Latest Stocks: New Mexico Educational Retirement Board Holds Stake in Retail Opportunity Investments Corp (ROIC)

Latest Stocks: New Mexico Educational Retirement Board Holds Stake in Retail Opportunity Investments Corp (ROIC)

New Mexico Educational Retirement Board held its position in Retail Opportunity Investments Corp (NASDAQ:ROIC) during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 15,200 shares of the real estate investment trust’s stock at the end of the first quarter. New Mexico Educational Retirement Board’s holdings in Retail Opportunity Investments Corp were worth $320,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in ROIC. State Street Corp increased its stake in shares of Retail Opportunity Investments Corp by 2.3% in the fourth quarter. State Street Corp now owns 3,877,682 shares of the real estate investment trust’s stock valued at $81,941,000 after buying an additional 88,886 shares during the last quarter. Hermes Investment Management Ltd. increased its stake in shares of Retail Opportunity Investments Corp by 1.8% in the first quarter. Hermes Investment Management Ltd. now owns 2,051,014 shares of the real estate investment trust’s stock valued at $43,133,000 after buying an additional 36,627 shares during the last quarter. Northern Trust Corp increased its stake in shares of Retail Opportunity Investments Corp by 9.7% in the third quarter. Northern Trust Corp now owns 1,736,818 shares of the real estate investment trust’s stock valued at $38,140,000 after buying an additional 154,139 shares during the last quarter. Thompson Siegel & Walmsley LLC increased its stake in shares of Retail Opportunity Investments Corp by 45.8% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 1,504,630 shares of the real estate investment trust’s stock valued at $31,793,000 after buying an additional 472,904 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Retail Opportunity Investments Corp by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,375,272 shares of the real estate investment trust’s stock valued at $29,059,000 after buying an additional 54,005 shares during the last quarter. 92.03% of the stock is currently owned by institutional investors and hedge funds.

Shares of Retail Opportunity Investments Corp (NASDAQ:ROIC) opened at 19.64 on Tuesday. Retail Opportunity Investments Corp has a 12-month low of $18.45 and a 12-month high of $23.05. The stock has a market capitalization of $2.16 billion, a P/E ratio of 60.62 and a beta of 0.58. The firm’s 50-day moving average price is $20.47 and its 200 day moving average price is $20.85.

Retail Opportunity Investments Corp (NASDAQ:ROIC) last issued its earnings results on Wednesday, April 26th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.01. Retail Opportunity Investments Corp had a return on equity of 2.49% and a net margin of 13.33%. The business had revenue of $65.90 million during the quarter, compared to analysts’ expectations of $62.86 million. During the same period in the prior year, the firm posted $0.27 EPS. Retail Opportunity Investments Corp’s quarterly revenue was up 17.5% compared to the same quarter last year. Analysts predict that Retail Opportunity Investments Corp will post $0.38 EPS for the current fiscal year. The business also recently announced a quarterly dividend, which will be paid on Thursday, June 29th. Stockholders of record on Thursday, June 15th will be issued a $0.1875 dividend. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.82%. Retail Opportunity Investments Corp’s payout ratio is presently 180.00%.

Retail Opportunity Investments Corp (NASDAQ:ROIC) last issued its earnings results on Wednesday, April 26th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.01. Retail Opportunity Investments Corp had a return on equity of 2.49% and a net margin of 13.33%. The business had revenue of $65.90 million during the quarter, compared to analysts’ expectations of $62.86 million. During the same period in the prior year, the firm posted $0.27 EPS. Retail Opportunity Investments Corp’s quarterly revenue was up 17.5% compared to the same quarter last year. Analysts predict that Retail Opportunity Investments Corp will post $0.38 EPS for the current fiscal year. ROIC has been the topic of several analyst reports. Canaccord Genuity reiterated a “buy” rating and set a $26.00 target price on shares of Retail Opportunity Investments Corp in a report on Thursday, April 27th. Zacks Investment Research upgraded Retail Opportunity Investments Corp from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Thursday, April 27th. Jefferies Group LLC reiterated a “buy” rating and set a $26.00 target price on shares of Retail Opportunity Investments Corp in a report on Friday, May 12th. TheStreet downgraded Retail Opportunity Investments Corp from a “b” rating to a “c+” rating in a report on Friday, April 28th. Finally, FBR & Co restated a “hold” rating and set a $23.00 price objective (up from $22.00) on shares of Retail Opportunity Investments Corp in a report on Tuesday, February 28th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Retail Opportunity Investments Corp has an average rating of “Hold” and an average target price of $23.64.

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