Gluskin Sheff & Assoc Inc. Holds Position in Retail Opportunity Investments Corp (ROIC)

Gluskin Sheff & Assoc Inc. continued to hold its stake in Retail Opportunity Investments Corp (NASDAQ:ROIC) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,000 shares of the real estate investment trust’s stock at the end of the first quarter. Gluskin Sheff & Assoc Inc.’s holdings in Retail Opportunity Investments Corp were worth $591,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in ROIC. Private Advisor Group LLC increased its stake in Retail Opportunity Investments Corp by 4.0% in the first quarter. Private Advisor Group LLC now owns 71,861 shares of the real estate investment trust’s stock worth $1,498,000 after buying an additional 2,745 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Retail Opportunity Investments Corp by 26.4% in the first quarter. Envestnet Asset Management Inc. now owns 56,980 shares of the real estate investment trust’s stock worth $1,198,000 after buying an additional 11,902 shares during the last quarter. Mason Street Advisors LLC increased its stake in Retail Opportunity Investments Corp by 7.0% in the first quarter. Mason Street Advisors LLC now owns 25,558 shares of the real estate investment trust’s stock worth $537,000 after buying an additional 1,674 shares during the last quarter. Ameritas Investment Partners Inc. bought a new stake in Retail Opportunity Investments Corp during the first quarter worth about $195,000. Finally, Raymond James Financial Services Advisors Inc. increased its stake in Retail Opportunity Investments Corp by 7.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 71,080 shares of the real estate investment trust’s stock worth $1,495,000 after buying an additional 4,976 shares during 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)

Retail Opportunity Investments Corp (NASDAQ:ROIC) traded up 0.61% during midday trading on Friday, reaching $19.65. 1,596,334 shares of the company’s stock traded hands. The company’s 50-day moving average price is $20.84 and its 200 day moving average price is $20.79. Retail Opportunity Investments Corp has a 52 week low of $18.45 and a 52 week high of $23.05. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of 60.65 and a beta of 0.58.

Retail Opportunity Investments Corp (NASDAQ:ROIC) last announced its quarterly earnings results on Wednesday, April 26th. The real estate investment trust reported $0.28 EPS for the quarter, beating the consensus estimate of $0.27 by $0.01. Retail Opportunity Investments Corp had a return on equity of 2.49% and a net margin of 13.33%. The company had revenue of $65.90 million for the quarter, compared to the consensus estimate of $62.86 million. During the same quarter last year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was up 17.5% compared to the same quarter last year. On average, equities research analysts expect that Retail Opportunity Investments Corp will post $0.38 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 29th. Shareholders of record on Thursday, June 15th will be issued a dividend of $0.1875 per share. The ex-dividend date is Tuesday, June 13th. This represents a $0.75 annualized dividend and a yield of 3.84%. Retail Opportunity Investments Corp’s dividend payout ratio (DPR) is presently 180.00%.

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A number of equities research analysts recently issued reports on the stock. Jefferies Group LLC restated a “buy” rating and issued a $26.00 target price on shares of Retail Opportunity Investments Corp in a report on Friday, May 12th. TheStreet downgraded shares of Retail Opportunity Investments Corp from a “b” rating to a “c+” rating in a research note on Friday, April 28th. Zacks Investment Research downgraded shares of Retail Opportunity Investments Corp from a “buy” rating to a “hold” rating in a research note on Tuesday, May 2nd. Canaccord Genuity reiterated a “buy” rating and set a $26.00 price objective on shares of Retail Opportunity Investments Corp in a research note on Thursday, April 27th. Finally, FBR & Co reiterated a “hold” rating and set a $23.00 price objective (up from $22.00) on shares of Retail Opportunity Investments Corp in a research note on Tuesday, February 28th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Retail Opportunity Investments Corp has a consensus rating of “Hold” and an average target price of $23.64.

In other Retail Opportunity Investments Corp news, Director Charles J. Persico sold 5,000 shares of the 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 $441,951.75. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.30% of the company’s stock.

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.

12 Month Chart for NASDAQ:ROIC

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