Victory Capital Management Inc. raised its position in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC – Get Rating) by 21.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,769 shares of the real estate investment trust’s stock after purchasing an additional 11,868 shares during the period. Victory Capital Management Inc. owned approximately 0.05% of Retail Opportunity Investments worth $1,263,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in ROIC. CWM LLC acquired a new position in Retail Opportunity Investments during the fourth quarter valued at approximately $30,000. DekaBank Deutsche Girozentrale acquired a new position in Retail Opportunity Investments during the fourth quarter valued at approximately $486,000. Daiwa Securities Group Inc. raised its position in Retail Opportunity Investments by 9.5% during the fourth quarter. Daiwa Securities Group Inc. now owns 35,792 shares of the real estate investment trust’s stock valued at $702,000 after purchasing an additional 3,097 shares in the last quarter. Fort Washington Investment Advisors Inc. OH raised its position in Retail Opportunity Investments by 6.6% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 21,131 shares of the real estate investment trust’s stock valued at $414,000 after purchasing an additional 1,300 shares in the last quarter. Finally, abrdn plc raised its position in Retail Opportunity Investments by 5.9% during 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 in the last quarter. 96.17% of the stock is currently owned by institutional investors and hedge funds.
Retail Opportunity Investments Stock Performance
NASDAQ ROIC opened at $18.27 on Monday. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 43.50, a PEG ratio of 2.16 and a beta of 1.36. Retail Opportunity Investments Corp. has a twelve month low of $15.06 and a twelve month high of $20.09. The stock has a fifty day simple moving average of $16.46 and a 200 day simple moving average of $17.79. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.97.
Retail Opportunity Investments (NASDAQ:ROIC – Get Rating) last posted its quarterly earnings data on Tuesday, July 26th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.17). Retail Opportunity Investments had a net margin of 17.65% and a return on equity of 3.85%. During the same period last year, the company earned $0.25 earnings per share. Sell-side analysts expect that Retail Opportunity Investments Corp. will post 1.1 EPS 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. Investors of record on Friday, September 16th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.28%. This is an increase from Retail Opportunity Investments’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Thursday, September 15th. Retail Opportunity Investments’s dividend payout ratio is presently 123.81%.
Wall Street Analysts Forecast Growth
ROIC has been the subject of several research analyst reports. Capital One Financial reiterated an “equal weight” rating on shares of Retail Opportunity Investments in a report on Monday, April 18th. StockNews.com upgraded shares of Retail Opportunity Investments from a “sell” rating to a “hold” rating in a report on Friday, August 5th. Jefferies Financial Group lowered their price target on shares of Retail Opportunity Investments from $20.00 to $15.00 in a report on Thursday, June 30th. Finally, TheStreet upgraded shares of Retail Opportunity Investments from a “c+” rating to a “b-” rating in a report on Monday, April 25th.
Retail Opportunity Investments Company Profile
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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