Sei Investments Co. lessened its stake in Retail Opportunity Investments Corp (NASDAQ:ROIC) by 5.6% in the 2nd quarter, Holdings Channel reports. The firm owned 81,189 shares of the real estate investment trust’s stock after selling 4,778 shares during the period. Sei Investments Co.’s holdings in Retail Opportunity Investments were worth $1,556,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. State of Alaska Department of Revenue raised its position in Retail Opportunity Investments by 6.4% in the 2nd quarter. State of Alaska Department of Revenue now owns 50,600 shares of the real estate investment trust’s stock worth $968,000 after purchasing an additional 3,029 shares during the last quarter. Daiwa Securities Group Inc. raised its position in Retail Opportunity Investments by 27.8% in the 1st quarter. Daiwa Securities Group Inc. now owns 14,700 shares of the real estate investment trust’s stock worth $260,000 after purchasing an additional 3,200 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its position in Retail Opportunity Investments by 8.1% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 44,900 shares of the real estate investment trust’s stock worth $793,000 after purchasing an additional 3,370 shares during the last quarter. California Public Employees Retirement System raised its position in Retail Opportunity Investments by 2.2% in the 1st quarter. California Public Employees Retirement System now owns 192,291 shares of the real estate investment trust’s stock worth $3,398,000 after purchasing an additional 4,055 shares during the last quarter. Finally, New York State Common Retirement Fund raised its position in Retail Opportunity Investments by 3.6% in the 1st quarter. New York State Common Retirement Fund now owns 118,800 shares of the real estate investment trust’s stock worth $2,099,000 after purchasing an additional 4,100 shares during the last quarter.

Several research analysts recently weighed in on ROIC shares. ValuEngine cut shares of Retail Opportunity Investments from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. JPMorgan Chase & Co. cut shares of Retail Opportunity Investments from a “neutral” rating to an “underweight” rating in a research report on Friday, June 15th. BidaskClub upgraded shares of Retail Opportunity Investments from a “strong sell” rating to a “sell” rating in a research report on Friday, June 15th. Zacks Investment Research upgraded shares of Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research report on Thursday, August 16th. Finally, Capital One Financial cut shares of Retail Opportunity Investments from an “overweight” rating to an “equal weight” rating in a research report on Thursday, July 26th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. Retail Opportunity Investments presently has an average rating of “Hold” and an average price target of $19.64.

Shares of Retail Opportunity Investments stock opened at $19.36 on Friday. The firm has a market cap of $2.21 billion, a price-to-earnings ratio of 17.06, a price-to-earnings-growth ratio of 2.76 and a beta of 0.56. Retail Opportunity Investments Corp has a 52 week low of $16.17 and a 52 week high of $20.27. The company has a debt-to-equity ratio of 1.17, a current ratio of 3.74 and a quick ratio of 3.74.

Retail Opportunity Investments (NASDAQ:ROIC) last issued its earnings results on Wednesday, July 25th. The real estate investment trust reported $0.06 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.23). The business had revenue of $72.34 million for the quarter, compared to the consensus estimate of $73.23 million. Retail Opportunity Investments had a net margin of 13.23% and a return on equity of 2.90%. The business’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.27 EPS. sell-side analysts forecast that Retail Opportunity Investments Corp will post 1.16 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 27th. Shareholders of record on Thursday, September 13th will be given a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 4.03%. The ex-dividend date of this dividend is Wednesday, September 12th. Retail Opportunity Investments’s payout ratio is 68.42%.

Retail Opportunity Investments Profile

Retail Opportunity Investments Corp. (NASDAQ:ROIC), is a fully-integrated, self-managed real estate investment trust (REIT) that specializes in the acquisition, ownership and management of grocery-anchored shopping centers located in densely-populated, metropolitan markets across the West Coast. As of June 30, 2018, ROIC owned 92 shopping centers encompassing approximately 10.6 million square feet.

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

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