First Trust Advisors LP raised its stake in Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 3.0% during the second quarter, according to its most recent filing with the SEC. The fund owned 112,296 shares of the real estate investment trust’s stock after buying an additional 3,261 shares during the period. First Trust Advisors LP owned about 0.11% of Retail Opportunity Investments Corp. worth $2,433,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of ROIC. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Retail Opportunity Investments Corp. by 2.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,839,928 shares of the real estate investment trust’s stock valued at $77,259,000 after buying an additional 85,981 shares during the period. State Street Corp boosted its stake in shares of Retail Opportunity Investments Corp. by 4.2% in the first quarter. State Street Corp now owns 3,237,675 shares of the real estate investment trust’s stock valued at $65,144,000 after buying an additional 131,846 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Retail Opportunity Investments Corp. by 13.6% in the second quarter. Bank of New York Mellon Corp now owns 2,324,291 shares of the real estate investment trust’s stock valued at $50,369,000 after buying an additional 278,525 shares during the period. Teachers Advisors Inc. boosted its stake in shares of Retail Opportunity Investments Corp. by 7.2% in the first quarter. Teachers Advisors Inc. now owns 1,762,828 shares of the real estate investment trust’s stock valued at $35,468,000 after buying an additional 118,210 shares during the period. Finally, Emerald Acquisition Ltd. acquired a new stake in shares of Retail Opportunity Investments Corp. during the second quarter valued at approximately $24,429,000. Hedge funds and other institutional investors own 85.62% of the company’s stock.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) traded up 1.06% during trading on Wednesday, reaching $21.91. The company’s stock had a trading volume of 528,200 shares. The stock’s 50 day moving average is $22.09 and its 200-day moving average is $20.91. Retail Opportunity Investments Corp. has a 52 week low of $16.26 and a 52 week high of $23.05. The firm has a market cap of $2.39 billion, a P/E ratio of 72.31 and a beta of 0.43.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last announced its earnings results on Wednesday, July 27th. The real estate investment trust reported $0.27 EPS for the quarter, topping the consensus estimate of $0.26 by $0.01. The company had revenue of $58.70 million for the quarter, compared to analysts’ expectations of $57.61 million. Retail Opportunity Investments Corp. had a return on equity of 2.67% and a net margin of 13.97%. The company’s revenue was up 27.1% compared to the same quarter last year. On average, equities research analysts forecast that Retail Opportunity Investments Corp. will post $1.07 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Stockholders of record on Thursday, September 15th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 3.29%. The ex-dividend date is Tuesday, September 13th. Retail Opportunity Investments Corp.’s dividend payout ratio (DPR) is presently 175.61%.

Several equities research analysts have commented on ROIC shares. Canaccord Genuity boosted their price target on shares of Retail Opportunity Investments Corp. from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Tuesday, August 16th. FBR & Co boosted their price target on shares of Retail Opportunity Investments Corp. from $20.00 to $22.00 and gave the stock a “hold” rating in a research report on Monday, August 1st. BTIG Research started coverage on shares of Retail Opportunity Investments Corp. in a research report on Thursday, August 25th. They issued a “buy” rating and a $25.00 price target on the stock. Zacks Investment Research cut shares of Retail Opportunity Investments Corp. from a “buy” rating to a “hold” rating in a research report on Saturday, August 6th. Finally, Royal Bank Of Canada started coverage on shares of Retail Opportunity Investments Corp. in a research report on Tuesday, June 14th. They issued a “sector perform” rating and a $20.00 price target on the stock. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $22.10.

In other news, Director Michael J. Indiveri purchased 5,500 shares of the business’s stock in a transaction dated Tuesday, August 16th. The shares were acquired at an average price of $21.72 per share, with a total value of $119,460.00. Following the completion of the purchase, the director now directly owns 45,139 shares of the company’s stock, valued at approximately $980,419.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael J. Indiveri purchased 2,900 shares of the business’s stock in a transaction dated Thursday, August 25th. The shares were purchased at an average cost of $22.33 per share, for a total transaction of $64,757.00. Following the purchase, the director now directly owns 45,139 shares of the company’s stock, valued at $1,007,953.87. The disclosure for this purchase can be found here. Insiders own 2.30% of the company’s stock.

About Retail Opportunity Investments Corp.

Retail Opportunity Investments Corp. is an integrated, self-managed real estate investment trust (REIT). The Company’s primary business is the ownership, management and redevelopment of retail real estate properties. 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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