|Day Low/High||17.11 / 17.32|
|52 Wk Low/High||15.44 / 19.80|
The venerable real estate investment trust has made some bad bets in the past. Getting out of suburban shopping centers might be a good plan, if it comes to pass.
In trading on Tuesday, shares of Retail Opportunity Investments Corp crossed below their 200 day moving average of $14.20, changing hands as low as $13.85 per share. Retail Opportunity Investments Corp shares are currently trading up about 1.2% on the day.
Company Increases Dividend 6.7% & Establishes 2014 FFO Guidance
In trading on Friday, shares of Retail Opportunity Investments Corp crossed above their 200 day moving average of $14.23, changing hands as high as $14.41 per share. Retail Opportunity Investments Corp shares are currently trading up about 1.9% on the day.
$250 Million 5.00% Senior Unsecured Notes Due 2023
$186.2 MM of Acquisitions in 3Q'13, $368 MM Year-to-Date, Including Remaining 51% Interest in Crossroads Shopping Center
Facility Increased to $350MM, Maturity Extended to 2017 & Borrowing Spread Lowered to 110bps
Investors in Retail Opportunity Investments Corp saw new options become available this week, for the April 2014 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 241 days until expiration the newly available contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration.
'Brick and mortar' stores are far from dead, and that's good news for retail REITs.
The most recent short interest data has been released by the NASDAQ for the 06/14/2013 settlement date, which shows a 2,950,735 share decrease in total short interest for Retail Opportunity Investments Corp , to 1,712,264, a decrease of 63.28% since 05/31/2013. Total short interest is just one way to look at short data; another metric that we here at Dividend Channel find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares traded.
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. Retail Opportunity Investments Corp presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.
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Retail Opportunity Investments shares have rallied since late last year. Expect them to continue to rise.
Excel's "smile states" investment model has a broad base of retail tenants.
ROIC's differentiated model focuses on acquiring properties from distressed or under-capitalized shopping center owners.
Retail Opportunity Investment CEO Stuart Tanz explains the strategy that gives this REIT the potential to be a top performer in 2013, according to TheStreet's Brad Thomas.
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