State of Alaska Department of Revenue raised its holdings in shares of Retail Opportunity Investments Corp (NASDAQ:ROIC) by 43.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 72,751 shares of the real estate investment trust’s stock after acquiring an additional 22,151 shares during the period. State of Alaska Department of Revenue owned approximately 0.06% of Retail Opportunity Investments worth $1,357,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James Trust N.A. acquired a new stake in Retail Opportunity Investments during the 2nd quarter valued at approximately $195,000. OppenheimerFunds Inc. acquired a new stake in Retail Opportunity Investments during the 2nd quarter valued at approximately $196,000. Brown Advisory Inc. acquired a new stake in Retail Opportunity Investments during the 1st quarter valued at approximately $188,000. Ramsey Quantitative Systems increased its holdings in shares of Retail Opportunity Investments by 46.0% during the 2nd quarter. Ramsey Quantitative Systems now owns 19,688 shares of the real estate investment trust’s stock valued at $377,000 after purchasing an additional 6,200 shares in the last quarter. Finally, Profund Advisors LLC increased its holdings in shares of Retail Opportunity Investments by 25.6% during the 1st quarter. Profund Advisors LLC now owns 20,640 shares of the real estate investment trust’s stock valued at $365,000 after purchasing an additional 4,201 shares in the last quarter.

Several equities analysts have recently weighed in on the stock. ValuEngine raised shares of Retail Opportunity Investments from a “sell” rating to a “hold” rating in a report on Tuesday, August 28th. BidaskClub raised shares of Retail Opportunity Investments from a “sell” rating to a “hold” rating in a report on Tuesday, June 26th. Capital One Financial lowered shares of Retail Opportunity Investments from an “overweight” rating to an “equal weight” rating in a report on Thursday, July 26th. Zacks Investment Research raised shares of Retail Opportunity Investments from a “sell” rating to a “hold” rating in a report on Thursday, August 16th. Finally, BMO Capital Markets assumed coverage on shares of Retail Opportunity Investments in a report on Tuesday, September 18th. They set a “hold” rating and a $20.00 target price for the company. Two analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $19.21.

NASDAQ:ROIC opened at $18.18 on Friday. The company has a quick ratio of 3.74, a current ratio of 3.74 and a debt-to-equity ratio of 1.17. The company has a market cap of $2.03 billion, a PE ratio of 15.96, a PEG ratio of 2.53 and a beta of 0.55. Retail Opportunity Investments Corp has a 1-year low of $16.17 and a 1-year high of $20.14.

Retail Opportunity Investments (NASDAQ:ROIC) last posted its earnings results on Wednesday, July 25th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.23). The firm had revenue of $72.34 million for the quarter, compared to analysts’ expectations of $73.23 million. Retail Opportunity Investments had a net margin of 13.23% and a return on equity of 2.90%. Retail Opportunity Investments’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the firm earned $0.27 earnings per share. Analysts expect that Retail Opportunity Investments Corp will post 1.16 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 27th. Investors of record on Thursday, September 13th were issued a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 4.29%. The ex-dividend date was Wednesday, September 12th. Retail Opportunity Investments’s payout ratio is presently 68.42%.

About Retail Opportunity Investments

Retail Opportunity Investments Corp. (NASDAQ:ROIC), is a fully-integrated, self-managed real estate investment trust (REIT) that specializes in the acquisition, ownership and management of grocery-anchored shopping centers located in densely-populated, metropolitan markets across the West Coast. As of June 30, 2018, ROIC owned 92 shopping centers encompassing approximately 10.6 million square feet.

See Also: What is the Dividend Aristocrat Index?

Want to see what other hedge funds are holding ROIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Retail Opportunity Investments Corp (NASDAQ:ROIC).

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

Receive News & Ratings for Retail Opportunity Investments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Retail Opportunity Investments and related companies with MarketBeat.com's FREE daily email newsletter.