Raymond James Financial Services Advisors Inc. Has $1.50 Million Stake in Retail Opportunity Investments Corp. (ROIC)

Raymond James Financial Services Advisors Inc. boosted its position in Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 7.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 71,080 shares of the real estate investment trust’s stock after buying an additional 4,976 shares during the period. Raymond James Financial Services Advisors Inc. owned 0.06% of Retail Opportunity Investments Corp. worth $1,495,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Tyers Asset Management LLC purchased a new stake in Retail Opportunity Investments Corp. during the fourth quarter worth $122,000. Flinton Capital Management LLC acquired a new position in shares of Retail Opportunity Investments Corp. during the fourth quarter worth approximately $156,000. Daiwa Securities Group Inc. boosted its position in shares of 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 position 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 in the last quarter. Finally, Zacks Investment Management acquired a new position in shares of Retail Opportunity Investments Corp. during the third quarter worth approximately $206,000. 96.29% of the stock is currently owned by institutional investors and hedge funds.

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

Retail Opportunity Investments Corp. (ROIC) traded down 5.41% on Friday, hitting $19.57. 2,878,220 shares of the stock were exchanged. The company has a market capitalization of $2.15 billion, a PE ratio of 60.40 and a beta of 0.66. Retail Opportunity Investments Corp. has a 1-year low of $18.45 and a 1-year high of $23.05. The company has a 50-day moving average price of $20.13 and a 200 day moving average price of $20.83.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) last posted its quarterly earnings results on Wednesday, April 26th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.01. The business had revenue of $65.90 million for the quarter, compared to analyst estimates of $62.86 million. Retail Opportunity Investments Corp. had a net margin of 14.13% and a return on equity of 2.71%. The firm’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same quarter last year, the business posted $0.27 EPS. Analysts anticipate that Retail Opportunity Investments Corp. will post $0.35 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 29th. Investors of record on Thursday, June 15th will be given a dividend of $0.1875 per share. The ex-dividend date is Tuesday, June 13th. This represents a $0.75 annualized dividend and a dividend yield of 3.83%. Retail Opportunity Investments Corp.’s dividend payout ratio is 174.42%.

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ROIC has been the subject of a number of analyst reports. Canaccord Genuity restated a “buy” rating and set a $26.00 price target on shares of Retail Opportunity Investments Corp. in a research note on Thursday, April 27th. Zacks Investment Research upgraded shares of Retail Opportunity Investments Corp. from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Thursday, April 27th. Jefferies Group LLC restated a “buy” rating and set a $26.00 price target on shares of Retail Opportunity Investments Corp. in a research note on Wednesday. TheStreet cut shares of Retail Opportunity Investments Corp. from a “b” rating to a “c+” rating in a research note on Friday, April 28th. Finally, FBR & Co restated a “hold” rating and set a $23.00 price target (up previously from $22.00) on shares of Retail Opportunity Investments Corp. in a research note on Tuesday, February 28th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Retail Opportunity Investments Corp. currently has a consensus rating of “Hold” and an average target price of $24.17.

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.

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