acquired a new position in shares of Retail Opportunity Investments during the 4th quarter worth $267,000. Ramsey Quantitative Systems acquired a new position in shares of Retail Opportunity Investments during the 4th quarter worth $269,000. Eii Capital Management Inc. acquired a new position in shares of Retail Opportunity Investments during the 3rd quarter worth $575,000. Finally, RMR Advisors LLC acquired a new position in shares of Retail Opportunity Investments during the 4th quarter worth $698,000. 99.28% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently commented on the company. Zacks Investment Research cut Retail Opportunity Investments from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. Jefferies Group reaffirmed a “hold” rating and issued a $18.00 target price on shares of Retail Opportunity Investments in a report on Tuesday, February 27th. Capital One Financial reaffirmed an “overweight” rating on shares of Retail Opportunity Investments in a report on Monday, February 12th. Citigroup lowered their target price on Retail Opportunity Investments from $20.00 to $18.50 and set a “neutral” rating for the company in a report on Wednesday, February 28th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $20.00 target price on shares of Retail Opportunity Investments in a report on Wednesday, March 21st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $20.94.
Retail Opportunity Investments (NASDAQ:ROIC) last issued its earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. Retail Opportunity Investments had a return on equity of 2.95% and a net margin of 14.08%. The business had revenue of $72.75 million during the quarter, compared to analysts’ expectations of $71.07 million. During the same quarter in the prior year, the firm earned $0.27 EPS. The business’s revenue for the quarter was up 15.3% compared to the same quarter last year. equities analysts forecast that Retail Opportunity Investments Corp will post 1.19 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be given a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date is Wednesday, March 14th. This is a positive change from Retail Opportunity Investments’s previous quarterly dividend of $0.19. Retail Opportunity Investments’s payout ratio is 222.86%.
About Retail Opportunity Investments
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.
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