Bank of Montreal Can raised its stake in Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 560.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,090 shares of the real estate investment trust’s stock after buying an additional 16,200 shares during the period. Bank of Montreal Can’s holdings in Retail Opportunity Investments Corp. were worth $367,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of ROIC. Credit Agricole S A increased its position in shares of Retail Opportunity Investments Corp. by 37.4% in the first quarter. Credit Agricole S A now owns 96,030 shares of the real estate investment trust’s stock valued at $2,020,000 after buying an additional 26,153 shares during the period. Schwab Charles Investment Management Inc. increased its position in shares of Retail Opportunity Investments Corp. by 9.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 958,803 shares of the real estate investment trust’s stock valued at $20,164,000 after buying an additional 80,452 shares during the period. BlackRock Inc. increased its position in shares of 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 valued at $356,825,000 after buying an additional 16,759,738 shares during the period. Menta Capital LLC acquired a new position in shares of Retail Opportunity Investments Corp. during the first quarter valued at $797,000. Finally, UBS Asset Management Americas Inc. increased its position in shares of Retail Opportunity Investments Corp. by 1.1% in the first quarter. UBS Asset Management Americas Inc. now owns 251,703 shares of the real estate investment trust’s stock valued at $5,293,000 after buying an additional 2,734 shares during the period. Institutional investors own 94.92% of the company’s stock.

Retail Opportunity Investments Corp. (ROIC) traded up 0.635% during midday trading on Wednesday, reaching $19.795. The company’s stock had a trading volume of 182,454 shares. Retail Opportunity Investments Corp. has a 12-month low of $18.45 and a 12-month high of $22.98.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last posted its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.27 EPS for the quarter, missing the 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 business had revenue of $66.64 million during the quarter, compared to analyst estimates of $66.18 million. During the same quarter in the prior year, the business earned $0.27 earnings per share. The firm’s revenue was up 13.6% compared to the same quarter last year. Analysts expect that Retail Opportunity Investments Corp. will post $0.33 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, September 14th will be given a $0.188 dividend. This is a boost from Retail Opportunity Investments Corp.’s previous quarterly dividend of $0.19. This represents a $0.75 annualized dividend and a yield of 3.82%. The ex-dividend date of this dividend is Wednesday, September 13th. Retail Opportunity Investments Corp.’s dividend payout ratio (DPR) is currently 227.28%.

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ROIC has been the topic of several research reports. Zacks Investment Research downgraded shares of Retail Opportunity Investments Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. Jefferies Group LLC reiterated a “buy” rating and issued a $26.00 price target on shares of Retail Opportunity Investments Corp. in a report on Friday, May 12th. Robert W. Baird reiterated a “buy” rating and issued a $22.00 price target on shares of Retail Opportunity Investments Corp. in a report on Thursday, August 24th. Citigroup Inc. reiterated a “neutral” rating and issued a $19.00 price target (down previously from $21.00) on shares of Retail Opportunity Investments Corp. in a report on Monday, July 10th. Finally, Royal Bank Of Canada upgraded shares of Retail Opportunity Investments Corp. from a “sector perform” rating to an “outperform” rating and set a $23.00 price target on the stock in a report on Thursday, August 17th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $22.71.

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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