Opus Capital Group LLC purchased a new stake in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) during the second quarter, Holdings Channel reports. The institutional investor purchased 198,761 shares of the real estate investment trust’s stock, valued at approximately $3,814,000.

Other hedge funds have also made changes to their positions in the company. Tyers Asset Management LLC increased its stake in shares of Retail Opportunity Investments Corp. by 0.4% in the first quarter. Tyers Asset Management LLC now owns 5,808 shares of the real estate investment trust’s stock valued at $122,000 after buying an additional 22 shares during the period. Flinton Capital Management LLC increased its stake in shares of Retail Opportunity Investments Corp. by 0.4% in the first quarter. Flinton Capital Management LLC now owns 7,392 shares of the real estate investment trust’s stock valued at $155,000 after buying an additional 28 shares during the period. Daiwa Securities Group Inc. increased its stake in shares of Retail Opportunity Investments Corp. by 31.3% in the first quarter. Daiwa Securities Group Inc. now owns 8,400 shares of the real estate investment trust’s stock valued at $177,000 after buying an additional 2,000 shares during the period. Neuburgh Advisers LLC increased its stake in shares of Retail Opportunity Investments Corp. by 0.4% in the first quarter. Neuburgh Advisers LLC now owns 8,976 shares of the real estate investment trust’s stock valued at $189,000 after buying an additional 34 shares during the period. Finally, Ameritas Investment Partners Inc. acquired a new stake in shares of Retail Opportunity Investments Corp. during the first quarter valued at about $195,000. 98.26% of the stock is currently owned by institutional investors.

Retail Opportunity Investments Corp. (ROIC) opened at 20.04 on Friday. Retail Opportunity Investments Corp. has a 52-week low of $18.45 and a 52-week high of $22.98.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last announced its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.27 EPS for the quarter, missing the consensus estimate of $0.28 by $0.01. Retail Opportunity Investments Corp. had a return on equity of 2.71% and a net margin of 13.92%. The firm had revenue of $66.64 million during the quarter, compared to analyst estimates of $66.18 million. During the same quarter in the previous year, the business earned $0.27 earnings per share. The business’s quarterly revenue was up 13.6% compared to the same quarter last year. Equities research analysts anticipate that Retail Opportunity Investments Corp. will post $0.37 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, September 14th will be issued a $0.188 dividend. This represents a $0.75 annualized dividend and a dividend yield of 3.75%. This is a boost from Retail Opportunity Investments Corp.’s previous quarterly dividend of $0.19. The ex-dividend date is Wednesday, September 13th. Retail Opportunity Investments Corp.’s dividend payout ratio (DPR) is presently 227.28%.

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Several analysts have issued reports on ROIC shares. Jefferies Group LLC reaffirmed a “buy” rating and issued a $25.00 price target on shares of Retail Opportunity Investments Corp. in a report on Tuesday, July 25th. Zacks Investment Research raised shares of Retail Opportunity Investments Corp. from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Wednesday, July 12th. Canaccord Genuity reaffirmed a “buy” rating and issued a $26.00 price target on shares of Retail Opportunity Investments Corp. in a report on Thursday, April 27th. TheStreet downgraded shares of Retail Opportunity Investments Corp. from a “b” rating to a “c+” rating in a report on Friday, April 28th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $23.00 price target on shares of Retail Opportunity Investments Corp. in a report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. Retail Opportunity Investments Corp. presently has an average rating of “Hold” and a consensus target price of $23.14.

About Retail Opportunity Investments Corp.

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

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