Pictet Asset Management SA Buys 3,887 Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Pictet Asset Management SA increased its stake in shares of Retail Opportunity Investments Corp. (NASDAQ:ROICGet Rating) by 8.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,173 shares of the real estate investment trust’s stock after purchasing an additional 3,887 shares during the quarter. Pictet Asset Management SA’s holdings in Retail Opportunity Investments were worth $776,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of ROIC. SG Americas Securities LLC grew its stake in shares of Retail Opportunity Investments by 46.3% during the first quarter. SG Americas Securities LLC now owns 61,467 shares of the real estate investment trust’s stock valued at $1,192,000 after purchasing an additional 19,453 shares during the last quarter. Mutual of America Capital Management LLC grew its stake in shares of Retail Opportunity Investments by 5.5% during the first quarter. Mutual of America Capital Management LLC now owns 17,497 shares of the real estate investment trust’s stock valued at $339,000 after purchasing an additional 908 shares during the last quarter. abrdn plc grew its stake in shares of Retail Opportunity Investments by 3.2% during the first quarter. abrdn plc now owns 26,374 shares of the real estate investment trust’s stock valued at $511,000 after purchasing an additional 829 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Retail Opportunity Investments by 8.2% during the first quarter. Envestnet Asset Management Inc. now owns 22,314 shares of the real estate investment trust’s stock valued at $433,000 after purchasing an additional 1,685 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in Retail Opportunity Investments by 21.2% in the first quarter. Victory Capital Management Inc. now owns 67,769 shares of the real estate investment trust’s stock valued at $1,263,000 after buying an additional 11,868 shares during the period. 96.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ROIC has been the topic of several analyst reports. StockNews.com initiated coverage on shares of Retail Opportunity Investments in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Citigroup lowered shares of Retail Opportunity Investments from a “buy” rating to a “neutral” rating and cut their target price for the stock from $19.00 to $17.00 in a report on Monday, September 19th. Finally, TheStreet lowered shares of Retail Opportunity Investments from a “b-” rating to a “c+” rating in a report on Tuesday, October 25th. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. Based on data from MarketBeat, Retail Opportunity Investments currently has a consensus rating of “Hold” and an average price target of $17.00.

Retail Opportunity Investments Stock Up 0.8 %

Retail Opportunity Investments stock opened at $15.09 on Wednesday. The company has a market cap of $1.88 billion, a P/E ratio of 37.73, a price-to-earnings-growth ratio of 2.21 and a beta of 1.37. Retail Opportunity Investments Corp. has a 1-year low of $13.35 and a 1-year high of $20.09. The company has a fifty day simple moving average of $14.46 and a 200 day simple moving average of $16.05. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.98.

Retail Opportunity Investments Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 29th. Investors of record on Thursday, December 15th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date of this dividend is Wednesday, December 14th. Retail Opportunity Investments’s dividend payout ratio (DPR) is currently 150.00%.

Retail Opportunity Investments 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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