USA Financial Portformulas Corp lowered its stake in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 48.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,199 shares of the real estate investment trust’s stock after selling 14,230 shares during the period. USA Financial Portformulas Corp’s holdings in Retail Opportunity Investments Corp. were worth $334,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of Retail Opportunity Investments Corp. by 2.6% in the second quarter. Vanguard Group Inc. now owns 15,574,084 shares of the real estate investment trust’s stock valued at $337,491,000 after buying an additional 398,975 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Retail Opportunity Investments Corp. by 3.9% in the second quarter. Principal Financial Group Inc. now owns 732,099 shares of the real estate investment trust’s stock valued at $15,864,000 after buying an additional 27,423 shares during the period. Prudential Financial Inc. raised its position in shares of Retail Opportunity Investments Corp. by 2.4% in the second quarter. Prudential Financial Inc. now owns 244,171 shares of the real estate investment trust’s stock valued at $5,291,000 after buying an additional 5,700 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Retail Opportunity Investments Corp. by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,320,886 shares of the real estate investment trust’s stock valued at $28,624,000 after buying an additional 28,818 shares during the period. Finally, Teacher Retirement System of Texas raised its position in shares of Retail Opportunity Investments Corp. by 1.4% in the second quarter. Teacher Retirement System of Texas now owns 250,597 shares of the real estate investment trust’s stock valued at $5,430,000 after buying an additional 3,423 shares during the period. Institutional investors own 90.66% of the company’s stock.

Institutional Ownership by Quarter for Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Retail Opportunity Investments Corp. (NASDAQ:ROIC) traded up 0.53% during trading on Friday, hitting $20.74. 664,247 shares of the stock were exchanged. The firm’s 50-day moving average is $0.00 and its 200 day moving average is $0.00. Retail Opportunity Investments Corp. has a 52 week low of $16.90 and a 52 week high of $23.05.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last released its quarterly earnings results on Tuesday, October 25th. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.26. The firm earned $59.40 million during the quarter, compared to the consensus estimate of $59.71 million. Retail Opportunity Investments Corp. had a net margin of 13.33% and a return on equity of 2.49%. The company’s revenue for the quarter was up 18.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.26 earnings per share. On average, equities research analysts expect that Retail Opportunity Investments Corp. will post $0.28 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, December 29th. Investors of record on Thursday, December 15th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date of this dividend was Tuesday, December 13th. Retail Opportunity Investments Corp.’s dividend payout ratio is presently 180.00%.

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Several equities analysts have recently issued reports on the stock. FBR & Co reissued a “hold” rating on shares of Retail Opportunity Investments Corp. in a report on Wednesday, October 26th. Zacks Investment Research raised shares of Retail Opportunity Investments Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, November 23rd. Finally, Jefferies Group assumed coverage on shares of Retail Opportunity Investments Corp. in a research note on Friday, November 18th. They issued a “buy” rating and a $25.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Retail Opportunity Investments Corp. has an average rating of “Buy” and an average price target of $22.25.

Retail Opportunity Investments Corp. Company Profile

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.

5 Day Chart for NASDAQ:ROIC

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