Loeb Partners Corp Has $1.65 Million Position in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Loeb Partners Corp raised its position in Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 13.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 86,200 shares of the real estate investment trust’s stock after buying an additional 10,000 shares during the period. Loeb Partners Corp owned approximately 0.08% of Retail Opportunity Investments Corp. worth $1,654,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Tyers Asset Management LLC increased its position 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 worth $122,000 after buying an additional 22 shares in the last quarter. Flinton Capital Management LLC increased its position 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 worth $155,000 after buying an additional 28 shares in the last quarter. Daiwa Securities Group Inc. increased its position 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 worth $177,000 after buying an additional 2,000 shares in the last quarter. Neuburgh Advisers LLC boosted its stake in shares of 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 worth $189,000 after buying an additional 34 shares during the last quarter. Finally, Ameritas Investment Partners Inc. purchased a new stake in shares of Retail Opportunity Investments Corp. during the first quarter worth about $195,000. Institutional investors own 98.26% of the company’s stock.

Shares of Retail Opportunity Investments Corp. (NASDAQ ROIC) opened at 19.73 on Friday. Retail Opportunity Investments Corp. has a 52-week low of $18.45 and a 52-week high of $22.98.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last posted its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.28 by $0.01. The firm had revenue of $66.64 million for the quarter, compared to the consensus estimate of $66.18 million. Retail Opportunity Investments Corp. had a return on equity of 2.71% and a net margin of 13.92%. The business’s revenue was up 13.6% on a year-over-year basis. During the same period last year, the company posted $0.27 EPS. On average, equities analysts expect that Retail Opportunity Investments Corp. will post $0.37 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, September 14th will be issued a $0.188 dividend. This is a positive change 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 dividend on an annualized basis and a dividend yield of 3.81%. Retail Opportunity Investments Corp.’s dividend payout ratio is presently 227.28%.

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ROIC has been the topic of a number of research analyst reports. Citigroup Inc. reaffirmed a “neutral” rating and issued a $21.00 target price (down from $22.00) on shares of Retail Opportunity Investments Corp. in a report on Tuesday, June 6th. Zacks Investment Research raised shares of Retail Opportunity Investments Corp. from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Wednesday, July 12th. Royal Bank Of Canada raised shares of Retail Opportunity Investments Corp. from a “sector perform” rating to an “outperform” rating and set a $23.00 price target on the stock in a report on Thursday. Jefferies Group LLC reissued a “buy” rating and issued a $26.00 price target on shares of Retail Opportunity Investments Corp. in a report on Wednesday, June 14th. Finally, TheStreet cut shares of Retail Opportunity Investments Corp. from a “b” rating to a “c+” rating in a report on Friday, April 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. Retail Opportunity Investments Corp. has an average rating of “Hold” and an average price target 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.

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

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