SG Americas Securities LLC increased its holdings in Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 399.5% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 54,775 shares of the real estate investment trust’s stock after buying an additional 43,810 shares during the quarter. SG Americas Securities LLC’s holdings in Retail Opportunity Investments were worth $1,041,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Riverhead Capital Management LLC boosted its position in Retail Opportunity Investments by 55.9% in 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 during the last quarter. Daiwa Securities Group Inc. boosted its position in Retail Opportunity Investments by 15.5% in the second quarter. Daiwa Securities Group Inc. now owns 9,700 shares of the real estate investment trust’s stock worth $186,000 after purchasing an additional 1,300 shares during the last quarter. Shelton Capital Management boosted its position in Retail Opportunity Investments by 5.6% in the second quarter. Shelton Capital Management now owns 10,858 shares of the real estate investment trust’s stock worth $208,000 after purchasing an additional 579 shares during the last quarter. Flinton Capital Management LLC boosted its position in Retail Opportunity Investments by 56.4% in the second quarter. Flinton Capital Management LLC now owns 11,564 shares of the real estate investment trust’s stock worth $222,000 after purchasing an additional 4,172 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in Retail Opportunity Investments in the second quarter worth about $259,000. Institutional investors own 97.48% of the company’s stock.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) opened at $19.52 on Friday. Retail Opportunity Investments Corp. has a 12-month low of $17.87 and a 12-month high of $22.37. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.64 and a current ratio of 1.64. The firm has a market capitalization of $2,147.42, a PE ratio of 17.63, a PEG ratio of 2.55 and a beta of 0.68.

Retail Opportunity Investments (NASDAQ:ROIC) last posted its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.21). Retail Opportunity Investments had a net margin of 14.13% and a return on equity of 2.86%. The company had revenue of $67.97 million for the quarter, compared to analysts’ expectations of $68.34 million. During the same period in the previous year, the firm earned $0.26 earnings per share. The firm’s quarterly revenue was up 14.5% on a year-over-year basis. sell-side analysts predict that Retail Opportunity Investments Corp. will post 1.13 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, December 14th will be given a dividend of $0.188 per share. The ex-dividend date is Wednesday, December 13th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.85%. Retail Opportunity Investments’s payout ratio is currently 220.59%.

Several research analysts have issued reports on ROIC shares. Zacks Investment Research cut Retail Opportunity Investments from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Royal Bank Of Canada raised Retail Opportunity Investments from a “sector perform” rating to an “outperform” rating and set a $23.00 target price on the stock in a research report on Thursday, August 17th. Robert W. Baird reissued a “buy” rating and issued a $22.00 target price on shares of Retail Opportunity Investments in a research report on Thursday, August 24th. KeyCorp reissued a “hold” rating on shares of Retail Opportunity Investments in a research report on Friday, August 25th. Finally, Jefferies Group cut Retail Opportunity Investments from a “buy” rating to a “hold” rating and dropped their target price for the stock from $25.00 to $21.00 in a research report on Friday, September 15th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $22.00.

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About Retail Opportunity Investments

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 (NASDAQ:ROIC)

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