New York State Common Retirement Fund Sells 15,000 Shares of Retail Opportunity Investments Corp (ROIC)

New York State Common Retirement Fund lessened its position in Retail Opportunity Investments Corp (NASDAQ:ROIC) by 8.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 166,313 shares of the real estate investment trust’s stock after selling 15,000 shares during the quarter. New York State Common Retirement Fund owned approximately 0.15% of Retail Opportunity Investments worth $2,641,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. raised its position in Retail Opportunity Investments by 0.6% in the 3rd quarter. BlackRock Inc. now owns 19,325,680 shares of the real estate investment trust’s stock valued at $360,810,000 after buying an additional 118,263 shares during the last quarter. Vanguard Group Inc raised its position in Retail Opportunity Investments by 1.2% in the 3rd quarter. Vanguard Group Inc now owns 16,527,485 shares of the real estate investment trust’s stock valued at $308,568,000 after buying an additional 192,287 shares during the last quarter. Vanguard Group Inc. raised its position in Retail Opportunity Investments by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 16,527,485 shares of the real estate investment trust’s stock valued at $308,568,000 after buying an additional 192,287 shares during the last quarter. Federated Investors Inc. PA acquired a new stake in Retail Opportunity Investments in the 3rd quarter valued at approximately $47,532,000. Finally, Jennison Associates LLC raised its position in Retail Opportunity Investments by 0.9% in the 4th quarter. Jennison Associates LLC now owns 1,951,190 shares of the real estate investment trust’s stock valued at $30,985,000 after buying an additional 18,238 shares during the last quarter. 93.04% of the stock is currently owned by institutional investors and hedge funds.

ROIC stock opened at $16.82 on Thursday. The company has a quick ratio of 3.51, a current ratio of 3.51 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of 14.75, a P/E/G ratio of 3.51 and a beta of 0.72. Retail Opportunity Investments Corp has a twelve month low of $15.44 and a twelve month high of $19.80.

Retail Opportunity Investments (NASDAQ:ROIC) last posted its quarterly earnings results on Tuesday, February 19th. The real estate investment trust reported $0.29 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.29. The firm had revenue of $75.20 million during the quarter, compared to the consensus estimate of $74.43 million. Retail Opportunity Investments had a return on equity of 3.25% and a net margin of 14.45%. The business’s revenue was up 3.3% compared to the same quarter last year. During the same period last year, the company earned $0.30 earnings per share. On average, research analysts predict that Retail Opportunity Investments Corp will post 1.15 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th will be paid a $0.197 dividend. This represents a $0.79 dividend on an annualized basis and a yield of 4.68%. This is an increase from Retail Opportunity Investments’s previous quarterly dividend of $0.20. The ex-dividend date is Wednesday, March 13th. Retail Opportunity Investments’s dividend payout ratio (DPR) is currently 69.30%.

A number of brokerages recently issued reports on ROIC. Zacks Investment Research raised Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research report on Wednesday, November 21st. BidaskClub lowered Retail Opportunity Investments from a “hold” rating to a “sell” rating in a research report on Wednesday, February 20th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $18.00 target price on shares of Retail Opportunity Investments in a research report on Tuesday, February 19th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $18.25.

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Retail Opportunity Investments Company Profile

Retail Opportunity Investments Corp. (NASDAQ: ROIC), is a fully-integrated, self-managed real estate investment trust (REIT) that specializes in the acquisition, ownership and management of grocery-anchored shopping centers located in densely-populated, metropolitan markets across the West Coast. As of December 31, 2018, ROIC owned 91 shopping centers encompassing approximately 10.5 million square feet.

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

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