California State Teachers Retirement System decreased its holdings in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 9.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 191,935 shares of the real estate investment trust’s stock after selling 19,954 shares during the period. California State Teachers Retirement System’s holdings in Retail Opportunity Investments Corp. were worth $3,683,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ROIC. Deprince Race & Zollo Inc. acquired a new position in Retail Opportunity Investments Corp. during the 2nd quarter worth approximately $32,598,000. Thompson Siegel & Walmsley LLC increased its position in Retail Opportunity Investments Corp. by 49.2% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 2,277,673 shares of the real estate investment trust’s stock worth $43,709,000 after purchasing an additional 750,851 shares during the period. Russell Investments Group Ltd. increased its position in Retail Opportunity Investments Corp. by 206.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,023,235 shares of the real estate investment trust’s stock worth $19,635,000 after purchasing an additional 688,874 shares during the period. Jennison Associates LLC increased its position in Retail Opportunity Investments Corp. by 52.4% during the 2nd quarter. Jennison Associates LLC now owns 1,281,342 shares of the real estate investment trust’s stock worth $24,589,000 after purchasing an additional 440,421 shares during the period. Finally, BlackRock Inc. increased its position in Retail Opportunity Investments Corp. by 2.0% during the 2nd quarter. BlackRock Inc. now owns 17,311,892 shares of the real estate investment trust’s stock worth $332,216,000 after purchasing an additional 344,463 shares during the period. Institutional investors own 94.93% of the company’s stock.

Shares of Retail Opportunity Investments Corp. (ROIC) opened at $18.43 on Monday. The firm has a market capitalization of $2,022.33, a P/E ratio of 16.60, a P/E/G ratio of 2.45 and a beta of 0.66. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.06. Retail Opportunity Investments Corp. has a fifty-two week low of $17.87 and a fifty-two week high of $22.37.

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

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, December 14th will be issued a dividend of $0.188 per share. This represents a $0.75 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date of this dividend is Wednesday, December 13th. Retail Opportunity Investments Corp.’s dividend payout ratio (DPR) is presently 220.59%.

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A number of equities research analysts recently weighed in on the company. Robert W. Baird restated a “buy” rating and issued a $22.00 price target on shares of Retail Opportunity Investments Corp. in a report on Thursday, August 24th. Zacks Investment Research upgraded 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. Jefferies Group LLC restated a “buy” rating and issued a $25.00 price target on shares of Retail Opportunity Investments Corp. in a report on Tuesday, July 25th. Royal Bank Of Canada restated a “buy” rating and issued a $22.00 price target on shares of Retail Opportunity Investments Corp. in a report on Monday, October 30th. Finally, KeyCorp restated a “hold” rating on shares of Retail Opportunity Investments Corp. in a report on Friday, August 25th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $22.00.

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.

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

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