Nisa Investment Advisors LLC trimmed its position in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC – Get Rating) by 9.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,052 shares of the real estate investment trust’s stock after selling 5,295 shares during the period. Nisa Investment Advisors LLC’s holdings in Retail Opportunity Investments were worth $951,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. CWM LLC acquired a new position in Retail Opportunity Investments in the 4th quarter valued at approximately $30,000. Point72 Hong Kong Ltd acquired a new position in Retail Opportunity Investments in the 4th quarter valued at approximately $52,000. Acadian Asset Management LLC acquired a new position in Retail Opportunity Investments in the 4th quarter valued at approximately $77,000. Van ECK Associates Corp raised its holdings in Retail Opportunity Investments by 66.9% in the 4th quarter. Van ECK Associates Corp now owns 9,252 shares of the real estate investment trust’s stock valued at $181,000 after acquiring an additional 3,709 shares in the last quarter. Finally, Schroder Investment Management Group raised its holdings in Retail Opportunity Investments by 34.1% in the 4th quarter. Schroder Investment Management Group now owns 10,356 shares of the real estate investment trust’s stock valued at $203,000 after acquiring an additional 2,633 shares in the last quarter. Institutional investors and hedge funds own 96.17% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms have commented on ROIC. Capital One Financial reaffirmed an “equal weight” rating on shares of Retail Opportunity Investments in a report on Monday, April 18th. TheStreet raised Retail Opportunity Investments from a “c+” rating to a “b-” rating in a report on Monday, April 25th. Wells Fargo & Company increased their target price on Retail Opportunity Investments from $17.00 to $19.00 and gave the stock an “underweight” rating in a report on Thursday, April 7th. Jefferies Financial Group dropped their target price on Retail Opportunity Investments from $20.00 to $15.00 in a report on Thursday, June 30th. Finally, StockNews.com began coverage on Retail Opportunity Investments in a report on Thursday, March 31st. They issued a “hold” rating for the company.
Retail Opportunity Investments Stock Down 0.1 %
NASDAQ ROIC opened at $16.45 on Friday. The firm has a market cap of $2.04 billion, a PE ratio of 35.00, a price-to-earnings-growth ratio of 1.96 and a beta of 1.37. Retail Opportunity Investments Corp. has a one year low of $15.06 and a one year high of $20.09. The stock’s 50 day simple moving average is $16.60 and its 200 day simple moving average is $17.97. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.58 and a quick ratio of 1.58.
Retail Opportunity Investments (NASDAQ:ROIC – Get Rating) last released its quarterly earnings results on Monday, April 25th. The real estate investment trust reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. The business had revenue of $75.04 million for the quarter, compared to analyst estimates of $73.21 million. Retail Opportunity Investments had a return on equity of 4.26% and a net margin of 19.81%. Retail Opportunity Investments’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.24 EPS. As a group, sell-side analysts forecast that Retail Opportunity Investments Corp. will post 1.09 earnings per share for the current fiscal year.
Retail Opportunity Investments Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 8th. Shareholders of record on Friday, June 17th were given a $0.13 dividend. The ex-dividend date of this dividend was Thursday, June 16th. This represents a $0.52 dividend on an annualized basis and a yield of 3.16%. Retail Opportunity Investments’s payout ratio is 110.64%.
About Retail Opportunity Investments
Retail Opportunity Investments Corp. (NASDAQ: ROIC), is a fully-integrated, self-managed real estate investment trust (REIT) that specializes in the acquisition, ownership and management of grocery-anchored shopping centers located in densely populated, metropolitan markets across the West Coast. As of September 30, 2020, ROIC owned 88 shopping centers encompassing approximately 10.1 million square feet.
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