The CEO of Retail Opportunity Investments is Exercising Options

By Carrie Williams

Yesterday it was reported that the CEO of Retail Opportunity Investments (ROICResearch Report), Stuart Tanz, exercised options to buy 50,000 ROIC shares at $10.25 a share, for a total transaction value of $512.5K. The options were close to expired and Stuart Tanz retained stocks.

This recent transaction increases Stuart Tanz’s holding in the company by 3.33% to a total of $28.55 million.

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Based on Retail Opportunity Investments’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $69.21 million and quarterly net profit of $7.47 million. In comparison, last year the company earned revenue of $69.02 million and had a net profit of $7.24 million. Currently, Retail Opportunity Investments has an average volume of 891.26K. ROIC’s market cap is $2.1B and the company has a P/E ratio of 46.94.

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Retail Opportunity Investments Corp. operates as a self-managed real estate investment trust. The company engages in the ownership, management, and redevelopment of retail real estate properties.