Menta Capital LLC Takes Position in Retail Opportunity Investments Corp. (ROIC)

Menta Capital LLC purchased a new position in Retail Opportunity Investments Corp. (NASDAQ:ROIC) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 37,900 shares of the real estate investment trust’s stock, valued at approximately $797,000.

Other institutional investors have also recently bought and sold shares of the company. Tyers Asset Management LLC acquired a new position in shares of Retail Opportunity Investments Corp. during the fourth quarter worth about $122,000. Flinton Capital Management LLC boosted its position in shares of Retail Opportunity Investments Corp. by 0.4% in the first quarter. Flinton Capital Management LLC now owns 7,392 shares of the real estate investment trust’s stock worth $155,000 after buying an additional 28 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Retail Opportunity Investments Corp. by 31.3% in the first quarter. Daiwa Securities Group Inc. now owns 8,400 shares of the real estate investment trust’s stock worth $177,000 after buying an additional 2,000 shares in the last quarter. Neuburgh Advisers LLC boosted its position in shares of Retail Opportunity Investments Corp. by 0.4% in the first quarter. Neuburgh Advisers LLC now owns 8,976 shares of the real estate investment trust’s stock worth $189,000 after buying an additional 34 shares in the last quarter. Finally, Ameritas Investment Partners Inc. acquired a new position in shares of Retail Opportunity Investments Corp. during the first quarter worth about $195,000. Institutional investors and hedge funds own 96.29% of the company’s stock.

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

Shares of Retail Opportunity Investments Corp. (ROIC) traded up 2.18% during trading on Friday, reaching $19.23. 498,097 shares of the company’s stock were exchanged. The company has a market capitalization of $2.11 billion, a PE ratio of 59.35 and a beta of 0.66. The company has a 50 day moving average price of $20.04 and a 200-day moving average price of $20.81. Retail Opportunity Investments Corp. has a 52-week low of $18.45 and a 52-week high of $23.05.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last issued its quarterly earnings data on Wednesday, April 26th. The real estate investment trust reported $0.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.01. The firm had revenue of $65.90 million for the quarter, compared to analysts’ expectations of $62.86 million. Retail Opportunity Investments Corp. had a net margin of 14.13% and a return on equity of 2.71%. The company’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.27 earnings per share. On average, equities analysts forecast that Retail Opportunity Investments Corp. will post $0.37 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 29th. Shareholders of record on Thursday, June 15th will be paid a dividend of $0.1875 per share. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a $0.75 annualized dividend and a yield of 3.99%. Retail Opportunity Investments Corp.’s dividend payout ratio is 174.42%.

TRADEMARK VIOLATION WARNING: This report was posted by Transcript Daily and is the property of of Transcript Daily. If you are reading this report on another site, it was copied illegally and republished in violation of United States & international copyright and trademark law. The original version of this report can be viewed at https://transcriptdaily.com/2017/06/23/menta-capital-llc-takes-position-in-retail-opportunity-investments-corp-roic.html.

A number of equities analysts have issued reports on the stock. Zacks Investment Research raised shares of Retail Opportunity Investments Corp. from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Thursday, April 27th. Jefferies Group LLC reissued a “buy” rating and issued a $26.00 target price on shares of Retail Opportunity Investments Corp. in a report on Wednesday, June 14th. Citigroup Inc. reissued a “neutral” rating and issued a $21.00 target price (down previously from $22.00) on shares of Retail Opportunity Investments Corp. in a report on Tuesday, June 6th. TheStreet cut shares of Retail Opportunity Investments Corp. from a “b” rating to a “c+” rating in a report on Friday, April 28th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $26.00 target price on shares of Retail Opportunity Investments Corp. in a report on Thursday, April 27th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $24.17.

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.

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.

Leave a Reply