Nomura Asset Management Co. Ltd. cut its position in Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 11.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 64,590 shares of the real estate investment trust’s stock after selling 8,170 shares during the period. Nomura Asset Management Co. Ltd. owned approximately 0.06% of Retail Opportunity Investments worth $1,228,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. grew its holdings in Retail Opportunity Investments by 2.0% during the second quarter. BlackRock Inc. now owns 17,311,892 shares of the real estate investment trust’s stock worth $332,216,000 after acquiring an additional 344,463 shares during the period. State Street Corp grew its holdings in Retail Opportunity Investments by 2.5% during the second quarter. State Street Corp now owns 4,190,488 shares of the real estate investment trust’s stock worth $80,416,000 after acquiring an additional 100,593 shares during the period. Thompson Siegel & Walmsley LLC grew its holdings in Retail Opportunity Investments by 3.2% during the third quarter. Thompson Siegel & Walmsley LLC now owns 2,351,274 shares of the real estate investment trust’s stock worth $44,698,000 after acquiring an additional 73,601 shares during the period. Hermes Investment Management Ltd. grew its holdings in Retail Opportunity Investments by 7.3% during the third quarter. Hermes Investment Management Ltd. now owns 2,006,000 shares of the real estate investment trust’s stock worth $38,134,000 after acquiring an additional 135,866 shares during the period. Finally, Deprince Race & Zollo Inc. grew its holdings in Retail Opportunity Investments by 11.9% during the third quarter. Deprince Race & Zollo Inc. now owns 1,901,346 shares of the real estate investment trust’s stock worth $36,145,000 after acquiring an additional 202,635 shares during the period. 97.45% of the stock is currently owned by institutional investors and hedge funds.

ROIC has been the topic of several analyst reports. Zacks Investment Research lowered Retail Opportunity Investments from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. Robert W. Baird reaffirmed a “buy” rating and set a $22.00 target price on shares of Retail Opportunity Investments in a report on Thursday, August 24th. KeyCorp reaffirmed a “hold” rating on shares of Retail Opportunity Investments in a report on Friday, August 25th. Jefferies Group downgraded Retail Opportunity Investments from a “buy” rating to a “hold” rating and lowered their price target for the stock from $25.00 to $21.00 in a research report on Friday, September 15th. Finally, FBR & Co set a $23.00 price target on Retail Opportunity Investments and gave the stock a “hold” rating in a research report on Wednesday, October 11th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $22.00.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) opened at $19.87 on Friday. The stock has a market capitalization of $2,180.00, a P/E ratio of 17.58, a price-to-earnings-growth ratio of 2.54 and a beta of 0.68. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.06. Retail Opportunity Investments Corp. has a 1 year low of $17.87 and a 1 year high of $22.37.

Retail Opportunity Investments (NASDAQ:ROIC) last issued its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.21). The business had revenue of $67.97 million for the quarter, compared to analysts’ expectations of $68.34 million. Retail Opportunity Investments had a return on equity of 2.86% and a net margin of 14.13%. The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.26 EPS. equities analysts forecast that Retail Opportunity Investments Corp. will post 1.13 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, December 14th will be given a dividend of $0.188 per share. The ex-dividend date of this dividend is Wednesday, December 13th. This represents a $0.75 dividend on an annualized basis and a yield of 3.78%. Retail Opportunity Investments’s dividend payout ratio is currently 241.94%.

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About Retail Opportunity Investments

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 (NASDAQ:ROIC)

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