Quadrant Capital Group LLC increased its stake in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC – Get Rating) by 132.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,572 shares of the real estate investment trust’s stock after acquiring an additional 4,313 shares during the quarter. Quadrant Capital Group LLC’s holdings in Retail Opportunity Investments were worth $114,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also bought and sold shares of the business. Pendal Group Ltd boosted its holdings in Retail Opportunity Investments by 2.3% in the fourth quarter. Pendal Group Ltd now owns 66,383 shares of the real estate investment trust’s stock worth $998,000 after acquiring an additional 1,490 shares in the last quarter. Tudor Investment Corp Et Al purchased a new stake in shares of Retail Opportunity Investments in the third quarter worth approximately $1,463,000. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Retail Opportunity Investments by 2.3% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,342,472 shares of the real estate investment trust’s stock worth $20,177,000 after buying an additional 30,719 shares during the period. Cubist Systematic Strategies LLC increased its holdings in Retail Opportunity Investments by 174.5% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 278,347 shares of the real estate investment trust’s stock worth $3,830,000 after purchasing an additional 176,935 shares during the period. Finally, Echo Street Capital Management LLC increased its holdings in Retail Opportunity Investments by 13.1% during the 3rd quarter. Echo Street Capital Management LLC now owns 13,297 shares of the real estate investment trust’s stock worth $183,000 after purchasing an additional 1,536 shares during the period. Hedge funds and other institutional investors own 95.51% of the company’s stock.
Retail Opportunity Investments Price Performance
NASDAQ:ROIC opened at $12.66 on Friday. The firm has a market cap of $1.60 billion, a P/E ratio of 33.32, a price-to-earnings-growth ratio of 3.18 and a beta of 1.37. The stock has a 50 day moving average of $12.87 and a two-hundred day moving average of $14.13. Retail Opportunity Investments Corp. has a 12 month low of $11.97 and a 12 month high of $18.78. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.00.
Retail Opportunity Investments Dividend Announcement
Analyst Ratings Changes
Several analysts have issued reports on the company. StockNews.com initiated coverage on Retail Opportunity Investments in a research report on Thursday, May 18th. They set a “sell” rating on the stock. Wells Fargo & Company began coverage on Retail Opportunity Investments in a research note on Tuesday, May 23rd. They set an “overweight” rating and a $14.00 price objective for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $15.33.
Insider Activity at Retail Opportunity Investments
In other news, Director Laura H. Pomerantz sold 10,800 shares of Retail Opportunity Investments stock in a transaction on Tuesday, March 7th. The stock was sold at an average price of $13.78, for a total value of $148,824.00. Following the completion of the sale, the director now directly owns 55,557 shares of the company’s stock, valued at $765,575.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 3.00% of the stock is currently owned by insiders.
Retail Opportunity Investments Profile
Retail Opportunity Investments Corp. engages in the ownership, management, and redevelopment of retail real estate properties. It also operates business in supermarkets and drugstores. The company was founded on July 10, 2007 and is headquartered in San Diego, CA.
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