Steward Partners Investment Advisory LLC bought a new position in shares of Retail Opportunity Investments Corp (NASDAQ:ROIC) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 13,959 shares of the real estate investment trust’s stock, valued at approximately $239,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in shares of Retail Opportunity Investments in the fourth quarter valued at $20,652,000. Centersquare Investment Management LLC bought a new position in shares of Retail Opportunity Investments in the first quarter valued at $19,668,000. Janus Henderson Group PLC bought a new position in shares of Retail Opportunity Investments in the first quarter valued at $9,049,000. Federated Investors Inc. PA lifted its stake in shares of Retail Opportunity Investments by 14.2% in the first quarter. Federated Investors Inc. PA now owns 3,060,003 shares of the real estate investment trust’s stock valued at $53,060,000 after buying an additional 379,498 shares in the last quarter. Finally, Deutsche Bank AG lifted its stake in shares of Retail Opportunity Investments by 113.7% in the fourth quarter. Deutsche Bank AG now owns 549,980 shares of the real estate investment trust’s stock valued at $8,731,000 after buying an additional 292,585 shares in the last quarter. 91.53% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research report on Wednesday, July 31st. BidaskClub upgraded shares of Retail Opportunity Investments from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 7th. BMO Capital Markets set a $18.00 price objective on shares of Retail Opportunity Investments and gave the stock a “hold” rating in a report on Wednesday, July 24th. ValuEngine upgraded shares of Retail Opportunity Investments from a “sell” rating to a “hold” rating in a report on Tuesday, July 9th. Finally, DA Davidson restated a “buy” rating on shares of Retail Opportunity Investments in a report on Monday, July 29th. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $18.00.

NASDAQ ROIC opened at $18.11 on Wednesday. Retail Opportunity Investments Corp has a 52-week low of $15.44 and a 52-week high of $19.80. The stock’s 50-day moving average is $17.74. The company has a debt-to-equity ratio of 1.16, a current ratio of 4.36 and a quick ratio of 4.36. The stock has a market capitalization of $2.10 billion, a P/E ratio of 15.89, a PEG ratio of 3.73 and a beta of 0.71.

Retail Opportunity Investments (NASDAQ:ROIC) last posted its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.02). Retail Opportunity Investments had a return on equity of 3.50% and a net margin of 15.28%. The company had revenue of $72.93 million for the quarter, compared to analysts’ expectations of $73.49 million. During the same quarter last year, the business posted $0.27 EPS. The business’s quarterly revenue was up .8% on a year-over-year basis. On average, research analysts predict that Retail Opportunity Investments Corp will post 1.13 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th will be paid a $0.197 dividend. The ex-dividend date is Wednesday, September 11th. This represents a $0.79 annualized dividend and a dividend yield of 4.35%. Retail Opportunity Investments’s payout ratio is 69.30%.

About Retail Opportunity Investments

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 March 31, 2019, ROIC owned 90 shopping centers encompassing approximately 10.3 million square feet.

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

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