Truist Financial Corp cut its holdings in Retail Opportunity Investments Corp. (NASDAQ:ROICGet Rating) by 0.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 108,472 shares of the real estate investment trust’s stock after selling 983 shares during the quarter. Truist Financial Corp’s holdings in Retail Opportunity Investments were worth $2,103,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. State Street Corp lifted its stake in Retail Opportunity Investments by 4.1% in the fourth quarter. State Street Corp now owns 6,594,760 shares of the real estate investment trust’s stock valued at $130,478,000 after buying an additional 261,930 shares during the period. Millennium Management LLC increased its holdings in shares of Retail Opportunity Investments by 51.2% during the fourth quarter. Millennium Management LLC now owns 3,142,352 shares of the real estate investment trust’s stock valued at $61,590,000 after acquiring an additional 1,063,495 shares in the last quarter. Land & Buildings Investment Management LLC increased its holdings in shares of Retail Opportunity Investments by 28.7% during the fourth quarter. Land & Buildings Investment Management LLC now owns 3,078,950 shares of the real estate investment trust’s stock valued at $60,347,000 after acquiring an additional 687,460 shares in the last quarter. Waterfront Capital Partners LLC bought a new stake in shares of Retail Opportunity Investments during the fourth quarter valued at approximately $42,934,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Retail Opportunity Investments by 1.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,676,022 shares of the real estate investment trust’s stock valued at $32,850,000 after acquiring an additional 29,382 shares in the last quarter. 96.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on ROIC. StockNews.com began coverage on Retail Opportunity Investments in a report on Thursday, March 31st. They set a “hold” rating for the company. Capital One Financial restated an “equal weight” rating on shares of Retail Opportunity Investments in a report on Monday, April 18th. Jefferies Financial Group decreased their price objective on Retail Opportunity Investments from $20.00 to $15.00 in a report on Thursday, June 30th. Wells Fargo & Company upped their price target on Retail Opportunity Investments from $17.00 to $19.00 and gave the stock an “underweight” rating in a report on Thursday, April 7th. Finally, TheStreet upgraded Retail Opportunity Investments from a “c+” rating to a “b-” rating in a report on Monday, April 25th.

Retail Opportunity Investments Trading Up 2.9 %

Shares of Retail Opportunity Investments stock opened at $16.41 on Wednesday. The stock has a fifty day simple moving average of $16.65 and a 200 day simple moving average of $18.04. Retail Opportunity Investments Corp. has a 12-month low of $15.06 and a 12-month high of $20.09. The company has a market capitalization of $2.04 billion, a P/E ratio of 34.92, a price-to-earnings-growth ratio of 1.89 and a beta of 1.37. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.95.

Retail Opportunity Investments (NASDAQ:ROICGet Rating) last announced its quarterly earnings results on Monday, April 25th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.02. Retail Opportunity Investments had a return on equity of 4.26% and a net margin of 19.81%. The business had revenue of $75.04 million during the quarter, compared to the consensus estimate of $73.21 million. Retail Opportunity Investments’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.24 earnings per share. On average, sell-side analysts anticipate that Retail Opportunity Investments Corp. will post 1.09 earnings per share for the current fiscal year.

Retail Opportunity Investments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 8th. Shareholders of record on Friday, June 17th were paid 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 3.17%. Retail Opportunity Investments’s dividend payout ratio (DPR) is presently 110.64%.

Retail Opportunity Investments Company Profile

(Get Rating)

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.

Further Reading

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



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