Copeland Capital Management LLC boosted its position in Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 26.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 739,063 shares of the real estate investment trust’s stock after buying an additional 152,578 shares during the period. Copeland Capital Management LLC’s holdings in Retail Opportunity Investments Corp. were worth $14,183,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the company. Tyers Asset Management LLC raised its stake in Retail Opportunity Investments Corp. by 0.4% in the first quarter. Tyers Asset Management LLC now owns 5,808 shares of the real estate investment trust’s stock valued at $122,000 after buying an additional 22 shares during the last quarter. Flinton Capital Management LLC raised its stake in 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 during the last quarter. Daiwa Securities Group Inc. raised its stake in 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 during the last quarter. Neuburgh Advisers LLC raised its stake in Retail Opportunity Investments Corp. by 0.4% in the first quarter. Neuburgh Advisers LLC now owns 8,976 shares of the real estate investment trust’s stock valued at $189,000 after buying an additional 34 shares during the last quarter. Finally, Ameritas Investment Partners Inc. purchased a new stake in Retail Opportunity Investments Corp. during the first quarter valued at about $195,000. Institutional investors own 96.58% of the company’s stock.
Retail Opportunity Investments Corp. (NASDAQ:ROIC) traded up 1.14% on Friday, hitting $20.33. The stock had a trading volume of 587,898 shares. The company has a market capitalization of $2.23 billion, a P/E ratio of 62.94 and a beta of 0.69. 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 released its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.28 by $0.01. Retail Opportunity Investments Corp. had a net margin of 13.92% and a return on equity of 2.71%. The firm had revenue of $66.64 million during the quarter, compared to analysts’ expectations of $66.18 million. During the same period in the previous year, the business earned $0.27 earnings per share. The business’s revenue for the quarter was up 13.6% on a year-over-year basis. Analysts predict that Retail Opportunity Investments Corp. will post $0.36 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, September 14th will be given a dividend of $0.188 per share. This is an increase from Retail Opportunity Investments Corp.’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Wednesday, September 13th. This represents a $0.75 annualized dividend and a yield of 3.70%. Retail Opportunity Investments Corp.’s dividend payout ratio (DPR) is presently 227.28%.
Several research firms recently issued reports on ROIC. Royal Bank Of Canada reissued a “hold” rating and issued a $23.00 target price on shares of Retail Opportunity Investments Corp. in a report on Thursday, July 27th. Jefferies Group LLC reissued a “buy” rating and issued a $25.00 target price on shares of Retail Opportunity Investments Corp. in a report on Tuesday, July 25th. Zacks Investment Research lowered shares of Retail Opportunity Investments Corp. from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. Citigroup Inc. restated a “neutral” rating and issued a $19.00 price target (down from $21.00) on shares of Retail Opportunity Investments Corp. in a research note on Monday, July 10th. Finally, BidaskClub upgraded Retail Opportunity Investments Corp. from a “sell” rating to a “hold” rating in a research note on Sunday, July 16th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $23.14.
Retail Opportunity Investments Corp. 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.
Receive News & Ratings for Retail Opportunity Investments Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Retail Opportunity Investments Corp. and related companies with MarketBeat.com's FREE daily email newsletter.
