CI Investments Inc. cut its stake in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 1.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,840,583 shares of the real estate investment trust’s stock after selling 18,900 shares during the period. CI Investments Inc. owned about 1.68% of Retail Opportunity Investments Corp. worth $34,989,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. California Public Employees Retirement System grew its stake in shares of Retail Opportunity Investments Corp. by 0.5% in the first quarter. California Public Employees Retirement System now owns 176,100 shares of the real estate investment trust’s stock worth $3,703,000 after purchasing an additional 900 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Retail Opportunity Investments Corp. by 10.2% during the first quarter. Dimensional Fund Advisors LP now owns 1,515,881 shares of the real estate investment trust’s stock valued at $31,878,000 after acquiring an additional 140,609 shares during the last quarter. UBS Group AG boosted its position in Retail Opportunity Investments Corp. by 20.8% during the first quarter. UBS Group AG now owns 29,617 shares of the real estate investment trust’s stock valued at $623,000 after acquiring an additional 5,109 shares during the last quarter. Bank of Montreal Can boosted its position in Retail Opportunity Investments Corp. by 560.6% during the second quarter. Bank of Montreal Can now owns 19,090 shares of the real estate investment trust’s stock valued at $367,000 after acquiring an additional 16,200 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its position in Retail Opportunity Investments Corp. by 209.0% during the second quarter. State of Alaska Department of Revenue now owns 76,131 shares of the real estate investment trust’s stock valued at $1,459,000 after acquiring an additional 51,491 shares during the last quarter. Institutional investors own 95.42% of the company’s stock.

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A number of analysts have commented on the stock. Jefferies Group LLC set a $20.00 price target on shares of Retail Opportunity Investments Corp. and gave the company a “hold” rating in a research report on Tuesday, October 31st. Zacks Investment Research raised shares of Retail Opportunity Investments Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Royal Bank Of Canada reissued a “buy” rating and set a $22.00 price objective on shares of Retail Opportunity Investments Corp. in a research report on Monday, October 30th. Citigroup Inc. cut their price objective on shares of Retail Opportunity Investments Corp. from $20.50 to $20.00 and set a “neutral” rating on the stock in a research report on Monday, October 30th. Finally, KeyCorp reissued a “neutral” rating on shares of Retail Opportunity Investments Corp. in a research report on Tuesday, October 24th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $22.00.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) traded up $0.31 on Tuesday, hitting $19.32. 1,139,000 shares of the company were exchanged, compared to its average volume of 898,014. 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 12 month low of $17.87 and a 12 month high of $22.37. The firm has a market cap of $2,085.97, a price-to-earnings ratio of 17.13, a PEG ratio of 2.53 and a beta of 0.66.

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

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, December 14th will be paid a $0.188 dividend. The ex-dividend date of this dividend is Wednesday, December 13th. This represents a $0.75 annualized dividend and a yield of 3.89%. Retail Opportunity Investments Corp.’s dividend payout ratio (DPR) is 220.59%.

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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