Retail Opportunity Investments Corp (ROIC) : Pensionfund Sabic reduced its stake in Retail Opportunity Investments Corp by 73.08% during the most recent quarter end. The investment management company now holds a total of 7,000 shares of Retail Opportunity Investments Corp which is valued at $137,970 after selling 19,000 shares in Retail Opportunity Investments Corp according to a report filed by the company on Apr 4, 2016 with the SEC.Retail Opportunity Investments Corp makes up approximately 0.04% of Pensionfund Sabic’s portfolio.
Other Hedge Funds, Including , Pensionfund Dsm Netherlands reduced its stake in ROIC by selling 52,000 shares or 74.82% in the most recent quarter. The Hedge Fund company now holds 17,500 shares of ROIC which is valued at $344,925. Retail Opportunity Investments Corp makes up approx 0.05% of Pensionfund Dsm Netherlands’s portfolio.
On the company’s financial health, Retail Opportunity Investments Corp reported $0.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 23, 2016. Analyst had a consensus of $0.24. The company had revenue of $51.30 million for the quarter, compared to analysts expectations of $49.99 million. The company’s revenue was up 23.0% compared to the same quarter last year.
Many Wall Street Analysts have commented on Retail Opportunity Investments Corp. DA Davidson Initiated Retail Opportunity Investments Corp on Apr 1, 2016 to “Buy”, Price Target of the shares are set at $23.FBR Capital Initiated Retail Opportunity Investments Corp on Mar 17, 2016 to “Mkt Perform”, Price Target of the shares are set at $20.Retail Opportunity Investments Corp was Initiated by CapitalOne to “Overweight” on Feb 22, 2016.
Retail Opportunity Investments Corp closed down -0.04 points or -0.20% at $19.71 with 4,32,033 shares getting traded on Monday. Post opening the session at $19.78, the shares hit an intraday low of $19.68 and an intraday high of $19.82 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
Retail Opportunity Investments Corp. (ROIC) is an integrated self-managed real estate investment trust (REIT). The Company is engaged in the ownership management and redevelopment of retail real estate properties. The Company also operates 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. The Company focuses on acquiring shopping centers located in densely populated supply-constrained metropolitan markets in the western regions of the United States. The Company also focuses on acquiring necessity-based community and neighborhood shopping centers anchored by national and regional supermarkets and drugstores. The Companys wholly-owned subsidiary Retail Opportunity Investments GP LLC is the general partner of the Operating Partnership.