TD Asset Management Inc. boosted its position in Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 7.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,000 shares of the real estate investment trust’s stock after buying an additional 4,200 shares during the period. TD Asset Management Inc.’s holdings in Retail Opportunity Investments Corp. were worth $1,151,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Suntrust Banks Inc. bought a new position in shares of Retail Opportunity Investments Corp. during the first quarter valued at approximately $1,573,000. Bank of New York Mellon Corp raised its position in shares of Retail Opportunity Investments Corp. by 3.3% in the first quarter. Bank of New York Mellon Corp now owns 2,041,838 shares of the real estate investment trust’s stock valued at $42,939,000 after buying an additional 64,874 shares in the last quarter. Princeton Alpha Management LP bought a new position in shares of Retail Opportunity Investments Corp. during the first quarter valued at approximately $604,000. Daiwa Securities Group Inc. raised its position in shares of Retail Opportunity Investments Corp. by 31.3% in the first quarter. Daiwa Securities Group Inc. now owns 8,400 shares of the real estate investment trust’s stock valued at $177,000 after buying an additional 2,000 shares in the last quarter. Finally, Flinton Capital Management LLC raised its position in shares of Retail Opportunity Investments Corp. by 0.4% in the first quarter. Flinton Capital Management LLC now owns 7,392 shares of the real estate investment trust’s stock valued at $155,000 after buying an additional 28 shares in the last quarter. Hedge funds and other institutional investors own 94.92% of the company’s stock.

Shares of Retail Opportunity Investments Corp. (NASDAQ ROIC) opened at 20.21 on Monday. Retail Opportunity Investments Corp. has a 12-month low of $18.45 and a 12-month high of $22.98.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last issued its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.28 by $0.01. Retail Opportunity Investments Corp. had a return on equity of 2.71% and a net margin of 13.92%. The company had revenue of $66.64 million during the quarter, compared to analyst estimates of $66.18 million. During the same period in the previous year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 13.6% on a year-over-year basis. Equities research analysts expect that Retail Opportunity Investments Corp. will post $0.33 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, September 14th will be issued a $0.188 dividend. The ex-dividend date is Wednesday, September 13th. This is a boost from Retail Opportunity Investments Corp.’s previous quarterly dividend of $0.19. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.72%. Retail Opportunity Investments Corp.’s dividend payout ratio is presently 227.28%.

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Several equities analysts have commented 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 Wednesday, August 23rd. KeyCorp reiterated a “hold” rating on shares of Retail Opportunity Investments Corp. in a research note on Friday. 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 price target on the stock in a research note on Thursday, August 17th. Robert W. Baird reiterated a “buy” rating and issued a $22.00 price target on shares of Retail Opportunity Investments Corp. in a research note on Thursday. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $26.00 price target on shares of Retail Opportunity Investments Corp. in a research note on Wednesday, June 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. Retail Opportunity Investments Corp. presently has an average rating of “Hold” and an average target price of $22.71.

About Retail Opportunity Investments Corp.

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 Corp. (NASDAQ:ROIC)

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