Vision Capital Corp Raises Stake in Retail Opportunity Investments Corp (ROIC)

Vision Capital Corp raised its holdings in shares of Retail Opportunity Investments Corp (NASDAQ:ROIC) by 14.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 785,786 shares of the real estate investment trust’s stock after buying an additional 98,703 shares during the quarter. Retail Opportunity Investments comprises 10.6% of Vision Capital Corp’s investment portfolio, making the stock its 6th largest holding. Vision Capital Corp’s holdings in Retail Opportunity Investments were worth $13,626,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Lindbrook Capital LLC bought a new stake in Retail Opportunity Investments in the fourth quarter valued at $27,000. First Hawaiian Bank bought a new stake in Retail Opportunity Investments in the first quarter valued at $32,000. Oregon Public Employees Retirement Fund bought a new stake in shares of Retail Opportunity Investments during the fourth quarter worth $43,000. PNC Financial Services Group Inc. grew its holdings in shares of Retail Opportunity Investments by 23.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,197 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 603 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in shares of Retail Opportunity Investments by 1,542.1% during the first quarter. Quadrant Capital Group LLC now owns 3,005 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 2,822 shares during the last quarter. Institutional investors own 94.26% of the company’s stock.

Several analysts have recently commented on ROIC shares. BMO Capital Markets restated a “hold” rating and set a $18.00 target price on shares of Retail Opportunity Investments in a report on Tuesday, February 19th. BidaskClub upgraded Retail Opportunity Investments from a “strong sell” rating to a “sell” rating in a report on Thursday, April 25th. Finally, Zacks Investment Research cut Retail Opportunity Investments from a “hold” rating to a “sell” rating in a report on Thursday, March 7th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $18.00.

Retail Opportunity Investments stock traded down $0.02 during mid-day trading on Wednesday, hitting $17.57. The stock had a trading volume of 12,865 shares, compared to its average volume of 771,601. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of 15.41, a P/E/G ratio of 3.67 and a beta of 0.72. Retail Opportunity Investments Corp has a 12 month low of $15.44 and a 12 month high of $19.80. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 1.14.

Retail Opportunity Investments (NASDAQ:ROIC) last posted its quarterly earnings results on Wednesday, April 24th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.29. The business had revenue of $76.05 million for the quarter, compared to analysts’ expectations of $75.31 million. Retail Opportunity Investments had a return on equity of 3.46% and a net margin of 15.22%. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.30 earnings per share. As a group, sell-side analysts expect that Retail Opportunity Investments Corp will post 1.14 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, June 13th will be issued a $0.197 dividend. This represents a $0.79 annualized dividend and a yield of 4.48%. The ex-dividend date of this dividend is Wednesday, June 12th. Retail Opportunity Investments’s dividend payout ratio is 69.30%.

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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 March 31, 2019, ROIC owned 90 shopping centers encompassing approximately 10.3 million square feet.

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

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