Eagle Asset Management Inc. reduced its stake in Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 3.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 836,290 shares of the real estate investment trust’s stock after selling 30,056 shares during the period. Eagle Asset Management Inc.’s holdings in Retail Opportunity Investments Corp. were worth $18,364,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Creative Planning raised its position in shares of Retail Opportunity Investments Corp. by 0.4% in the second quarter. Creative Planning now owns 5,434 shares of the real estate investment trust’s stock valued at $118,000 after buying an additional 19 shares during the last quarter. Invictus RG acquired a new position in shares of Retail Opportunity Investments Corp. during the second quarter valued at about $128,000. US Bancorp DE raised its position in shares of Retail Opportunity Investments Corp. by 65.3% in the second quarter. US Bancorp DE now owns 6,922 shares of the real estate investment trust’s stock valued at $150,000 after buying an additional 2,735 shares during the last quarter. Societe Generale acquired a new position in shares of Retail Opportunity Investments Corp. during the second quarter valued at about $160,000. Finally, Coldstream Capital Management Inc. acquired a new position in shares of Retail Opportunity Investments Corp. during the second quarter valued at about $205,000. Institutional investors own 90.75% of the company’s stock.

Institutional Ownership by Quarter for Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) traded up 0.96% during mid-day trading on Tuesday, hitting $21.05. 321,450 shares of the stock were exchanged. The stock’s 50 day moving average is $20.25 and its 200-day moving average is $21.26. The stock has a market cap of $2.30 billion, a PE ratio of 71.84 and a beta of 0.55. Retail Opportunity Investments Corp. has a 12 month low of $16.90 and a 12 month high of $23.05.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last released its quarterly earnings data on Tuesday, October 25th. The real estate investment trust reported $0.26 earnings per share for the quarter, meeting the consensus estimate of $0.26. The firm earned $59.40 million during the quarter, compared to the consensus estimate of $59.71 million. Retail Opportunity Investments Corp. had a return on equity of 2.49% and a net margin of 13.33%. The firm’s quarterly revenue was up 18.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.26 earnings per share. On average, analysts anticipate that Retail Opportunity Investments Corp. will post $1.06 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 29th. Investors of record on Thursday, December 15th will be issued a $0.18 dividend. The ex-dividend date is Tuesday, December 13th. This represents a $0.72 annualized dividend and a dividend yield of 3.46%. Retail Opportunity Investments Corp.’s payout ratio is currently 180.00%.

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Several brokerages recently issued reports on ROIC. Canaccord Genuity increased their price target on shares of Retail Opportunity Investments Corp. from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, August 25th. JPMorgan Chase & Co. reissued a “hold” rating on shares of Retail Opportunity Investments Corp. in a research report on Tuesday, August 9th. Citigroup Inc. increased their price objective on shares of Retail Opportunity Investments Corp. from $20.00 to $21.50 and gave the company a “neutral” rating in a research report on Monday, August 15th. FBR & Co reissued a “hold” rating on shares of Retail Opportunity Investments Corp. in a research report on Wednesday, October 26th. Finally, Zacks Investment Research raised shares of Retail Opportunity Investments Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, November 23rd. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $22.27.

About Retail Opportunity Investments Corp.

Retail Opportunity Investments Corp. is an integrated, self-managed real estate investment trust (REIT). The Company’s primary business is the ownership, management and redevelopment of retail real estate properties. 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.

5 Day Chart for NASDAQ:ROIC

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