Wells Fargo & Company MN boosted its stake in Retail Opportunity Investments Corp (NASDAQ:ROIC) by 28.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 624,633 shares of the real estate investment trust’s stock after purchasing an additional 137,034 shares during the period. Wells Fargo & Company MN owned about 0.57% of Retail Opportunity Investments worth $11,874,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. BlackRock Inc. lifted its stake in Retail Opportunity Investments by 2.0% in the 2nd quarter. BlackRock Inc. now owns 17,311,892 shares of the real estate investment trust’s stock valued at $332,216,000 after purchasing an additional 344,463 shares during the last quarter. State Street Corp increased its position in Retail Opportunity Investments by 2.5% in the 2nd quarter. State Street Corp now owns 4,190,488 shares of the real estate investment trust’s stock valued at $80,416,000 after acquiring an additional 100,593 shares during the period. Thompson Siegel & Walmsley LLC increased its position in Retail Opportunity Investments by 3.2% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 2,351,274 shares of the real estate investment trust’s stock valued at $44,698,000 after acquiring an additional 73,601 shares during the period. Hermes Investment Management Ltd. increased its position in Retail Opportunity Investments by 7.3% in the 3rd quarter. Hermes Investment Management Ltd. now owns 2,006,000 shares of the real estate investment trust’s stock valued at $38,134,000 after acquiring an additional 135,866 shares during the period. Finally, Deprince Race & Zollo Inc. increased its position in Retail Opportunity Investments by 11.9% in the 3rd quarter. Deprince Race & Zollo Inc. now owns 1,901,346 shares of the real estate investment trust’s stock valued at $36,145,000 after acquiring an additional 202,635 shares during the period. 97.38% of the stock is owned by institutional investors and hedge funds.

Shares of Retail Opportunity Investments Corp (ROIC) opened at $19.32 on Monday. Retail Opportunity Investments Corp has a 12-month low of $17.87 and a 12-month high of $22.37. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.64 and a current ratio of 1.64. The firm has a market cap of $2,120.00, a price-to-earnings ratio of 62.32, a PEG ratio of 2.50 and a beta of 0.68.

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

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders 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 dividend yield of 3.89%. The ex-dividend date is Wednesday, December 13th. Retail Opportunity Investments’s dividend payout ratio (DPR) is presently 241.94%.

ROIC has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. Jefferies Group cut shares of Retail Opportunity Investments from a “buy” rating to a “hold” rating and decreased their price target for the company from $25.00 to $21.00 in a research report on Friday, September 15th. KeyCorp restated a “hold” rating on shares of Retail Opportunity Investments in a research report on Sunday, September 24th. FBR & Co set a $23.00 price target on shares of Retail Opportunity Investments and gave the company a “hold” rating in a research report on Wednesday, October 11th. Finally, Citigroup decreased their price target on shares of 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. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Retail Opportunity Investments has an average rating of “Hold” and a consensus 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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