Retail Opportunity Investments Corp (NASDAQ:ROIC) was the target of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 8,134,367 shares, an increase of 30.5% from the February 28th total of 6,231,502 shares. Based on an average daily volume of 981,436 shares, the days-to-cover ratio is presently 8.3 days. Currently, 7.6% of the company’s stock are short sold.
Shares of Retail Opportunity Investments Corp (NASDAQ:ROIC) traded down 0.91% on Friday, reaching $21.80. 573,452 shares of the company were exchanged. Retail Opportunity Investments Corp has a 52 week low of $18.45 and a 52 week high of $23.05. The firm’s 50 day moving average price is $21.12 and its 200 day moving average price is $20.84. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 69.87 and a beta of 0.58.
Retail Opportunity Investments Corp (NASDAQ:ROIC) last posted its quarterly earnings data on Wednesday, February 22nd. The real estate investment trust reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.19. Retail Opportunity Investments Corp had a net margin of 13.33% and a return on equity of 2.49%. The firm had revenue of $63.10 million for the quarter, compared to analyst estimates of $60.65 million. During the same period last year, the firm posted $0.25 EPS. Retail Opportunity Investments Corp’s quarterly revenue was up 23.0% on a year-over-year basis. Equities research analysts anticipate that Retail Opportunity Investments Corp will post $0.38 EPS for the current year.
In other Retail Opportunity Investments Corp news, Director Charles J. Persico sold 5,000 shares of the company’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $22.25, for a total value of $111,250.00. Following the sale, 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 through the SEC website. 2.30% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the stock. Private Advisor Group LLC boosted its stake in Retail Opportunity Investments Corp by 0.7% in the fourth quarter. Private Advisor Group LLC now owns 69,116 shares of the real estate investment trust’s stock worth $1,426,000 after buying an additional 465 shares during the period. Rhumbline Advisers boosted its stake in Retail Opportunity Investments Corp by 9.2% in the third quarter. Rhumbline Advisers now owns 149,004 shares of the real estate investment trust’s stock worth $3,272,000 after buying an additional 12,494 shares during the period. DIAM Co. Ltd. boosted its stake in Retail Opportunity Investments Corp by 3.4% in the third quarter. DIAM Co. Ltd. now owns 782,976 shares of the real estate investment trust’s stock worth $17,327,000 after buying an additional 26,091 shares during the period. BlackRock Group LTD boosted its stake in Retail Opportunity Investments Corp by 10.5% in the third quarter. BlackRock Group LTD now owns 842,090 shares of the real estate investment trust’s stock worth $18,491,000 after buying an additional 79,796 shares during the period. Finally, BlackRock Fund Advisors boosted its stake in Retail Opportunity Investments Corp by 16.7% in the third quarter. BlackRock Fund Advisors now owns 7,421,994 shares of the real estate investment trust’s stock worth $162,987,000 after buying an additional 1,060,970 shares during the period. Hedge funds and other institutional investors own 92.03% of the company’s stock.
A number of research firms have recently commented on ROIC. FBR & Co reiterated a “hold” rating and set a $23.00 price target (up previously from $22.00) on shares of Retail Opportunity Investments Corp in a report on Tuesday, February 28th. Zacks Investment Research upgraded shares of Retail Opportunity Investments Corp from a “sell” rating to a “hold” rating in a report on Thursday, March 2nd. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $22.50.
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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.
