Dimensional Fund Advisors LP Increases Position in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Dimensional Fund Advisors LP raised its stake in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 10.2% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 1,515,881 shares of the real estate investment trust’s stock after buying an additional 140,609 shares during the period. Dimensional Fund Advisors LP owned about 1.38% of Retail Opportunity Investments Corp. worth $31,878,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. RidgeWorth Capital Management LLC purchased a new stake in shares of Retail Opportunity Investments Corp. during the first quarter valued at approximately $67,315,000. Hermes Investment Management Ltd. boosted its stake in shares of Retail Opportunity Investments Corp. by 1.8% in the first quarter. Hermes Investment Management Ltd. now owns 2,051,014 shares of the real estate investment trust’s stock worth $43,133,000 after buying an additional 36,627 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Retail Opportunity Investments Corp. by 3.3% in the first quarter. Bank of New York Mellon Corp now owns 2,041,838 shares of the real estate investment trust’s stock worth $42,939,000 after buying an additional 64,874 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of Retail Opportunity Investments Corp. by 14.6% in the first quarter. Teachers Advisors LLC now owns 1,647,327 shares of the real estate investment trust’s stock worth $34,643,000 after buying an additional 210,369 shares during the last quarter. Finally, First Foundation Advisors boosted its stake in shares of Retail Opportunity Investments Corp. by 15.7% in the first quarter. First Foundation Advisors now owns 1,223,010 shares of the real estate investment trust’s stock worth $25,720,000 after buying an additional 165,908 shares during the last quarter. 98.26% of the stock is currently owned by institutional investors.

Retail Opportunity Investments Corp. (ROIC) opened at 19.73 on Friday. 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 issued its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by $0.01. Retail Opportunity Investments Corp. had a return on equity of 2.71% and a net margin of 13.92%. The company had revenue of $66.64 million during the quarter, compared to the consensus estimate of $66.18 million. During the same period in the prior year, the firm earned $0.27 earnings per share. The business’s revenue for the quarter was up 13.6% compared to the same quarter last year. Equities analysts forecast that Retail Opportunity Investments Corp. will post $0.37 earnings per share for the current fiscal 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 given a $0.188 dividend. This is a boost from Retail Opportunity Investments Corp.’s previous quarterly dividend of $0.19. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date is Wednesday, September 13th. Retail Opportunity Investments Corp.’s payout ratio is currently 227.28%.

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A number of brokerages have issued reports on ROIC. Royal Bank Of Canada raised Retail Opportunity Investments Corp. from a “sector perform” rating to an “outperform” rating and set a $23.00 target price for the company in a research report on Thursday. Zacks Investment Research lowered Retail Opportunity Investments Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Jefferies Group LLC restated a “buy” rating and issued a $25.00 target price on shares of Retail Opportunity Investments Corp. in a research note on Tuesday, July 25th. BidaskClub upgraded Retail Opportunity Investments Corp. from a “sell” rating to a “hold” rating in a research note on Sunday, July 16th. Finally, Citigroup Inc. reiterated a “neutral” rating and issued a $19.00 price target (down from $21.00) on shares of Retail Opportunity Investments Corp. in a research report on Monday, July 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $23.14.

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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