Schwab Charles Investment Management Inc. increased its holdings in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 6.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,021,941 shares of the real estate investment trust’s stock after purchasing an additional 63,138 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Retail Opportunity Investments Corp. were worth $19,612,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Credit Agricole S A increased its position in shares of Retail Opportunity Investments Corp. by 37.4% during the 1st quarter. Credit Agricole S A now owns 96,030 shares of the real estate investment trust’s stock worth $2,020,000 after purchasing an additional 26,153 shares during the last quarter. Bank of Montreal Can increased its position in shares of Retail Opportunity Investments Corp. by 560.6% during the 2nd quarter. Bank of Montreal Can now owns 19,090 shares of the real estate investment trust’s stock worth $367,000 after purchasing an additional 16,200 shares during the last quarter. BlackRock Inc. increased its position in shares of Retail Opportunity Investments Corp. by 8,069.6% during the 1st quarter. BlackRock Inc. now owns 16,967,429 shares of the real estate investment trust’s stock worth $356,825,000 after purchasing an additional 16,759,738 shares during the last quarter. Menta Capital LLC acquired a new stake in shares of Retail Opportunity Investments Corp. during the 1st quarter worth about $797,000. Finally, UBS Asset Management Americas Inc. increased its position in shares of Retail Opportunity Investments Corp. by 1.1% during the 1st quarter. UBS Asset Management Americas Inc. now owns 251,703 shares of the real estate investment trust’s stock worth $5,293,000 after purchasing an additional 2,734 shares during the last quarter. 94.92% of the stock is owned by hedge funds and other institutional investors.

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Retail Opportunity Investments Corp. (NASDAQ:ROIC) opened at 19.25 on Thursday. Retail Opportunity Investments Corp. has a 52-week low of $18.45 and a 52-week high of $22.63.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last announced its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.01). The firm 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 business’s revenue was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.27 earnings per share. On average, equities research analysts forecast that Retail Opportunity Investments Corp. will post $0.35 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, September 14th will be paid a dividend of $0.188 per share. The ex-dividend date is Wednesday, September 13th. This is a positive change from Retail Opportunity Investments Corp.’s previous quarterly dividend of $0.19. This represents a $0.75 annualized dividend and a yield of 3.91%. Retail Opportunity Investments Corp.’s dividend payout ratio is currently 227.28%.

A number of analysts recently issued reports on ROIC shares. BidaskClub raised Retail Opportunity Investments Corp. from a “sell” rating to a “hold” rating in a research report on Sunday, July 16th. Zacks Investment Research downgraded Retail Opportunity Investments Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th. Citigroup Inc. reissued a “neutral” rating and set a $21.00 price objective (down from $22.00) on shares of Retail Opportunity Investments Corp. in a research report on Tuesday, June 6th. Robert W. Baird reissued a “buy” rating and set a $22.00 price objective on shares of Retail Opportunity Investments Corp. in a research report on Thursday, August 24th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $23.00 price objective on shares of Retail Opportunity Investments Corp. in a research report on Thursday, July 27th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Retail Opportunity Investments Corp. has a consensus rating of “Hold” and a consensus target price of $22.14.

Retail Opportunity Investments Corp. Company 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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