Schwab Charles Investment Management Inc. increased its position in Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 9.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 958,803 shares of the real estate investment trust’s stock after buying an additional 80,452 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.87% of Retail Opportunity Investments Corp. worth $20,164,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in ROIC. Dimensional Fund Advisors LP boosted its stake in shares of Retail Opportunity Investments Corp. by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,375,272 shares of the real estate investment trust’s stock valued at $29,059,000 after buying an additional 54,005 shares in the last quarter. Credit Agricole S A boosted its position in shares of Retail Opportunity Investments Corp. by 1.1% in the fourth quarter. Credit Agricole S A now owns 69,877 shares of the real estate investment trust’s stock valued at $1,476,000 after buying an additional 766 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Retail Opportunity Investments Corp. by 21.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 45,078 shares of the real estate investment trust’s stock valued at $951,000 after buying an additional 8,010 shares in the last quarter. A.R.T. Advisors LLC purchased a new stake in shares of Retail Opportunity Investments Corp. during the fourth quarter valued at approximately $456,000. Finally, Teachers Retirement System of The State of Kentucky increased its stake in shares of Retail Opportunity Investments Corp. by 5.1% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 36,900 shares of the real estate investment trust’s stock valued at $780,000 after buying an additional 1,800 shares during the last quarter. 96.58% of the stock is owned by institutional investors and hedge funds.

Shares of Retail Opportunity Investments Corp. (ROIC) traded down 0.50% during midday trading on Thursday, hitting $20.10. 602,520 shares of the stock traded hands. The stock has a market cap of $2.21 billion, a PE ratio of 62.81 and a beta of 0.69. Retail Opportunity Investments Corp. has a 52-week low of $18.45 and a 52-week high of $22.98.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last released its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.28 by $0.01. Retail Opportunity Investments Corp. had a net margin of 13.92% and a return on equity of 2.71%. The company had revenue of $66.64 million during the quarter, compared to analyst estimates of $66.18 million. During the same quarter last year, the business earned $0.27 EPS. The company’s revenue for the quarter was up 13.6% compared to the same quarter last year. On average, equities analysts anticipate that Retail Opportunity Investments Corp. will post $0.37 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, September 14th will be given a dividend of $0.188 per share. The ex-dividend date is Wednesday, September 13th. This is a positive change from Retail Opportunity Investments Corp.’s previous quarterly dividend of $0.19. This represents a $0.75 dividend on an annualized basis and a yield of 3.74%. Retail Opportunity Investments Corp.’s dividend payout ratio (DPR) is presently 227.28%.

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Several brokerages have recently commented on ROIC. Royal Bank Of Canada restated a “hold” rating and set a $23.00 price objective on shares of Retail Opportunity Investments Corp. in a research report on Thursday, July 27th. Canaccord Genuity reiterated a “buy” rating and issued a $26.00 price target on shares of Retail Opportunity Investments Corp. in a report on Thursday, April 27th. BidaskClub upgraded shares of Retail Opportunity Investments Corp. from a “sell” rating to a “hold” rating in a report on Sunday, July 16th. Jefferies Group LLC restated a “buy” rating and issued a $26.00 target price on shares of Retail Opportunity Investments Corp. in a report on Friday, May 12th. Finally, Zacks Investment Research cut shares of Retail Opportunity Investments Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $23.14.

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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