Dimensional Fund Advisors LP lifted its position in shares of Retail Opportunity Investments Corp (NASDAQ:ROIC) by 0.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,789,479 shares of the real estate investment trust’s stock after purchasing an additional 2,127 shares during the quarter. Dimensional Fund Advisors LP owned 1.57% of Retail Opportunity Investments worth $28,418,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. Whittier Trust Co. raised its position in shares of Retail Opportunity Investments by 18.8% during the fourth quarter. Whittier Trust Co. now owns 3,684 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 584 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Retail Opportunity Investments by 23.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,197 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 603 shares during the period. Advisor Group Inc. raised its position in shares of Retail Opportunity Investments by 6.6% during the fourth quarter. Advisor Group Inc. now owns 14,089 shares of the real estate investment trust’s stock worth $224,000 after purchasing an additional 871 shares during the period. Ramsey Quantitative Systems raised its position in shares of Retail Opportunity Investments by 6.2% during the fourth quarter. Ramsey Quantitative Systems now owns 18,286 shares of the real estate investment trust’s stock worth $290,000 after purchasing an additional 1,074 shares during the period. Finally, Daiwa Securities Group Inc. raised its position in shares of Retail Opportunity Investments by 6.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 17,700 shares of the real estate investment trust’s stock worth $281,000 after purchasing an additional 1,100 shares during the period. 94.08% of the stock is currently owned by institutional investors.

A number of equities analysts have recently weighed in on ROIC shares. BidaskClub raised Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research report on Tuesday, January 29th. Zacks Investment Research lowered Retail Opportunity Investments from a “hold” rating to a “sell” rating in a research report on Tuesday, April 2nd. Finally, BMO Capital Markets reissued a “hold” rating and issued a $18.00 price target on shares of Retail Opportunity Investments in a research report on Tuesday, February 19th. Three research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $17.67.

NASDAQ ROIC opened at $17.66 on Thursday. The firm has a market capitalization of $1.98 billion, a P/E ratio of 15.49, a P/E/G ratio of 3.64 and a beta of 0.72. Retail Opportunity Investments Corp has a 12 month low of $15.44 and a 12 month high of $19.80. The company has a quick ratio of 3.51, a current ratio of 3.51 and a debt-to-equity ratio of 1.13.

Retail Opportunity Investments (NASDAQ:ROIC) last released its quarterly earnings results on Tuesday, February 19th. The real estate investment trust reported $0.29 EPS for the quarter, meeting analysts’ consensus estimates of $0.29. The business had revenue of $75.20 million during the quarter, compared to analyst estimates of $74.43 million. Retail Opportunity Investments had a return on equity of 3.25% and a net margin of 14.45%. Retail Opportunity Investments’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.30 EPS. Equities analysts expect that Retail Opportunity Investments Corp will post 1.14 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a $0.197 dividend. This is a positive change from Retail Opportunity Investments’s previous quarterly dividend of $0.20. This represents a $0.79 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date of this dividend was Wednesday, March 13th. Retail Opportunity Investments’s dividend payout ratio is presently 69.30%.

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Retail Opportunity Investments Profile

Retail Opportunity Investments Corp. (NASDAQ: ROIC), is a fully-integrated, self-managed real estate investment trust (REIT) that specializes in the acquisition, ownership and management of grocery-anchored shopping centers located in densely-populated, metropolitan markets across the West Coast. As of December 31, 2018, ROIC owned 91 shopping centers encompassing approximately 10.5 million square feet.

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

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