Parametric Portfolio Associates LLC cut its stake in Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 2.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 181,658 shares of the real estate investment trust’s stock after selling 5,012 shares during the period. Parametric Portfolio Associates LLC owned about 0.17% of Retail Opportunity Investments Corp. worth $3,486,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Suntrust Banks Inc. lifted its position in Retail Opportunity Investments Corp. by 23.0% in the second quarter. Suntrust Banks Inc. now owns 91,977 shares of the real estate investment trust’s stock valued at $1,764,000 after acquiring an additional 17,169 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Retail Opportunity Investments Corp. in the second quarter valued at $2,185,000. Sorin Capital Management LLC purchased a new stake in Retail Opportunity Investments Corp. in the second quarter valued at $4,897,000. California Public Employees Retirement System lifted its position in Retail Opportunity Investments Corp. by 1.9% in the second quarter. California Public Employees Retirement System now owns 179,500 shares of the real estate investment trust’s stock valued at $3,445,000 after acquiring an additional 3,400 shares during the last quarter. Finally, Northern Trust Corp lifted its position in Retail Opportunity Investments Corp. by 3.1% in the second quarter. Northern Trust Corp now owns 1,875,680 shares of the real estate investment trust’s stock valued at $35,995,000 after acquiring an additional 56,593 shares during the last quarter. 94.87% of the stock is owned by hedge funds and other institutional investors.

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Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) opened at 17.98 on Wednesday. Retail Opportunity Investments Corp. has a one year low of $17.87 and a one year high of $22.37.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last posted its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.21). Retail Opportunity Investments Corp. had a return on equity of 2.86% and a net margin of 14.13%. The business had revenue of $67.97 million during the quarter, compared to the consensus estimate of $68.34 million. During the same quarter in the previous year, the business posted $0.26 earnings per share. The company’s quarterly revenue was up 14.5% compared to the same quarter last year. Analysts anticipate that Retail Opportunity Investments Corp. will post $0.34 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, December 14th will be given a $0.188 dividend. The ex-dividend date of this dividend is Wednesday, December 13th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 4.18%. Retail Opportunity Investments Corp.’s payout ratio is currently 220.59%.

A number of equities research analysts recently weighed in on ROIC shares. KeyCorp reissued a “hold” rating on shares of Retail Opportunity Investments Corp. in a research report on Friday, August 25th. Zacks Investment Research raised shares of Retail Opportunity Investments Corp. from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research report on Wednesday, July 12th. Royal Bank Of Canada raised shares of Retail Opportunity Investments Corp. from a “sector perform” rating to an “outperform” rating and set a $23.00 price target for the company in a research report on Thursday, August 17th. Citigroup Inc. reissued a “neutral” rating and issued a $19.00 price target (down from $21.00) on shares of Retail Opportunity Investments Corp. in a research report on Monday, July 10th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $22.00 target price on shares of Retail Opportunity Investments Corp. in a report on Thursday, August 24th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $22.00.

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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