Schwab Charles Investment Management Inc. increased its position in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 7.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,097,810 shares of the real estate investment trust’s stock after purchasing an additional 75,869 shares during the quarter. Schwab Charles Investment Management Inc. owned 1.00% of Retail Opportunity Investments worth $20,870,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Riverhead Capital Management LLC lifted its holdings in shares of Retail Opportunity Investments 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 during the period. Daiwa Securities Group Inc. lifted its holdings in shares of Retail Opportunity Investments by 15.5% during 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 period. Shelton Capital Management lifted its holdings in shares of Retail Opportunity Investments by 5.6% during 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 period. SG Americas Securities LLC lifted its holdings in shares of Retail Opportunity Investments 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 during the period. Finally, Flinton Capital Management LLC lifted its holdings in shares of Retail Opportunity Investments by 56.4% during 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 period. 97.45% of the stock is owned by hedge funds and other institutional investors.

Retail Opportunity Investments Corp. (ROIC) opened at $19.87 on Monday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $2,180.34, a P/E ratio of 17.90, a P/E/G ratio of 2.58 and a beta of 0.68. Retail Opportunity Investments Corp. has a 12-month low of $17.87 and a 12-month high of $22.37.

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

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, December 14th will be given a dividend of $0.188 per share. This represents a $0.75 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend is Wednesday, December 13th. Retail Opportunity Investments’s dividend payout ratio is currently 220.59%.

A number of research firms recently commented on ROIC. KeyCorp reaffirmed a “neutral” rating on shares of Retail Opportunity Investments in a report on Tuesday, October 24th. Jefferies Group set a $20.00 target price on Retail Opportunity Investments and gave the stock a “hold” rating in a report on Tuesday, October 31st. Zacks Investment Research raised Retail Opportunity Investments from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Citigroup reduced their price target on Retail Opportunity Investments from $20.50 to $20.00 and set a “neutral” rating for the company in a research report on Monday, October 30th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $22.00 price target on shares of Retail Opportunity Investments in a research report on Monday, October 30th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Retail Opportunity Investments currently has a consensus rating of “Hold” and an average price target of $22.00.

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Retail Opportunity Investments 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 (NASDAQ:ROIC)

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