Retail Opportunity Investments Corp. (ROIC) Holdings Lifted by D.A. Davidson & CO.

D.A. Davidson & CO. increased its holdings in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 16.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 77,714 shares of the real estate investment trust’s stock after acquiring an additional 10,995 shares during the period. D.A. Davidson & CO. owned approximately 0.07% of Retail Opportunity Investments worth $1,477,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Louisiana State Employees Retirement System raised its position in shares of Retail Opportunity Investments by 0.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 44,700 shares of the real estate investment trust’s stock valued at $858,000 after buying an additional 200 shares during the period. Pinebridge Investments L.P. raised its position in shares of Retail Opportunity Investments by 1.4% during the 2nd quarter. Pinebridge Investments L.P. now owns 14,458 shares of the real estate investment trust’s stock valued at $277,000 after buying an additional 201 shares during the period. Arizona State Retirement System raised its position in shares of Retail Opportunity Investments by 0.5% during the 2nd quarter. Arizona State Retirement System now owns 57,225 shares of the real estate investment trust’s stock valued at $1,098,000 after buying an additional 300 shares during the period. Amalgamated Bank increased its holdings in Retail Opportunity Investments by 2.2% in the 2nd quarter. Amalgamated Bank now owns 14,651 shares of the real estate investment trust’s stock valued at $281,000 after purchasing an additional 312 shares during the last quarter. Finally, Shelton Capital Management increased its holdings in Retail Opportunity Investments by 5.6% in the 2nd quarter. Shelton Capital Management now owns 10,858 shares of the real estate investment trust’s stock valued at $208,000 after purchasing an additional 579 shares during the last quarter. Hedge funds and other institutional investors own 97.46% of the company’s stock.

A number of brokerages recently commented on ROIC. Zacks Investment Research downgraded shares of Retail Opportunity Investments from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Royal Bank Of Canada raised shares of Retail Opportunity Investments 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. KeyCorp reaffirmed a “hold” rating on shares of Retail Opportunity Investments in a report on Friday, August 25th. Robert W. Baird reaffirmed a “buy” rating and issued a $22.00 target price on shares of Retail Opportunity Investments in a report on Thursday, August 24th. Finally, Jefferies Group lowered shares of Retail Opportunity Investments from a “buy” rating to a “hold” rating and dropped their price target for the stock from $25.00 to $21.00 in a research note on Friday, September 15th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $22.00.

Retail Opportunity Investments Corp. (NASDAQ ROIC) opened at $19.84 on Tuesday. 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 stock has a market cap of $2,141.93, a P/E ratio of 17.59, a P/E/G ratio of 2.54 and a beta of 0.68. Retail Opportunity Investments Corp. has a one year low of $17.87 and a one year high of $22.37.

Retail Opportunity Investments (NASDAQ:ROIC) last posted its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the Zacks’ 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 company had revenue of $67.97 million for the quarter, compared to analysts’ expectations of $68.34 million. During the same period in the prior year, the business earned $0.26 EPS. The business’s revenue for the quarter was up 14.5% on a year-over-year basis. research analysts forecast that Retail Opportunity Investments Corp. will post 1.13 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, December 14th will be paid a $0.188 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date of this dividend is Wednesday, December 13th. Retail Opportunity Investments’s dividend payout ratio is presently 220.59%.

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Retail Opportunity Investments Company 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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