Investors Purchase Large Volume of Put Options on Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Retail Opportunity Investments Corp. (NASDAQ:ROIC) was the target of some unusual options trading on Wednesday. Investors bought 1,362 put options on the stock. This is an increase of approximately Infinity compared to the average volume of 0 put options.

ROIC has been the topic of a number of recent analyst reports. KeyCorp reissued a “hold” rating on shares of Retail Opportunity Investments Corp. in a research note on Friday, August 25th. Royal Bank Of Canada upgraded Retail Opportunity Investments Corp. from a “sector perform” rating to an “outperform” rating and set a $23.00 price objective for the company in a report on Thursday, August 17th. Robert W. Baird reiterated a “buy” rating and issued a $22.00 price objective on shares of Retail Opportunity Investments Corp. in a report on Thursday, August 24th. Jefferies Group LLC reiterated a “buy” rating and issued a $25.00 price objective on shares of Retail Opportunity Investments Corp. in a report on Tuesday, July 25th. Finally, Zacks Investment Research downgraded Retail Opportunity Investments Corp. from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Retail Opportunity Investments Corp. currently has an average rating of “Hold” and an average target price of $22.00.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. lifted its holdings in Retail Opportunity Investments Corp. by 2.0% during the 2nd quarter. BlackRock Inc. now owns 17,311,892 shares of the real estate investment trust’s stock worth $332,216,000 after buying an additional 344,463 shares during the period. State Street Corp raised its position in shares of Retail Opportunity Investments Corp. by 2.5% in the 2nd quarter. State Street Corp now owns 4,190,488 shares of the real estate investment trust’s stock worth $80,416,000 after acquiring an additional 100,593 shares in the last quarter. Thompson Siegel & Walmsley LLC raised its position in shares of Retail Opportunity Investments Corp. by 3.2% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 2,351,274 shares of the real estate investment trust’s stock worth $44,698,000 after acquiring an additional 73,601 shares in the last quarter. Hermes Investment Management Ltd. raised its position in shares of Retail Opportunity Investments Corp. by 7.3% in the 3rd quarter. Hermes Investment Management Ltd. now owns 2,006,000 shares of the real estate investment trust’s stock worth $38,134,000 after acquiring an additional 135,866 shares in the last quarter. Finally, Deprince Race & Zollo Inc. raised its position in shares of Retail Opportunity Investments Corp. by 11.9% in the 3rd quarter. Deprince Race & Zollo Inc. now owns 1,901,346 shares of the real estate investment trust’s stock worth $36,145,000 after acquiring an additional 202,635 shares in the last quarter. 95.42% of the stock is currently owned by hedge funds and other institutional investors.

Retail Opportunity Investments Corp. (NASDAQ ROIC) opened at $19.01 on Monday. Retail Opportunity Investments Corp. has a 52 week low of $17.87 and a 52 week high of $22.37. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.64 and a current ratio of 1.64. The company has a market capitalization of $2,085.97, a price-to-earnings ratio of 17.13, a price-to-earnings-growth ratio of 2.53 and a beta of 0.66.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last released its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.21). Retail Opportunity Investments Corp. had a net margin of 14.13% and a return on equity of 2.86%. The firm had revenue of $67.97 million for the quarter, compared to analyst estimates of $68.34 million. During the same period last year, the business earned $0.26 EPS. The company’s revenue was up 14.5% compared to the same quarter last year. equities analysts forecast that Retail Opportunity Investments Corp. will post 1.13 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, December 14th will be issued a dividend of $0.188 per share. This represents a $0.75 annualized dividend and a dividend yield of 3.96%. The ex-dividend date is Wednesday, December 13th. Retail Opportunity Investments Corp.’s dividend payout ratio (DPR) is 220.59%.

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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.

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