Mutual of America Capital Management LLC trimmed its holdings in Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 5.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 140,578 shares of the real estate investment trust’s stock after selling 8,022 shares during the quarter. Mutual of America Capital Management LLC owned 0.13% of Retail Opportunity Investments Corp. worth $2,698,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of ROIC. Riverhead Capital Management LLC boosted its position in shares of Retail Opportunity Investments Corp. by 55.9% in the second quarter. Riverhead Capital Management LLC now owns 7,327 shares of the real estate investment trust’s stock valued at $141,000 after acquiring an additional 2,627 shares during the period. Daiwa Securities Group Inc. boosted its position in shares of Retail Opportunity Investments Corp. by 15.5% in the second quarter. Daiwa Securities Group Inc. now owns 9,700 shares of the real estate investment trust’s stock valued at $186,000 after acquiring an additional 1,300 shares during the period. Ameritas Investment Partners Inc. bought a new stake in shares of Retail Opportunity Investments Corp. in the first quarter valued at approximately $195,000. SG Americas Securities LLC boosted its position in shares of Retail Opportunity Investments Corp. by 77.6% in the second quarter. SG Americas Securities LLC now owns 10,965 shares of the real estate investment trust’s stock valued at $210,000 after acquiring an additional 4,790 shares during the period. Finally, Shelton Capital Management bought a new stake in shares of Retail Opportunity Investments Corp. in the first quarter valued at approximately $216,000. 94.92% of the stock is owned by institutional investors.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) opened at 19.01 on Friday. Retail Opportunity Investments Corp. has a 12 month low of $18.45 and a 12 month high of $22.63.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last posted its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). The business had revenue of $66.64 million for the quarter, compared to analyst estimates of $66.18 million. Retail Opportunity Investments Corp. had a return on equity of 2.71% and a net margin of 13.92%. The firm’s revenue was up 13.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.27 earnings per share. On average, analysts forecast that Retail Opportunity Investments Corp. will post $0.35 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 28th. Shareholders of record on Thursday, September 14th were issued a $0.188 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 3.96%. This is a positive change from Retail Opportunity Investments Corp.’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Wednesday, September 13th. Retail Opportunity Investments Corp.’s dividend payout ratio is currently 227.28%.

Several equities research analysts have recently weighed in on ROIC shares. Zacks Investment Research cut Retail Opportunity Investments Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Robert W. Baird reissued a “buy” rating and issued a $22.00 price objective on shares of Retail Opportunity Investments Corp. in a research report on Thursday, August 24th. Royal Bank Of Canada raised Retail Opportunity Investments Corp. from a “sector perform” rating to an “outperform” rating and set a $23.00 price objective for the company in a research report on Thursday, August 17th. KeyCorp reissued a “hold” rating on shares of Retail Opportunity Investments Corp. in a research report on Friday, August 25th. Finally, Citigroup Inc. reissued a “neutral” rating and issued a $19.00 price objective (down from $21.00) on shares of Retail Opportunity Investments Corp. in a research report on Monday, July 10th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Retail Opportunity Investments Corp. has a consensus rating of “Hold” and an average target price of $22.14.

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Retail Opportunity Investments Corp. Profile

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.

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

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