Retail Opportunity Investments Corp (NASDAQ:ROIC) was the target of a significant increase in short interest in October. As of October 31st, there was short interest totalling 6,570,000 shares, an increase of 21.4% from the September 30th total of 5,410,000 shares. Currently, 5.8% of the shares of the stock are sold short. Based on an average daily volume of 1,050,000 shares, the short-interest ratio is presently 6.3 days.

In other Retail Opportunity Investments news, Director Laura H. Pomerantz sold 13,275 shares of Retail Opportunity Investments stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $18.66, for a total transaction of $247,711.50. Following the completion of the sale, the director now owns 47,897 shares of the company’s stock, valued at approximately $893,758.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Richard A. Baker sold 50,000 shares of Retail Opportunity Investments stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $18.66, for a total transaction of $933,000.00. Following the sale, the chairman now directly owns 273,026 shares of the company’s stock, valued at approximately $5,094,665.16. The disclosure for this sale can be found here. In the last three months, insiders sold 69,275 shares of company stock valued at $1,289,192. 2.50% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Centersquare Investment Management LLC increased its stake in shares of Retail Opportunity Investments by 118.5% during the 2nd quarter. Centersquare Investment Management LLC now owns 2,478,300 shares of the real estate investment trust’s stock worth $42,453,000 after purchasing an additional 1,344,029 shares during the last quarter. Jennison Associates LLC increased its stake in shares of Retail Opportunity Investments by 12.2% during the 2nd quarter. Jennison Associates LLC now owns 2,157,598 shares of the real estate investment trust’s stock worth $36,960,000 after purchasing an additional 235,011 shares during the last quarter. Northern Trust Corp increased its stake in shares of Retail Opportunity Investments by 2.8% during the 2nd quarter. Northern Trust Corp now owns 2,108,834 shares of the real estate investment trust’s stock worth $36,125,000 after purchasing an additional 56,820 shares during the last quarter. Capital Growth Management LP increased its stake in shares of Retail Opportunity Investments by 125.7% during the 2nd quarter. Capital Growth Management LP now owns 2,065,000 shares of the real estate investment trust’s stock worth $35,373,000 after purchasing an additional 1,150,000 shares during the last quarter. Finally, Morgan Stanley increased its stake in shares of Retail Opportunity Investments by 208.5% during the 2nd quarter. Morgan Stanley now owns 2,045,992 shares of the real estate investment trust’s stock worth $35,046,000 after purchasing an additional 1,382,694 shares during the last quarter. Institutional investors own 94.59% of the company’s stock.

A number of analysts have commented on ROIC shares. BMO Capital Markets set a $18.00 target price on shares of Retail Opportunity Investments and gave the stock a “hold” rating in a report on Wednesday, July 24th. BidaskClub lowered shares of Retail Opportunity Investments from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Zacks Investment Research raised shares of Retail Opportunity Investments from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Capital One Financial raised shares of Retail Opportunity Investments from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $19.00 to $21.00 in a report on Wednesday, October 23rd. Finally, DA Davidson reaffirmed a “buy” rating on shares of Retail Opportunity Investments in a report on Monday, July 29th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Retail Opportunity Investments has a consensus rating of “Hold” and a consensus target price of $19.50.

Shares of ROIC stock traded up $0.20 on Friday, hitting $18.32. The stock had a trading volume of 1,771,300 shares, compared to its average volume of 964,557. The company has a fifty day moving average price of $18.42 and a two-hundred day moving average price of $17.83. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 1.10. Retail Opportunity Investments has a twelve month low of $15.44 and a twelve month high of $19.18. The firm has a market cap of $2.08 billion, a P/E ratio of 16.07, a PEG ratio of 5.23 and a beta of 0.69.

Retail Opportunity Investments (NASDAQ:ROIC) last released its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.12). The firm had revenue of $72.44 million for the quarter, compared to analyst estimates of $73.90 million. Retail Opportunity Investments had a return on equity of 3.81% and a net margin of 16.59%. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.28 earnings per share. On average, analysts expect that Retail Opportunity Investments will post 1.1 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be paid a dividend of $0.197 per share. The ex-dividend date is Friday, December 13th. This represents a $0.79 annualized dividend and a dividend yield of 4.30%. Retail Opportunity Investments’s dividend payout ratio is presently 69.30%.

About Retail Opportunity Investments

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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