Eagle Asset Management Inc. decreased its position in Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 3.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 836,290 shares of the real estate investment trust’s stock after selling 30,056 shares during the period. Eagle Asset Management Inc. owned 0.77% of Retail Opportunity Investments Corp. worth $18,364,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Mason Street Advisors LLC purchased a new position in shares of Retail Opportunity Investments Corp. during the second quarter worth $426,000. Royal Bank of Canada increased its position in shares of Retail Opportunity Investments Corp. by 141.1% in the second quarter. Royal Bank of Canada now owns 39,637 shares of the real estate investment trust’s stock worth $858,000 after buying an additional 23,196 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Retail Opportunity Investments Corp. by 9.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 753,353 shares of the real estate investment trust’s stock worth $16,326,000 after buying an additional 64,022 shares in the last quarter. Amalgamated Bank increased its position in shares of Retail Opportunity Investments Corp. by 13.0% in the second quarter. Amalgamated Bank now owns 12,071 shares of the real estate investment trust’s stock worth $265,000 after buying an additional 1,389 shares in the last quarter. Finally, Legal & General Group Plc increased its position in shares of Retail Opportunity Investments Corp. by 8.6% in the second quarter. Legal & General Group Plc now owns 209,393 shares of the real estate investment trust’s stock worth $4,538,000 after buying an additional 16,655 shares in the last quarter. 90.75% of the stock is owned by institutional investors and hedge funds.

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

Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) traded up 0.96% on Tuesday, hitting $21.05. 321,450 shares of the stock were exchanged. Retail Opportunity Investments Corp. has a 12 month low of $16.90 and a 12 month high of $23.05. The company has a 50-day moving average price of $20.25 and a 200 day moving average price of $21.26. The company has a market cap of $2.30 billion, a PE ratio of 71.84 and a beta of 0.55.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last posted its quarterly earnings results on Tuesday, October 25th. The real estate investment trust reported $0.26 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.26. Retail Opportunity Investments Corp. had a net margin of 13.33% and a return on equity of 2.49%. The company earned $59.40 million during the quarter, compared to analyst estimates of $59.71 million. During the same period in the prior year, the business posted $0.26 EPS. The firm’s revenue was up 18.6% compared to the same quarter last year. Equities analysts forecast that Retail Opportunity Investments Corp. will post $1.06 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 29th. Investors of record on Thursday, December 15th will be issued a dividend of $0.18 per share. The ex-dividend date is Tuesday, December 13th. This represents a $0.72 dividend on an annualized basis and a yield of 3.46%. Retail Opportunity Investments Corp.’s dividend payout ratio is currently 180.00%.

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A number of brokerages recently weighed in on ROIC. Zacks Investment Research raised shares of Retail Opportunity Investments Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, November 23rd. Jefferies Group began coverage on shares of Retail Opportunity Investments Corp. in a research note on Friday, November 18th. They set a “buy” rating and a $25.00 target price for the company. FBR & Co reissued a “hold” rating on shares of Retail Opportunity Investments Corp. in a research note on Wednesday, October 26th. Canaccord Genuity lifted their target price on shares of Retail Opportunity Investments Corp. from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, August 25th. Finally, BTIG Research began coverage on shares of Retail Opportunity Investments Corp. in a report on Thursday, August 25th. They issued a “buy” rating and a $25.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $22.27.

About Retail Opportunity Investments Corp.

Retail Opportunity Investments Corp. is an integrated, self-managed real estate investment trust (REIT). The Company’s primary business is the ownership, management and redevelopment of retail real estate properties. 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.

5 Day Chart for NASDAQ:ROIC

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