State of New Jersey Common Pension Fund D Continues to Hold Position in Retail Opportunity Investments Corp. (ROIC)

State of New Jersey Common Pension Fund D held its stake in Retail Opportunity Investments Corp. (NASDAQ:ROIC) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 750,000 shares of the real estate investment trust’s stock at the end of the second quarter. State of New Jersey Common Pension Fund D owned 0.68% of Retail Opportunity Investments Corp. worth $14,392,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Tyers Asset Management LLC boosted 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 worth $122,000 after buying an additional 22 shares during the last quarter. Flinton Capital Management LLC boosted 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 worth $155,000 after buying an additional 28 shares during the last quarter. Neuburgh Advisers LLC boosted 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 worth $189,000 after buying an additional 34 shares during the last quarter. Nicholas Hoffman & Company LLC. raised its position in shares of Retail Opportunity Investments Corp. by 0.9% in the first quarter. Nicholas Hoffman & Company LLC. now owns 10,857 shares of the real estate investment trust’s stock worth $228,000 after buying an additional 96 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Retail Opportunity Investments Corp. by 1.1% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 16,985 shares of the real estate investment trust’s stock worth $357,000 after buying an additional 180 shares during the period. 98.26% of the stock is owned by hedge funds and other institutional investors.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) traded down 1.55% during midday trading on Friday, reaching $19.73. The company had a trading volume of 729,308 shares. The firm’s 50 day moving average is $19.95 and its 200 day moving average is $20.49. Retail Opportunity Investments Corp. has a 1-year low of $18.45 and a 1-year high of $22.98.

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

The firm 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. The ex-dividend date is Wednesday, September 13th. This is a positive change from Retail Opportunity Investments Corp.’s previous quarterly dividend of $0.19. This represents a $0.75 annualized dividend and a dividend yield of 3.81%. Retail Opportunity Investments Corp.’s dividend payout ratio is currently 227.28%.

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A number of equities analysts recently issued reports on the company. Zacks Investment Research lowered Retail Opportunity Investments Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Royal Bank Of Canada upgraded Retail Opportunity Investments Corp. from a “sector perform” rating to an “outperform” rating and set a $23.00 price objective for the company in a research note on Thursday. Jefferies Group LLC reiterated a “buy” rating and set a $26.00 price objective on shares of Retail Opportunity Investments Corp. in a research note on Wednesday, June 14th. TheStreet lowered Retail Opportunity Investments Corp. from a “b” rating to a “c+” rating in a research note on Friday, April 28th. Finally, Citigroup Inc. reiterated a “neutral” rating and set a $19.00 price objective (down previously from $21.00) on shares of Retail Opportunity Investments Corp. in a research note on Monday, July 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price 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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