Comerica Bank lifted its stake in Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 7.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 309,033 shares of the real estate investment trust’s stock after purchasing an additional 21,598 shares during the period. Comerica Bank owned approximately 0.28% of Retail Opportunity Investments Corp. worth $5,627,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in ROIC. Riverhead Capital Management LLC lifted its stake 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 purchasing an additional 2,627 shares during the period. Daiwa Securities Group Inc. lifted its stake 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 purchasing an additional 1,300 shares during the period. Shelton Capital Management raised its position in Retail Opportunity Investments Corp. by 5.6% during the second quarter. Shelton Capital Management now owns 10,858 shares of the real estate investment trust’s stock worth $208,000 after acquiring an additional 579 shares during the last quarter. SG Americas Securities LLC raised its position in Retail Opportunity Investments Corp. by 77.6% during the second quarter. SG Americas Securities LLC now owns 10,965 shares of the real estate investment trust’s stock worth $210,000 after acquiring an additional 4,790 shares during the last quarter. Finally, Flinton Capital Management LLC raised its position in Retail Opportunity Investments Corp. by 56.4% during the second quarter. Flinton Capital Management LLC now owns 11,564 shares of the real estate investment trust’s stock worth $222,000 after acquiring an additional 4,172 shares during the last quarter. Hedge funds and other institutional investors own 96.01% of the company’s stock.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) opened at $19.73 on Wednesday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.64 and a quick ratio of 1.64. The firm has a market cap of $2,148.52, a P/E ratio of 17.64, a PEG ratio of 2.55 and a beta of 0.66. Retail Opportunity Investments Corp. has a 52-week low of $17.87 and a 52-week high of $22.37.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last posted its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.21). The firm had revenue of $67.97 million during 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%. The business’s quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.26 EPS. analysts forecast that Retail Opportunity Investments Corp. will post 1.13 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, December 14th will be given a $0.188 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date is Wednesday, December 13th. Retail Opportunity Investments Corp.’s dividend payout ratio is presently 220.59%.

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A number of equities analysts have issued reports on ROIC shares. Jefferies Group LLC restated a “buy” rating and set a $25.00 target price on shares of Retail Opportunity Investments Corp. in a research report on Tuesday, July 25th. Royal Bank Of Canada restated a “hold” rating and set a $23.00 target price on shares of Retail Opportunity Investments Corp. in a research report on Thursday, July 27th. Zacks Investment Research cut shares of Retail Opportunity Investments Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Robert W. Baird restated a “buy” rating and set a $22.00 target price on shares of Retail Opportunity Investments Corp. in a research report on Thursday, August 24th. Finally, KeyCorp restated a “hold” rating on shares of Retail Opportunity Investments Corp. in a research report on Friday, August 25th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $22.00.

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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