IndexIQ Advisors LLC increased its stake in Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 12.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 130,245 shares of the real estate investment trust’s stock after buying an additional 13,969 shares during the period. IndexIQ Advisors LLC owned 0.12% of Retail Opportunity Investments Corp. worth $2,499,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Retail Opportunity Investments Corp. by 8,069.6% in the first quarter. BlackRock Inc. now owns 16,967,429 shares of the real estate investment trust’s stock valued at $356,825,000 after buying an additional 16,759,738 shares during the period. RidgeWorth Capital Management LLC bought a new stake in shares of Retail Opportunity Investments Corp. during the first quarter valued at approximately $67,315,000. Deprince Race & Zollo Inc. bought a new stake in shares of Retail Opportunity Investments Corp. during the second quarter valued at approximately $32,598,000. Russell Investments Group Ltd. increased its stake in shares of Retail Opportunity Investments Corp. by 206.0% in the second quarter. Russell Investments Group Ltd. now owns 1,023,235 shares of the real estate investment trust’s stock valued at $19,635,000 after buying an additional 688,874 shares during the period. Finally, Schroder Investment Management Group increased its stake in shares of Retail Opportunity Investments Corp. by 111.7% in the first quarter. Schroder Investment Management Group now owns 1,100,622 shares of the real estate investment trust’s stock valued at $22,948,000 after buying an additional 580,821 shares during the period. Hedge funds and other institutional investors own 94.92% of the company’s stock.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) opened at 19.67 on Wednesday. Retail Opportunity Investments Corp. has a one year low of $18.45 and a one year high of $22.98.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last posted its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by $0.01. Retail Opportunity Investments Corp. had a return on equity of 2.71% and a net margin of 13.92%. The business had revenue of $66.64 million during the quarter, compared to analysts’ expectations of $66.18 million. During the same quarter in the prior year, the firm earned $0.27 EPS. The firm’s revenue for the quarter was up 13.6% compared to the same quarter last year. On average, equities research analysts predict that Retail Opportunity Investments Corp. will post $0.33 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, September 14th will be given a dividend of $0.188 per share. This represents a $0.75 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date is Wednesday, September 13th. This is a boost from Retail Opportunity Investments Corp.’s previous quarterly dividend of $0.19. Retail Opportunity Investments Corp.’s dividend payout ratio is 227.28%.

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