CI Investments Inc. raised its position in Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 0.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,859,483 shares of the real estate investment trust’s stock after acquiring an additional 16,600 shares during the period. CI Investments Inc. owned approximately 1.69% of Retail Opportunity Investments Corp. worth $35,683,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in ROIC. Tyers Asset Management LLC lifted its stake in shares of Retail Opportunity Investments Corp. by 0.4% in the 1st 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 period. Flinton Capital Management LLC lifted its stake in shares of Retail Opportunity Investments Corp. by 0.4% in the 1st 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 period. Daiwa Securities Group Inc. lifted its stake in shares of Retail Opportunity Investments Corp. by 31.3% in the 1st quarter. Daiwa Securities Group Inc. now owns 8,400 shares of the real estate investment trust’s stock worth $177,000 after acquiring an additional 2,000 shares during the period. Neuburgh Advisers LLC lifted its stake in shares of Retail Opportunity Investments Corp. by 0.4% in the 1st 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 period. Finally, Ameritas Investment Partners Inc. acquired a new stake in shares of Retail Opportunity Investments Corp. in the 1st quarter worth $195,000. Institutional investors own 94.92% of the company’s stock.

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Shares of Retail Opportunity Investments Corp. (ROIC) traded up 0.05% during mid-day trading on Friday, hitting $20.24. 262,094 shares of the company traded hands. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 62.66 and a beta of 0.69. The firm has a 50-day moving average price of $20.16 and a 200 day moving average price of $20.39. Retail Opportunity Investments Corp. has a 52-week low of $18.45 and a 52-week high of $22.64.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last posted its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.28 by $0.01. The company 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 business’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.27 EPS. Equities research analysts anticipate that Retail Opportunity Investments Corp. will post $0.33 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, September 14th will be issued a $0.188 dividend. The ex-dividend date of this dividend is Wednesday, September 13th. This represents a $0.75 annualized dividend and a yield of 3.72%. This is an increase from Retail Opportunity Investments Corp.’s previous quarterly dividend of $0.19. Retail Opportunity Investments Corp.’s dividend payout ratio is presently 227.28%.

ROIC has been the subject of several recent analyst reports. BidaskClub upgraded shares of Retail Opportunity Investments Corp. from a “sell” rating to a “hold” rating in a research note on Sunday, July 16th. 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. Citigroup Inc. restated a “neutral” rating and issued a $21.00 target price (down previously from $22.00) on shares of Retail Opportunity Investments Corp. in a research note on Tuesday, June 6th. Jefferies Group LLC restated a “buy” rating and issued a $26.00 target price on shares of Retail Opportunity Investments Corp. in a research note on Friday, May 12th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $23.00 target price on shares of Retail Opportunity Investments Corp. in a research note on Thursday, July 27th. Five research analysts have rated the stock with a hold rating and four have assigned 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. 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 Corp. (NASDAQ:ROIC)

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