State of Alaska Department of Revenue Purchases 7,140 Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC)

State of Alaska Department of Revenue increased its position in shares of Retail Opportunity Investments Corp. (NASDAQ:ROICGet Rating) by 4.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 152,669 shares of the real estate investment trust’s stock after purchasing an additional 7,140 shares during the period. State of Alaska Department of Revenue owned 0.12% of Retail Opportunity Investments worth $2,407,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ROIC. Silvercrest Asset Management Group LLC increased its holdings in Retail Opportunity Investments by 0.9% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 70,482 shares of the real estate investment trust’s stock valued at $1,381,000 after acquiring an additional 604 shares during the last quarter. First Foundation Advisors increased its holdings in Retail Opportunity Investments by 2.9% in the 1st quarter. First Foundation Advisors now owns 22,824 shares of the real estate investment trust’s stock valued at $443,000 after acquiring an additional 638 shares during the last quarter. abrdn plc increased its holdings in shares of Retail Opportunity Investments by 3.2% in the 1st quarter. abrdn plc now owns 26,374 shares of the real estate investment trust’s stock worth $511,000 after buying an additional 829 shares during the last quarter. Evergreen Capital Management LLC increased its holdings in shares of Retail Opportunity Investments by 7.6% in the 4th quarter. Evergreen Capital Management LLC now owns 12,498 shares of the real estate investment trust’s stock worth $245,000 after buying an additional 883 shares during the last quarter. Finally, Mutual of America Capital Management LLC increased its holdings in shares of Retail Opportunity Investments by 5.5% in the 1st quarter. Mutual of America Capital Management LLC now owns 17,497 shares of the real estate investment trust’s stock worth $339,000 after buying an additional 908 shares during the last quarter. 96.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on ROIC shares. Jefferies Financial Group reduced their target price on shares of Retail Opportunity Investments from $20.00 to $15.00 in a report on Thursday, June 30th. Citigroup downgraded shares of Retail Opportunity Investments from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $19.00 to $17.00 in a report on Monday, September 19th. Finally, StockNews.com upgraded shares of Retail Opportunity Investments from a “sell” rating to a “hold” rating in a report on Friday, August 5th. One analyst has rated the stock with a sell rating and three have given a hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $17.00.

Retail Opportunity Investments Price Performance

ROIC stock opened at $14.47 on Friday. Retail Opportunity Investments Corp. has a 12 month low of $14.24 and a 12 month high of $20.09. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.97. The company has a 50-day moving average price of $16.91 and a 200 day moving average price of $17.50. The stock has a market cap of $1.80 billion, a PE ratio of 34.45, a P/E/G ratio of 1.69 and a beta of 1.36.

Retail Opportunity Investments (NASDAQ:ROICGet Rating) last released its quarterly earnings results on Tuesday, July 26th. The real estate investment trust reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.17). Retail Opportunity Investments had a return on equity of 3.85% and a net margin of 17.65%. During the same quarter in the previous year, the firm earned $0.25 EPS. Equities research analysts anticipate that Retail Opportunity Investments Corp. will post 1.1 earnings per share for the current year.

Retail Opportunity Investments Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 7th. Shareholders of record on Friday, September 16th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.15%. This is a boost from Retail Opportunity Investments’s previous quarterly dividend of $0.13. The ex-dividend date is Thursday, September 15th. Retail Opportunity Investments’s payout ratio is 142.86%.

Retail Opportunity Investments Company Profile

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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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