Friedberg Investment Management lowered its position in Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 5.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 182,267 shares of the real estate investment trust’s stock after selling 11,199 shares during the quarter. Retail Opportunity Investments Corp. accounts for approximately 1.5% of Friedberg Investment Management’s holdings, making the stock its 26th biggest holding. Friedberg Investment Management’s holdings in Retail Opportunity Investments Corp. were worth $3,498,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Cubist Systematic Strategies LLC acquired a new stake in shares of Retail Opportunity Investments Corp. in the 2nd quarter valued at about $259,000. State Street Corp raised its stake in shares of Retail Opportunity Investments Corp. by 2.5% in the 2nd quarter. State Street Corp now owns 4,190,488 shares of the real estate investment trust’s stock valued at $80,416,000 after purchasing an additional 100,593 shares in the last quarter. Adelante Capital Management LLC raised its stake in shares of Retail Opportunity Investments Corp. by 1.5% in the 2nd quarter. Adelante Capital Management LLC now owns 1,100,951 shares of the real estate investment trust’s stock valued at $21,128,000 after purchasing an additional 16,803 shares in the last quarter. Shelton Capital Management raised its stake in shares of Retail Opportunity Investments Corp. by 5.6% in the 2nd quarter. Shelton Capital Management now owns 10,858 shares of the real estate investment trust’s stock valued at $208,000 after purchasing an additional 579 shares in the last quarter. Finally, Macquarie Group Ltd. raised its stake in shares of Retail Opportunity Investments Corp. by 36.7% in the 2nd quarter. Macquarie Group Ltd. now owns 33,900 shares of the real estate investment trust’s stock valued at $651,000 after purchasing an additional 9,100 shares in the last quarter. Hedge funds and other institutional investors own 94.92% of the company’s stock.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Retail Opportunity Investments Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. KeyCorp restated a “hold” rating on shares of Retail Opportunity Investments Corp. in a research note on Sunday, September 24th. 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 target price on the stock in a research note on Thursday, August 17th. 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 Wednesday, June 14th. Finally, Citigroup Inc. reiterated a “neutral” rating and set a $19.00 price objective (down previously from $21.00) on shares of Retail Opportunity Investments Corp. in a research note on Monday, July 10th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $22.14.

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Retail Opportunity Investments Corp. (NASDAQ:ROIC) traded down 0.68% during midday trading on Friday, reaching $18.95. 902,701 shares of the company traded hands. Retail Opportunity Investments Corp. has a 12 month low of $18.45 and a 12 month high of $22.37.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last announced 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 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 firm had revenue of $66.64 million for the quarter, compared to the consensus estimate of $66.18 million. During the same period in the prior year, the business earned $0.27 earnings per share. The company’s revenue for the quarter was up 13.6% on a year-over-year basis. Equities research analysts expect that Retail Opportunity Investments Corp. will post $0.35 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, September 28th. Investors of record on Thursday, September 14th were issued a dividend of $0.188 per share. This is an increase from Retail Opportunity Investments Corp.’s previous quarterly dividend of $0.19. This represents a $0.75 annualized dividend and a yield of 3.97%. The ex-dividend date was Wednesday, September 13th. Retail Opportunity Investments Corp.’s dividend payout ratio (DPR) is currently 227.28%.

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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