Fort Washington Investment Advisors Inc. OH grew its stake in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 17.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,431 shares of the real estate investment trust’s stock after purchasing an additional 7,500 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Retail Opportunity Investments Corp. were worth $949,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Riverhead Capital Management LLC raised its holdings in Retail Opportunity Investments Corp. by 55.9% during the second quarter. Riverhead Capital Management LLC now owns 7,327 shares of the real estate investment trust’s stock worth $141,000 after purchasing an additional 2,627 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in Retail Opportunity Investments Corp. by 31.3% during the first quarter. Daiwa Securities Group Inc. now owns 8,400 shares of the real estate investment trust’s stock worth $177,000 after purchasing an additional 2,000 shares in the last quarter. Neuburgh Advisers LLC raised its holdings in Retail Opportunity Investments Corp. by 0.4% during the first quarter. Neuburgh Advisers LLC now owns 8,976 shares of the real estate investment trust’s stock worth $189,000 after purchasing an additional 34 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new stake in Retail Opportunity Investments Corp. during the first quarter worth approximately $195,000. Finally, SG Americas Securities LLC raised its holdings in Retail Opportunity Investments Corp. by 77.6% during the second quarter. SG Americas Securities LLC now owns 10,965 shares of the real estate investment trust’s stock worth $210,000 after purchasing an additional 4,790 shares in the last quarter. 94.92% of the stock is currently owned by institutional investors.

A number of analysts have weighed in on ROIC shares. Jefferies Group LLC reissued a “buy” rating and set a $26.00 price objective on shares of Retail Opportunity Investments Corp. in a report on Wednesday, June 14th. Zacks Investment Research raised shares of Retail Opportunity Investments Corp. from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Wednesday, July 12th. Robert W. Baird reaffirmed a “buy” rating and issued a $22.00 target price on shares of Retail Opportunity Investments Corp. in a report on Thursday, August 24th. KeyCorp reaffirmed a “hold” rating on shares of Retail Opportunity Investments Corp. in a report on Friday, August 25th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $23.00 target price on shares of Retail Opportunity Investments Corp. in a report on Thursday, July 27th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $22.14.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) opened at 19.84 on Friday. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 61.42 and a beta of 0.69. Retail Opportunity Investments Corp. has a 52-week low of $18.45 and a 52-week high of $22.63. The company has a 50-day moving average of $20.09 and a 200-day moving average of $20.32.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last posted its quarterly 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). The firm had revenue of $66.64 million for the quarter, compared to analyst estimates of $66.18 million. Retail Opportunity Investments Corp. had a net margin of 13.92% and a return on equity of 2.71%. The business’s revenue was up 13.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.27 earnings per share. 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 $0.188 dividend. 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 annualized dividend and a yield of 3.79%. Retail Opportunity Investments Corp.’s dividend payout ratio (DPR) is currently 227.28%.

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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.

Institutional Ownership by Quarter for Retail Opportunity Investments Corp. (NASDAQ:ROIC)

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