Teachers Insurance & Annuity Association of America Trims Position in Retail Opportunity Investments Corp. (ROIC)

Teachers Insurance & Annuity Association of America lessened its stake in Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 4.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 107,617 shares of the real estate investment trust’s stock after selling 4,563 shares during the period. Teachers Insurance & Annuity Association of America owned about 0.10% of Retail Opportunity Investments Corp. worth $2,065,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ROIC. BlackRock Inc. grew its position in shares of Retail Opportunity Investments Corp. by 8,069.6% in the 1st quarter. BlackRock Inc. now owns 16,967,429 shares of the real estate investment trust’s stock valued at $356,825,000 after buying an additional 16,759,738 shares during the last quarter. Deprince Race & Zollo Inc. bought a new stake in shares of Retail Opportunity Investments Corp. in the 2nd quarter valued at about $32,598,000. Thompson Siegel & Walmsley LLC grew its position in shares of Retail Opportunity Investments Corp. by 49.2% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 2,277,673 shares of the real estate investment trust’s stock valued at $43,709,000 after buying an additional 750,851 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Retail Opportunity Investments Corp. by 206.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,023,235 shares of the real estate investment trust’s stock valued at $19,635,000 after buying an additional 688,874 shares during the last quarter. Finally, Schroder Investment Management Group grew its position in shares of Retail Opportunity Investments Corp. by 111.7% in the 1st quarter. Schroder Investment Management Group now owns 1,100,622 shares of the real estate investment trust’s stock valued at $22,948,000 after buying an additional 580,821 shares during the last quarter. Hedge funds and other institutional investors own 94.92% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This report was first reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this report on another publication, it was illegally copied and reposted in violation of United States and international copyright laws. The original version of this report can be viewed at https://www.chaffeybreeze.com/2017/09/20/teachers-insurance-annuity-association-of-america-trims-position-in-retail-opportunity-investments-corp-roic.html.

ROIC has been the topic of a number of analyst reports. Zacks Investment Research lowered Retail Opportunity Investments Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Robert W. Baird reiterated a “buy” rating and issued a $22.00 price target on shares of Retail Opportunity Investments Corp. in a research report on Thursday, August 24th. Royal Bank Of Canada upgraded Retail Opportunity Investments Corp. from a “sector perform” rating to an “outperform” rating and set a $23.00 price target on the stock in a research report on Thursday, August 17th. KeyCorp reiterated a “hold” rating on shares of Retail Opportunity Investments Corp. in a research report on Friday, August 25th. Finally, Citigroup Inc. reiterated a “neutral” rating and issued a $19.00 price target (down previously from $21.00) on shares of Retail Opportunity Investments Corp. in a research report on Monday, July 10th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $22.14.

Shares of Retail Opportunity Investments Corp. (ROIC) opened at 19.40 on Wednesday. Retail Opportunity Investments Corp. has a 12 month low of $18.45 and a 12 month high of $22.63. The company has a market cap of $2.13 billion, a price-to-earnings ratio of 60.06 and a beta of 0.69. The company’s 50 day moving average price is $20.04 and its 200 day moving average price is $20.26.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last posted its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.01). The business had revenue of $66.64 million during the quarter, compared to the consensus estimate of $66.18 million. Retail Opportunity Investments Corp. had a return on equity of 2.71% and a net margin of 13.92%. The firm’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.27 earnings per share. On average, equities analysts expect that Retail Opportunity Investments Corp. will post $0.33 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, September 14th will be paid a $0.188 dividend. The ex-dividend date of this dividend is Wednesday, September 13th. This is a boost from Retail Opportunity Investments Corp.’s previous quarterly dividend of $0.19. This represents a $0.75 annualized dividend and a dividend yield of 3.89%. Retail Opportunity Investments Corp.’s dividend payout ratio (DPR) is presently 227.28%.

About Retail Opportunity Investments Corp.

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.

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 Corp. (NASDAQ:ROIC)

Receive News & Ratings for Retail Opportunity Investments Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Retail Opportunity Investments Corp. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply