Friedberg Investment Management Lowers stake in Retail Opportunity Investments Corp (ROIC)

Retail Opportunity Investments Corp (ROIC) : Friedberg Investment Management reduced its stake in Retail Opportunity Investments Corp by 1.8% during the most recent quarter end. The investment management company now holds a total of 201,890 shares of Retail Opportunity Investments Corp which is valued at $4,435,523 after selling 3,700 shares in Retail Opportunity Investments Corp , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Retail Opportunity Investments Corp makes up approximately 2.05% of Friedberg Investment Management’s portfolio.

Other Hedge Funds, Including , Advantus Capital Management Inc boosted its stake in ROIC in the latest quarter, The investment management firm added 36,900 additional shares and now holds a total of 123,900 shares of Retail Opportunity Investments Corp which is valued at $2,722,083. Retail Opportunity Investments Corp makes up approx 0.08% of Advantus Capital Management Inc’s portfolio.Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in ROIC in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 16,357 shares of Retail Opportunity Investments Corp which is valued at $367,378. Retail Opportunity Investments Corp makes up approx 0.01% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio. James Investment Research Inc added ROIC to its portfolio by purchasing 106 company shares during the most recent quarter which is valued at $2,388.

Retail Opportunity Investments Corp closed down -0.13 points or -0.59% at $21.76 with 13,03,282 shares getting traded on Friday. Post opening the session at $21.97, the shares hit an intraday low of $21.71 and an intraday high of $22.1 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Retail Opportunity Investments Corp reported $0.27 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.26. The company had revenue of $58.70 million for the quarter, compared to analysts expectations of $57.61 million. The company’s revenue was up 27.1% compared to the same quarter last year.

Many Wall Street Analysts have commented on Retail Opportunity Investments Corp. Company shares were Reiterated by Canaccord Genuity on Aug 16, 2016 to “Buy”, Firm has raised the Price Target to $ 26 from a previous price target of $25 .Company shares were Reiterated by FBR Capital on Aug 1, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 22 from a previous price target of $20 .RBC Capital Mkts Initiated Retail Opportunity Investments Corp on Jun 14, 2016 to “Sector Perform”, Price Target of the shares are set at $20.

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 Company’s wholly-owned subsidiary Retail Opportunity Investments GP LLC is the general partner of the Operating Partnership.

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