Mutual of America Capital Management LLC Acquires 908 Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Mutual of America Capital Management LLC boosted its holdings in shares of Retail Opportunity Investments Corp. (NASDAQ:ROICGet Rating) by 5.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,497 shares of the real estate investment trust’s stock after acquiring an additional 908 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Retail Opportunity Investments were worth $339,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE raised its position in Retail Opportunity Investments by 7.9% during the fourth quarter. Bank of America Corp DE now owns 400,757 shares of the real estate investment trust’s stock valued at $7,855,000 after acquiring an additional 29,467 shares in the last quarter. Citigroup Inc. raised its position in Retail Opportunity Investments by 3.2% during the fourth quarter. Citigroup Inc. now owns 231,162 shares of the real estate investment trust’s stock valued at $4,531,000 after acquiring an additional 7,223 shares in the last quarter. Whittier Trust Co. raised its position in Retail Opportunity Investments by 6.1% during the first quarter. Whittier Trust Co. now owns 115,736 shares of the real estate investment trust’s stock valued at $2,243,000 after acquiring an additional 6,646 shares in the last quarter. First Trust Advisors LP raised its position in Retail Opportunity Investments by 104.3% during the fourth quarter. First Trust Advisors LP now owns 118,945 shares of the real estate investment trust’s stock valued at $2,331,000 after acquiring an additional 60,736 shares in the last quarter. Finally, abrdn plc raised its position in shares of Retail Opportunity Investments by 5.9% in the fourth quarter. abrdn plc now owns 25,545 shares of the real estate investment trust’s stock valued at $501,000 after purchasing an additional 1,413 shares during the period. Institutional investors own 96.17% of the company’s stock.

Retail Opportunity Investments Trading Up 1.1 %

Shares of Retail Opportunity Investments stock opened at $17.46 on Monday. The company’s fifty day simple moving average is $16.53 and its 200-day simple moving average is $17.87. The company has a market cap of $2.17 billion, a price-to-earnings ratio of 37.15, a PEG ratio of 1.98 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 Corp. has a 1 year low of $15.06 and a 1 year high of $20.09.

Retail Opportunity Investments (NASDAQ:ROICGet Rating) last announced its quarterly earnings data on Tuesday, July 26th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.17). Retail Opportunity Investments had a return on equity of 4.26% and a net margin of 19.81%. During the same quarter last year, the company posted $0.25 earnings per share. As a group, sell-side analysts expect that Retail Opportunity Investments Corp. will post 1.09 EPS for the current year.

Retail Opportunity Investments Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 7th. Shareholders of record on Friday, September 16th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $0.60 dividend on an annualized basis and a yield of 3.44%. This is an increase from Retail Opportunity Investments’s previous quarterly dividend of $0.13. Retail Opportunity Investments’s payout ratio is currently 110.64%.

Analysts Set New Price Targets

ROIC has been the topic of a number of recent analyst reports. StockNews.com lowered shares of Retail Opportunity Investments from a “hold” rating to a “sell” rating in a research report on Thursday. Capital One Financial reissued an “equal weight” rating on shares of Retail Opportunity Investments in a research report on Monday, April 18th. TheStreet raised shares of Retail Opportunity Investments from a “c+” rating to a “b-” rating in a research report on Monday, April 25th. Jefferies Financial Group dropped their price target on shares of Retail Opportunity Investments from $20.00 to $15.00 in a research report on Thursday, June 30th. Finally, Wells Fargo & Company lifted their price target on shares of Retail Opportunity Investments from $17.00 to $19.00 and gave the company an “underweight” rating in a research report on Thursday, April 7th.

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.

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

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