Neuberger Berman Group LLC Sells 136,878 Shares of Retail Opportunity Investments Corp (ROIC)

Neuberger Berman Group LLC decreased its holdings in shares of Retail Opportunity Investments Corp (NASDAQ:ROIC) by 88.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,125 shares of the real estate investment trust’s stock after selling 136,878 shares during the period. Neuberger Berman Group LLC’s holdings in Retail Opportunity Investments were worth $326,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. increased its stake in Retail Opportunity Investments by 2.0% during the second quarter. BlackRock Inc. now owns 17,311,892 shares of the real estate investment trust’s stock valued at $332,216,000 after purchasing an additional 344,463 shares during the last quarter. State Street Corp increased its stake in Retail Opportunity Investments by 2.5% during the second quarter. State Street Corp now owns 4,190,488 shares of the real estate investment trust’s stock valued at $80,416,000 after purchasing an additional 100,593 shares during the last quarter. Thompson Siegel & Walmsley LLC increased its stake in Retail Opportunity Investments by 3.2% during the third quarter. Thompson Siegel & Walmsley LLC now owns 2,351,274 shares of the real estate investment trust’s stock valued at $44,698,000 after purchasing an additional 73,601 shares during the last quarter. Hermes Investment Management Ltd. increased its stake in Retail Opportunity Investments by 7.3% during the third quarter. Hermes Investment Management Ltd. now owns 2,006,000 shares of the real estate investment trust’s stock valued at $38,134,000 after purchasing an additional 135,866 shares during the last quarter. Finally, Deprince Race & Zollo Inc. increased its stake in Retail Opportunity Investments 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 purchasing an additional 202,635 shares during the last quarter. Hedge funds and other institutional investors own 97.38% of the company’s stock.

Several equities analysts have recently commented on the stock. Jefferies Group set a $20.00 price target on shares of Retail Opportunity Investments and gave the stock a “hold” rating in a research report on Tuesday, October 31st. Zacks Investment Research upgraded shares of Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Royal Bank of Canada restated a “buy” rating and set a $22.00 price target on shares of Retail Opportunity Investments in a research report on Monday, October 30th. Citigroup lowered their price target on shares of Retail Opportunity Investments from $20.50 to $20.00 and set a “neutral” rating for the company in a research report on Monday, October 30th. Finally, KeyCorp restated a “neutral” rating on shares of Retail Opportunity Investments in a research report on Tuesday, October 24th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Retail Opportunity Investments has an average rating of “Hold” and an average price target of $22.00.

Retail Opportunity Investments Corp (NASDAQ ROIC) opened at $19.45 on Friday. The company has a market cap of $2,130.00, a PE ratio of 62.74, a PEG ratio of 2.44 and a beta of 0.68. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.06. Retail Opportunity Investments Corp has a 12-month low of $17.87 and a 12-month high of $22.37.

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

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Thursday, December 14th were issued a $0.188 dividend. This represents a $0.75 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend was Wednesday, December 13th. Retail Opportunity Investments’s payout ratio is currently 241.94%.

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About Retail Opportunity Investments

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 (NASDAQ:ROIC)

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