Natixis Advisors L.P. lifted its position in Retail Opportunity Investments Corp. (NASDAQ:ROIC – Get Rating) by 83.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 111,978 shares of the real estate investment trust’s stock after acquiring an additional 50,827 shares during the period. Natixis Advisors L.P. owned 0.09% of Retail Opportunity Investments worth $2,171,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Bank of America Corp DE raised its position in shares of Retail Opportunity Investments by 7.9% in the 4th quarter. Bank of America Corp DE now owns 400,757 shares of the real estate investment trust’s stock worth $7,855,000 after acquiring an additional 29,467 shares in the last quarter. Mutual of America Capital Management LLC raised its position in shares of Retail Opportunity Investments by 5.5% in the 1st quarter. Mutual of America Capital Management LLC now owns 17,497 shares of the real estate investment trust’s stock worth $339,000 after acquiring an additional 908 shares in the last quarter. Citigroup Inc. raised its position in shares of Retail Opportunity Investments by 3.2% in the 4th quarter. Citigroup Inc. now owns 231,162 shares of the real estate investment trust’s stock worth $4,531,000 after acquiring an additional 7,223 shares in the last quarter. Whittier Trust Co. grew its stake in shares of Retail Opportunity Investments by 6.1% in the 1st quarter. Whittier Trust Co. now owns 115,736 shares of the real estate investment trust’s stock worth $2,243,000 after buying an additional 6,646 shares during the last quarter. Finally, First Foundation Advisors grew its stake in shares of Retail Opportunity Investments by 2.9% in the 1st quarter. First Foundation Advisors now owns 22,824 shares of the real estate investment trust’s stock worth $443,000 after buying an additional 638 shares during the last quarter. Institutional investors own 96.44% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on the company. Jefferies Financial Group cut their price target on Retail Opportunity Investments from $20.00 to $15.00 in a research note on Thursday, June 30th. StockNews.com upgraded Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research note on Friday, August 5th.
Retail Opportunity Investments Stock Performance
Shares of ROIC opened at $17.09 on Thursday. The business’s fifty day simple moving average is $16.89 and its two-hundred day simple moving average is $17.68. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.97. Retail Opportunity Investments Corp. has a 12 month low of $15.06 and a 12 month high of $20.09. The company has a market cap of $2.13 billion, a price-to-earnings ratio of 40.69, a P/E/G ratio of 1.85 and a beta of 1.36.
Retail Opportunity Investments (NASDAQ:ROIC – Get Rating) last issued its earnings results on Tuesday, July 26th. The real estate investment trust reported $0.09 EPS for the quarter, missing the consensus estimate 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 in the previous year, the company earned $0.25 EPS. Research analysts anticipate that Retail Opportunity Investments Corp. will post 1.1 earnings per share for the current fiscal year.
Retail Opportunity Investments Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, October 7th. Stockholders of record on Friday, September 16th will be paid a $0.15 dividend. This is an increase from Retail Opportunity Investments’s previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date of this dividend is Thursday, September 15th. Retail Opportunity Investments’s dividend payout ratio (DPR) is 123.81%.
About Retail Opportunity Investments
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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