State of Alaska Department of Revenue increased its stake in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 209.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,131 shares of the real estate investment trust’s stock after buying an additional 51,491 shares during the period. State of Alaska Department of Revenue’s holdings in Retail Opportunity Investments Corp. were worth $1,459,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in 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 worth $356,825,000 after buying an additional 16,759,738 shares during the last quarter. State Street Corp increased its stake in shares of Retail Opportunity Investments Corp. by 5.5% in the first quarter. State Street Corp now owns 4,089,895 shares of the real estate investment trust’s stock worth $86,009,000 after buying an additional 212,213 shares during the last quarter. RidgeWorth Capital Management LLC bought a new stake in shares of Retail Opportunity Investments Corp. during the first quarter worth $67,315,000. Hermes Investment Management Ltd. increased its stake in shares of Retail Opportunity Investments Corp. by 1.8% in the first quarter. Hermes Investment Management Ltd. now owns 2,051,014 shares of the real estate investment trust’s stock worth $43,133,000 after buying an additional 36,627 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Retail Opportunity Investments Corp. by 3.3% in the first quarter. Bank of New York Mellon Corp now owns 2,041,838 shares of the real estate investment trust’s stock worth $42,939,000 after buying an additional 64,874 shares during the last quarter. Institutional investors own 96.28% of the company’s stock.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) opened at 19.94 on Monday. Retail Opportunity Investments Corp. has a 12 month low of $18.45 and a 12 month high of $23.05.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last posted its quarterly earnings data on Wednesday, April 26th. The real estate investment trust reported $0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.01. The firm had revenue of $65.90 million during the quarter, compared to the consensus estimate of $62.86 million. Retail Opportunity Investments Corp. had a return on equity of 2.71% and a net margin of 14.13%. The firm’s revenue was up 17.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.27 EPS. On average, equities research analysts forecast that Retail Opportunity Investments Corp. will post $0.37 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 29th. Stockholders of record on Thursday, June 15th were paid a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date of this dividend was Tuesday, June 13th. Retail Opportunity Investments Corp.’s dividend payout ratio (DPR) is 174.42%.

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ROIC has been the topic of a number of recent research reports. Zacks Investment Research raised Retail Opportunity Investments Corp. from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Thursday, April 27th. Canaccord Genuity reaffirmed a “buy” rating and set a $26.00 price objective on shares of Retail Opportunity Investments Corp. in a research report on Thursday, April 27th. TheStreet downgraded Retail Opportunity Investments Corp. from a “b” rating to a “c+” rating in a research report on Friday, April 28th. Jefferies Group LLC reaffirmed a “buy” rating and set a $26.00 price objective on shares of Retail Opportunity Investments Corp. in a research report on Friday, May 12th. Finally, Citigroup Inc. reaffirmed a “neutral” rating and set a $21.00 price objective (down previously from $22.00) on shares of Retail Opportunity Investments Corp. in a research report on Tuesday, June 6th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Retail Opportunity Investments Corp. currently has a consensus rating of “Buy” and an average price target of $23.33.

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.

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

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