GAM Holding AG cut its position in Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 0.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,028 shares of the real estate investment trust’s stock after selling 29 shares during the period. GAM Holding AG’s holdings in Retail Opportunity Investments Corp. were worth $173,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Wells Fargo & Company MN grew its holdings in Retail Opportunity Investments Corp. by 11.1% during the first quarter. Wells Fargo & Company MN now owns 221,135 shares of the real estate investment trust’s stock worth $4,651,000 after acquiring an additional 22,019 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in Retail Opportunity Investments Corp. by 1.1% during 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 period. Great West Life Assurance Co. Can grew its holdings in Retail Opportunity Investments Corp. by 4.7% during the first quarter. Great West Life Assurance Co. Can now owns 206,941 shares of the real estate investment trust’s stock worth $4,349,000 after acquiring an additional 9,302 shares during the period. Tyers Asset Management LLC grew its holdings in Retail Opportunity Investments Corp. by 0.4% during 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 period. Finally, Flinton Capital Management LLC grew its holdings in Retail Opportunity Investments Corp. by 0.4% during 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 period. 94.92% of the stock is currently owned by institutional investors and hedge funds.

Retail Opportunity Investments Corp. (ROIC) opened at 20.07 on Friday. Retail Opportunity Investments Corp. has a 12 month low of $18.45 and a 12 month high of $22.63. The stock has a market cap of $2.20 billion, a P/E ratio of 62.14 and a beta of 0.69. The firm’s 50-day moving average price is $20.15 and its 200-day moving average price is $20.39.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last released its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by $0.01. Retail Opportunity Investments Corp. had a return on equity of 2.71% and a net margin of 13.92%. The business had revenue of $66.64 million for the quarter, compared to analyst estimates of $66.18 million. During the same quarter in the previous year, the firm posted $0.27 EPS. The business’s revenue for the quarter was up 13.6% on a year-over-year basis. On average, analysts predict 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. Shareholders of record on Thursday, September 14th will be given a dividend of $0.188 per share. This is a boost from Retail Opportunity Investments Corp.’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Wednesday, September 13th. This represents a $0.75 annualized dividend and a yield of 3.75%. Retail Opportunity Investments Corp.’s payout ratio is presently 227.28%.

Several research firms recently commented on ROIC. Zacks Investment Research lowered Retail Opportunity Investments Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. KeyCorp reaffirmed a “hold” rating on shares of Retail Opportunity Investments Corp. in a report on Friday, August 25th. Royal Bank Of Canada raised Retail Opportunity Investments Corp. from a “sector perform” rating to an “outperform” rating and set a $23.00 target price on the stock in a report on Thursday, August 17th. Robert W. Baird reaffirmed a “buy” rating and set a $22.00 target price on shares of Retail Opportunity Investments Corp. in a report on Thursday, August 24th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $26.00 target price on shares of Retail Opportunity Investments Corp. in a report on Wednesday, June 14th. Five equities 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 a consensus rating of “Hold” and an average price target of $22.71.

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About Retail Opportunity Investments Corp.

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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