Kennedy Capital Management Inc. cut its stake in Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 36.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 936,613 shares of the real estate investment trust’s stock after selling 547,308 shares during the period. Kennedy Capital Management Inc. owned approximately 0.85% of Retail Opportunity Investments Corp. worth $17,974,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Tyers Asset Management LLC boosted its position in shares of Retail Opportunity Investments Corp. by 0.4% in the first quarter. Tyers Asset Management LLC now owns 5,808 shares of the real estate investment trust’s stock worth $122,000 after acquiring an additional 22 shares during the last quarter. Flinton Capital Management LLC boosted its position in shares of Retail Opportunity Investments Corp. by 0.4% in the first quarter. Flinton Capital Management LLC now owns 7,392 shares of the real estate investment trust’s stock worth $155,000 after acquiring an additional 28 shares during the last quarter. Neuburgh Advisers LLC boosted its position in shares of Retail Opportunity Investments Corp. by 0.4% in the first quarter. Neuburgh Advisers LLC now owns 8,976 shares of the real estate investment trust’s stock worth $189,000 after acquiring an additional 34 shares during the last quarter. Nicholas Hoffman & Company LLC. boosted its position in shares of Retail Opportunity Investments Corp. by 0.9% in the first quarter. Nicholas Hoffman & Company LLC. now owns 10,857 shares of the real estate investment trust’s stock worth $228,000 after acquiring an additional 96 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Retail Opportunity Investments Corp. by 1.1% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 16,985 shares of the real estate investment trust’s stock worth $357,000 after acquiring an additional 180 shares during the last quarter. 94.92% of the stock is currently owned by institutional investors and hedge funds.

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Retail Opportunity Investments Corp. (NASDAQ:ROIC) opened at 20.25 on Thursday. The firm’s 50-day moving average is $20.16 and its 200-day moving average is $20.39. Retail Opportunity Investments Corp. has a 12 month low of $18.45 and a 12 month high of $22.88. The firm has a market capitalization of $2.22 billion, a PE ratio of 62.69 and a beta of 0.69.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last released its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by $0.01. The firm had revenue of $66.64 million during the quarter, compared to analyst estimates of $66.18 million. Retail Opportunity Investments Corp. had a return on equity of 2.71% and a net margin of 13.92%. The company’s quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.27 EPS. On average, equities research analysts expect that Retail Opportunity Investments Corp. will post $0.33 EPS for the current year.

The business also recently announced 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 represents a $0.75 dividend on an annualized basis and a yield of 3.71%. This is a boost from Retail Opportunity Investments Corp.’s previous quarterly dividend of $0.19. Retail Opportunity Investments Corp.’s dividend payout ratio is presently 227.28%.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Retail Opportunity Investments Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday. BidaskClub raised shares of Retail Opportunity Investments Corp. from a “sell” rating to a “hold” rating in a research report on Sunday, July 16th. Jefferies Group LLC reaffirmed a “buy” rating and set a $26.00 price target on shares of Retail Opportunity Investments Corp. in a research report on Wednesday, June 14th. Citigroup Inc. reaffirmed a “neutral” rating and set a $21.00 price target (down from $22.00) on shares of Retail Opportunity Investments Corp. in a research report on Tuesday, June 6th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $23.00 price target on shares of Retail Opportunity Investments Corp. in a research report on Thursday, July 27th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $22.71.

Retail Opportunity Investments Corp. 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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