Retail Opportunity Investments Corp. (NASDAQ:ROIC) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System cut its position in Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 9.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 191,935 shares of the real estate investment trust’s stock after selling 19,954 shares during the period. California State Teachers Retirement System’s holdings in Retail Opportunity Investments Corp. were worth $3,683,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Deprince Race & Zollo Inc. acquired a new position in Retail Opportunity Investments Corp. during the second quarter worth $32,598,000. Thompson Siegel & Walmsley LLC boosted its stake in Retail Opportunity Investments Corp. by 49.2% during the second quarter. Thompson Siegel & Walmsley LLC now owns 2,277,673 shares of the real estate investment trust’s stock worth $43,709,000 after buying an additional 750,851 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Retail Opportunity Investments Corp. by 206.0% during the second quarter. Russell Investments Group Ltd. now owns 1,023,235 shares of the real estate investment trust’s stock worth $19,635,000 after buying an additional 688,874 shares during the last quarter. Jennison Associates LLC boosted its stake in Retail Opportunity Investments Corp. by 52.4% during the second quarter. Jennison Associates LLC now owns 1,281,342 shares of the real estate investment trust’s stock worth $24,589,000 after buying an additional 440,421 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in Retail Opportunity Investments Corp. by 2.0% during the second quarter. BlackRock Inc. now owns 17,311,892 shares of the real estate investment trust’s stock worth $332,216,000 after buying an additional 344,463 shares during the last quarter. 96.01% of the stock is currently owned by hedge funds and other institutional investors.

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A number of research firms have weighed in on ROIC. Zacks Investment Research lowered Retail Opportunity Investments Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Citigroup Inc. lowered their price objective on Retail Opportunity Investments Corp. from $20.50 to $20.00 and set a “neutral” rating on the stock in a research note on Monday, October 30th. KeyCorp reissued a “hold” rating on shares of Retail Opportunity Investments Corp. in a research note on Sunday, September 24th. Royal Bank Of Canada upgraded Retail Opportunity Investments Corp. from a “sector perform” rating to an “outperform” rating and set a $23.00 target price on the stock in a research report on Thursday, August 17th. Finally, FBR & Co set a $23.00 target price on Retail Opportunity Investments Corp. and gave the company a “hold” rating in a research report on Wednesday, October 11th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Retail Opportunity Investments Corp. currently has an average rating of “Hold” and a consensus target price of $22.00.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) traded up $0.15 during trading hours on Tuesday, reaching $19.73. The company’s stock had a trading volume of 806,888 shares, compared to its average volume of 900,188. 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 current ratio of 1.64 and a quick ratio of 1.64. The stock has a market capitalization of $2,150.00, a P/E ratio of 17.61, a P/E/G ratio of 2.54 and a beta of 0.66.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last posted its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.21). The firm had revenue of $67.97 million during the quarter, compared to analysts’ expectations of $68.34 million. Retail Opportunity Investments Corp. had a net margin of 14.13% and a return on equity of 2.86%. Retail Opportunity Investments Corp.’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.26 EPS. equities analysts expect 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. Investors of record on Thursday, December 14th will be issued a $0.188 dividend. The ex-dividend date of this dividend is Wednesday, December 13th. This represents a $0.75 annualized dividend and a dividend yield of 3.81%. Retail Opportunity Investments Corp.’s dividend payout ratio is presently 241.94%.

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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