Keybank National Association OH Boosts Holdings in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Keybank National Association OH lifted its position in shares of Retail Opportunity Investments Corp. (NASDAQ:ROICGet Rating) by 42.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,783 shares of the real estate investment trust’s stock after buying an additional 6,440 shares during the quarter. Keybank National Association OH’s holdings in Retail Opportunity Investments were worth $300,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Meeder Asset Management Inc. grew its holdings in shares of Retail Opportunity Investments by 148.5% during the second quarter. Meeder Asset Management Inc. now owns 3,208 shares of the real estate investment trust’s stock worth $51,000 after buying an additional 1,917 shares in the last quarter. Wipfli Financial Advisors LLC purchased a new stake in shares of Retail Opportunity Investments during the third quarter worth about $61,000. KBC Group NV purchased a new stake in shares of Retail Opportunity Investments during the second quarter worth about $159,000. Bank of Nova Scotia purchased a new stake in shares of Retail Opportunity Investments during the second quarter worth about $179,000. Finally, M&T Bank Corp purchased a new stake in shares of Retail Opportunity Investments during the second quarter worth about $199,000. 95.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ROIC. Raymond James downgraded shares of Retail Opportunity Investments from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 4th. TheStreet cut shares of Retail Opportunity Investments from a “b-” rating to a “c+” rating in a research report on Tuesday, October 25th. StockNews.com initiated coverage on shares of Retail Opportunity Investments in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Citigroup cut shares of Retail Opportunity Investments from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $19.00 to $17.00 in a research report on Monday, September 19th. Finally, BTIG Research cut shares of Retail Opportunity Investments from a “buy” rating to a “neutral” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, Retail Opportunity Investments has an average rating of “Hold” and a consensus price target of $17.00.

Insider Buying and Selling at Retail Opportunity Investments

In other news, Director Laura H. Pomerantz sold 6,425 shares of Retail Opportunity Investments stock in a transaction that occurred on Monday, December 12th. The shares were sold at an average price of $15.55, for a total transaction of $99,908.75. Following the sale, the director now owns 59,704 shares in the company, valued at $928,397.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.80% of the stock is currently owned by corporate insiders.

Retail Opportunity Investments Trading Up 2.3 %

Shares of ROIC stock opened at $15.30 on Friday. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 38.25, a price-to-earnings-growth ratio of 2.19 and a beta of 1.32. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.98. Retail Opportunity Investments Corp. has a fifty-two week low of $13.35 and a fifty-two week high of $20.00. The firm’s 50 day moving average price is $15.05 and its two-hundred day moving average price is $15.57.

Retail Opportunity Investments Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 29th. Shareholders of record on Thursday, December 15th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, December 14th. This represents a $0.60 dividend on an annualized basis and a yield of 3.92%. Retail Opportunity Investments’s dividend payout ratio (DPR) is 150.00%.

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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