TD Asset Management Inc. increased its holdings in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 4.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 62,800 shares of the real estate investment trust’s stock after purchasing an additional 2,800 shares during the quarter. TD Asset Management Inc. owned approximately 0.06% of Retail Opportunity Investments worth $1,194,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Pinebridge Investments L.P. boosted its holdings in Retail Opportunity Investments by 1.4% during the second quarter. Pinebridge Investments L.P. now owns 14,458 shares of the real estate investment trust’s stock worth $277,000 after purchasing an additional 201 shares during the last quarter. Arizona State Retirement System boosted its holdings in Retail Opportunity Investments by 0.5% during the second quarter. Arizona State Retirement System now owns 57,225 shares of the real estate investment trust’s stock worth $1,098,000 after purchasing an additional 300 shares during the last quarter. Amalgamated Bank boosted its holdings in Retail Opportunity Investments by 2.2% during the second quarter. Amalgamated Bank now owns 14,651 shares of the real estate investment trust’s stock worth $281,000 after purchasing an additional 312 shares during the last quarter. Shelton Capital Management boosted its holdings in Retail Opportunity Investments by 5.6% during the second quarter. Shelton Capital Management now owns 10,858 shares of the real estate investment trust’s stock worth $208,000 after purchasing an additional 579 shares during the last quarter. Finally, Texas Permanent School Fund boosted its holdings in Retail Opportunity Investments by 1.2% during the second quarter. Texas Permanent School Fund now owns 80,114 shares of the real estate investment trust’s stock worth $1,537,000 after purchasing an additional 982 shares during the last quarter. Institutional investors and hedge funds own 97.45% of the company’s stock.

Several brokerages recently commented on ROIC. Zacks Investment Research cut shares of Retail Opportunity Investments from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. Jefferies Group lowered shares of Retail Opportunity Investments from a “buy” rating to a “hold” rating and dropped their price target for the stock from $25.00 to $21.00 in a research report on Friday, September 15th. Citigroup dropped their price target on shares of Retail Opportunity Investments from $20.50 to $20.00 and set a “neutral” rating on the stock in a research report on Monday, October 30th. Royal Bank of Canada reaffirmed a “buy” rating and set a $22.00 price target on shares of Retail Opportunity Investments in a research report on Monday, October 30th. Finally, FBR & Co set a $23.00 price target on shares of Retail Opportunity Investments and gave the stock a “hold” rating in a research report on Wednesday, October 11th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Retail Opportunity Investments has a consensus rating of “Hold” and a consensus target price of $22.00.

Shares of Retail Opportunity Investments Corp. (ROIC) opened at $19.52 on Wednesday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.06. Retail Opportunity Investments Corp. has a 1 year low of $17.87 and a 1 year high of $22.37. The stock has a market cap of $2,118.89, a price-to-earnings ratio of 17.40, a price-to-earnings-growth ratio of 2.51 and a beta of 0.68.

Retail Opportunity Investments (NASDAQ:ROIC) last posted its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.21). The firm had revenue of $67.97 million for the quarter, compared to the consensus estimate of $68.34 million. Retail Opportunity Investments had a return on equity of 2.86% and a net margin of 14.13%. The business’s revenue was up 14.5% compared to the same quarter last year. During the same period last year, the company posted $0.26 earnings per share. equities analysts anticipate that Retail Opportunity Investments Corp. will post 1.13 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, December 14th will be given a $0.188 dividend. This represents a $0.75 annualized dividend and a dividend yield of 3.85%. The ex-dividend date of this dividend is Wednesday, December 13th. Retail Opportunity Investments’s payout ratio is presently 220.59%.

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Retail Opportunity Investments 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 (NASDAQ:ROIC)

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