Kayne Anderson Rudnick Investment Management LLC Acquires 15,094 Shares of Retail Opportunity Investments Corp. (ROIC)

Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 12.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,068 shares of the real estate investment trust’s stock after buying an additional 15,094 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned about 0.12% of Retail Opportunity Investments Corp. worth $2,530,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Russell Investments Group Ltd. boosted its stake in Retail Opportunity Investments Corp. by 29.9% during the third quarter. Russell Investments Group Ltd. now owns 1,329,350 shares of the real estate investment trust’s stock worth $25,271,000 after buying an additional 306,115 shares in the last quarter. Deprince Race & Zollo Inc. lifted its holdings in shares of Retail Opportunity Investments Corp. by 11.9% during the third quarter. Deprince Race & Zollo Inc. now owns 1,901,346 shares of the real estate investment trust’s stock valued at $36,145,000 after acquiring an additional 202,635 shares during the period. Comerica Bank lifted its holdings in shares of Retail Opportunity Investments Corp. by 7.5% during the third quarter. Comerica Bank now owns 309,033 shares of the real estate investment trust’s stock valued at $5,627,000 after acquiring an additional 21,598 shares during the period. Municipal Employees Retirement System of Michigan lifted its holdings in shares of Retail Opportunity Investments Corp. by 58.8% during the third quarter. Municipal Employees Retirement System of Michigan now owns 41,170 shares of the real estate investment trust’s stock valued at $783,000 after acquiring an additional 15,240 shares during the period. Finally, BNP Paribas Arbitrage SA lifted its holdings in shares of Retail Opportunity Investments Corp. by 31.6% during the third quarter. BNP Paribas Arbitrage SA now owns 93,256 shares of the real estate investment trust’s stock valued at $1,773,000 after acquiring an additional 22,392 shares during the period. Hedge funds and other institutional investors own 95.42% of the company’s stock.

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A number of research analysts have issued reports on ROIC shares. KeyCorp reissued a “hold” rating on shares of Retail Opportunity Investments Corp. in a report on Friday, August 25th. Royal Bank Of Canada raised Retail Opportunity Investments Corp. from a “sector perform” rating to an “outperform” rating and set a $23.00 price objective for the company in a report on Thursday, August 17th. Robert W. Baird reissued a “buy” rating and set a $22.00 price objective on shares of Retail Opportunity Investments Corp. in a report on Thursday, August 24th. Jefferies Group LLC reissued a “buy” rating and set a $25.00 price objective on shares of Retail Opportunity Investments Corp. in a report on Tuesday, July 25th. Finally, Zacks Investment Research raised Retail Opportunity Investments Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $22.00.

Retail Opportunity Investments Corp. (NASDAQ ROIC) opened at $19.55 on Friday. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.06. Retail Opportunity Investments Corp. has a twelve month low of $17.87 and a twelve month high of $22.37. The stock has a market capitalization of $2,145.22, a PE ratio of 17.61, a P/E/G ratio of 2.54 and a beta of 0.66.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last released its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.21). Retail Opportunity Investments Corp. had a net margin of 14.13% and a return on equity of 2.86%. The business had revenue of $67.97 million during the quarter, compared to the consensus estimate of $68.34 million. During the same period in the prior year, the firm earned $0.26 earnings per share. The business’s quarterly revenue was up 14.5% compared to the same quarter last year. research analysts predict that Retail Opportunity Investments Corp. will post 1.13 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, December 14th will be issued a $0.188 dividend. The ex-dividend date is Wednesday, December 13th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.85%. Retail Opportunity Investments Corp.’s dividend payout ratio is 220.59%.

Retail Opportunity Investments Corp. 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.

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

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