Arizona State Retirement System increased its stake in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 0.5% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 57,225 shares of the real estate investment trust’s stock after buying an additional 300 shares during the period. Arizona State Retirement System’s holdings in Retail Opportunity Investments Corp. were worth $1,098,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System boosted its stake in Retail Opportunity Investments Corp. by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 44,500 shares of the real estate investment trust’s stock valued at $936,000 after buying an additional 600 shares during the period. First Citizens Bank & Trust Co. acquired a new stake in shares of Retail Opportunity Investments Corp. during the first quarter worth approximately $239,000. Wells Fargo & Company MN boosted its stake in shares of Retail Opportunity Investments Corp. by 11.1% in the first quarter. Wells Fargo & Company MN now owns 221,135 shares of the real estate investment trust’s stock worth $4,651,000 after buying an additional 22,019 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of Retail Opportunity Investments Corp. by 1.1% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 16,985 shares of the real estate investment trust’s stock worth $357,000 after buying an additional 180 shares during the period. Finally, Great West Life Assurance Co. Can boosted its stake in shares of Retail Opportunity Investments Corp. by 4.7% in the first quarter. Great West Life Assurance Co. Can now owns 206,941 shares of the real estate investment trust’s stock worth $4,349,000 after buying an additional 9,302 shares during the period. Institutional investors and hedge funds own 94.92% of the company’s stock.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) opened at 19.87 on Tuesday. 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 released its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate 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 company’s revenue was up 13.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.27 earnings per share. Equities analysts predict that Retail Opportunity Investments Corp. will post $0.33 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, September 14th will be given a dividend of $0.188 per share. This is a boost from Retail Opportunity Investments Corp.’s previous quarterly dividend of $0.19. This represents a $0.75 annualized dividend and a dividend yield of 3.78%. The ex-dividend date of this dividend is Wednesday, September 13th. Retail Opportunity Investments Corp.’s dividend payout ratio is currently 227.28%.

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ROIC has been the topic of a number of research reports. Zacks Investment Research cut shares of Retail Opportunity Investments Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, May 2nd. Jefferies Group LLC restated a “buy” rating and set a $26.00 target price on shares of Retail Opportunity Investments Corp. in a report on Friday, May 12th. Citigroup Inc. restated a “neutral” rating and set a $21.00 target price (down previously from $22.00) on shares of Retail Opportunity Investments Corp. in a report on Tuesday, June 6th. BidaskClub upgraded shares of Retail Opportunity Investments Corp. from a “sell” rating to a “hold” rating in a report on Sunday, July 16th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $23.00 target price on shares of Retail Opportunity Investments Corp. in a report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $22.71.

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.

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

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