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Comerica Bank lessened its holdings in Retail Opportunity Investments Corp. (NASDAQ:ROIC – Get Rating) by 10.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 95,101 shares of the real estate investment trust’s stock after selling 10,600 shares during the period. Comerica Bank owned about 0.08% of Retail Opportunity Investments worth $1,341,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Keybank National Association OH increased its stake in Retail Opportunity Investments by 42.0% during the 3rd quarter. Keybank National Association OH now owns 21,783 shares of the real estate investment trust’s stock worth $300,000 after buying an additional 6,440 shares during the period. Wipfli Financial Advisors LLC purchased a new stake in Retail Opportunity Investments during the 3rd quarter worth $61,000. Foundry Partners LLC increased its stake in Retail Opportunity Investments by 3.2% during the 3rd quarter. Foundry Partners LLC now owns 200,952 shares of the real estate investment trust’s stock worth $2,765,000 after buying an additional 6,139 shares during the period. Whittier Trust Co. of Nevada Inc. increased its stake in Retail Opportunity Investments by 8.1% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 64,283 shares of the real estate investment trust’s stock worth $885,000 after buying an additional 4,809 shares during the period. Finally, Whittier Trust Co. increased its stake in Retail Opportunity Investments by 4.2% during the 3rd quarter. Whittier Trust Co. now owns 122,555 shares of the real estate investment trust’s stock worth $1,686,000 after buying an additional 4,932 shares during the period. Hedge funds and other institutional investors own 95.51% of the company’s stock.
Retail Opportunity Investments Trading Up 2.1 %
NASDAQ ROIC opened at $15.42 on Monday. Retail Opportunity Investments Corp. has a one year low of $13.35 and a one year high of $20.00. The company has a 50-day simple moving average of $15.14 and a 200-day simple moving average of $15.54. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market capitalization of $1.92 billion, a PE ratio of 38.55, a price-to-earnings-growth ratio of 2.26 and a beta of 1.32.
Retail Opportunity Investments Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, December 29th. Stockholders of record on Thursday, December 15th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.89%. The ex-dividend date of this dividend was Wednesday, December 14th. Retail Opportunity Investments’s dividend payout ratio (DPR) is presently 150.00%.
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 research note on Wednesday, October 12th. They set a “hold” rating on the stock. Raymond James lowered shares of Retail Opportunity Investments from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 4th. BTIG Research lowered shares of Retail Opportunity Investments from a “buy” rating to a “neutral” rating in a report on Wednesday, January 11th. Finally, TheStreet lowered shares of Retail Opportunity Investments from a “b-” rating to a “c+” rating in a report on Tuesday, October 25th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $17.00.
Insider Activity
In other news, Director Laura H. Pomerantz sold 6,425 shares of Retail Opportunity Investments stock in a transaction dated Monday, December 12th. The shares were sold at an average price of $15.55, for a total value of $99,908.75. Following the completion of the transaction, the director now directly owns 59,704 shares of the company’s stock, valued at approximately $928,397.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.80% of the company’s stock.
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.
See Also
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