Kayne Anderson Rudnick Investment Management LLC Has $2.26 Million Holdings in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Kayne Anderson Rudnick Investment Management LLC lowered its stake in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 1.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 117,974 shares of the real estate investment trust’s stock after selling 1,292 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned approximately 0.11% of Retail Opportunity Investments Corp. worth $2,264,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in ROIC. Tyers Asset Management LLC lifted its holdings in shares of Retail Opportunity Investments Corp. by 0.4% in the first quarter. Tyers Asset Management LLC now owns 5,808 shares of the real estate investment trust’s stock valued at $122,000 after buying an additional 22 shares during the period. Flinton Capital Management LLC lifted its holdings in shares of Retail Opportunity Investments Corp. by 0.4% in the first quarter. Flinton Capital Management LLC now owns 7,392 shares of the real estate investment trust’s stock valued at $155,000 after buying an additional 28 shares during the period. Daiwa Securities Group Inc. lifted its holdings in shares of Retail Opportunity Investments Corp. by 31.3% in the first quarter. Daiwa Securities Group Inc. now owns 8,400 shares of the real estate investment trust’s stock valued at $177,000 after buying an additional 2,000 shares during the period. Neuburgh Advisers LLC lifted its holdings in shares of Retail Opportunity Investments Corp. by 0.4% in the first quarter. Neuburgh Advisers LLC now owns 8,976 shares of the real estate investment trust’s stock valued at $189,000 after buying an additional 34 shares during the period. Finally, Ameritas Investment Partners Inc. acquired a new stake in shares of Retail Opportunity Investments Corp. in the first quarter valued at $195,000. Institutional investors and hedge funds own 94.92% of the company’s stock.

ROIC has been the topic of a number of recent analyst reports. BidaskClub raised Retail Opportunity Investments Corp. from a “sell” rating to a “hold” rating in a research report on Sunday, July 16th. Zacks Investment Research lowered Retail Opportunity Investments Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th. Citigroup Inc. reaffirmed a “neutral” rating and set a $21.00 target price (down from $22.00) on shares of Retail Opportunity Investments Corp. in a research report on Tuesday, June 6th. Robert W. Baird reaffirmed a “buy” rating and set a $22.00 target price on shares of Retail Opportunity Investments Corp. in a research report on Thursday, August 24th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $23.00 target price on shares of Retail Opportunity Investments Corp. in a research report on Thursday, July 27th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $22.14.

ILLEGAL ACTIVITY WARNING: This news story was first reported by BBNS and is the sole property of of BBNS. If you are accessing this news story on another domain, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this news story can be accessed at https://baseballnewssource.com/markets/kayne-anderson-rudnick-investment-management-llc-has-2-26-million-position-in-retail-opportunity-investments-corp-roic/1600328.html.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) opened at 18.98 on Friday. Retail Opportunity Investments Corp. has a 12 month low of $18.45 and a 12 month high of $22.63.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last released its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.01). Retail Opportunity Investments Corp. had a return on equity of 2.71% and a net margin of 13.92%. The company had revenue of $66.64 million for the quarter, compared to the consensus estimate of $66.18 million. During the same period last year, the company earned $0.27 EPS. Retail Opportunity Investments Corp.’s revenue for the quarter was up 13.6% compared to the same quarter last year. On average, equities research analysts forecast that Retail Opportunity Investments Corp. will post $0.35 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, September 14th will be issued a $0.188 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date is Wednesday, September 13th. This is a positive change from Retail Opportunity Investments Corp.’s previous quarterly dividend of $0.19. Retail Opportunity Investments Corp.’s dividend payout ratio is currently 227.28%.

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.

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

Receive News & Ratings for Retail Opportunity Investments Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Retail Opportunity Investments Corp. and related companies with our FREE daily email newsletter.

 


Latest News

American League Once Again Dominates National League
American League Once Again Dominates National League
Los Angeles Dodgers Waiting But Magic Number Down to One
Los Angeles Dodgers Waiting But Magic Number Down to One
Young Girl Hit by Foul Ball Rushed to Hospital
Young Girl Hit by Foul Ball Rushed to Hospital
New Home Run Record Reached in Major League Baseball
New Home Run Record Reached in Major League Baseball
Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?
Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22


Leave a Reply

 
© 2006-2017 BBNS.