Oregon Public Employees Retirement Fund acquired a new stake in Retail Opportunity Investments Corp (NASDAQ:ROIC) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 688,382 shares of the real estate investment trust’s stock, valued at approximately $43,000. Oregon Public Employees Retirement Fund owned 0.60% of Retail Opportunity Investments at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. MML Investors Services LLC bought a new stake in shares of Retail Opportunity Investments in the 3rd quarter valued at about $197,000. Riverhead Capital Management LLC raised its holdings in shares of Retail Opportunity Investments by 27.9% in the 3rd quarter. Riverhead Capital Management LLC now owns 14,652 shares of the real estate investment trust’s stock valued at $274,000 after purchasing an additional 3,200 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Retail Opportunity Investments by 6.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 17,700 shares of the real estate investment trust’s stock valued at $281,000 after purchasing an additional 1,100 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Retail Opportunity Investments in the 3rd quarter valued at about $335,000. Finally, Bank of Montreal Can raised its holdings in shares of Retail Opportunity Investments by 227.2% in the 3rd quarter. Bank of Montreal Can now owns 25,414 shares of the real estate investment trust’s stock valued at $474,000 after purchasing an additional 17,648 shares in the last quarter. 95.47% of the stock is owned by institutional investors.
NASDAQ ROIC opened at $17.26 on Thursday. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.58 and a quick ratio of 1.58. The company has a market cap of $2.03 billion, a P/E ratio of 15.61, a PEG ratio of 2.67 and a beta of 0.74. Retail Opportunity Investments Corp has a 52 week low of $15.44 and a 52 week high of $19.80.
Retail Opportunity Investments (NASDAQ:ROIC) last posted its quarterly earnings data on Tuesday, February 19th. The real estate investment trust reported $0.29 EPS for the quarter, hitting the consensus estimate of $0.29. The firm had revenue of $75.20 million during the quarter, compared to analyst estimates of $74.43 million. Retail Opportunity Investments had a net margin of 14.45% and a return on equity of 3.24%. Retail Opportunity Investments’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.30 EPS. Research analysts forecast that Retail Opportunity Investments Corp will post 1.18 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, March 14th will be paid a dividend of $0.197 per share. This represents a $0.79 annualized dividend and a dividend yield of 4.57%. The ex-dividend date is Wednesday, March 13th. This is a positive change from Retail Opportunity Investments’s previous quarterly dividend of $0.20. Retail Opportunity Investments’s payout ratio is 68.42%.
Several research firms have recently commented on ROIC. BidaskClub lowered shares of Retail Opportunity Investments from a “hold” rating to a “sell” rating in a report on Wednesday. BMO Capital Markets restated a “hold” rating and issued a $18.00 price target on shares of Retail Opportunity Investments in a report on Tuesday. Finally, Zacks Investment Research lowered shares of Retail Opportunity Investments from a “hold” rating to a “sell” rating in a report on Friday, December 28th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $18.42.
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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 September 30, 2018, ROIC owned 91 shopping centers encompassing approximately 10.5 million square feet.
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