Shares of Retail Opportunity Investments Corp. (NASDAQ: ROIC) purchased by SG Americas Securities LLC
SG Americas Securities LLC increased its stake in Retail Opportunity Investments Corp. (NASDAQ: ROIC – Get Rating) by 46.3% during the 1st quarter, according to its last Form 13F filed with the Securities and Exchange Commission (SEC). The company held 61,467 shares of the real estate investment trust after purchasing an additional 19,453 shares during the quarter. SG Americas Securities LLC’s holdings in Retail Opportunity Investments were worth $1,192,000 at the end of the last quarter.
A number of other hedge funds and other institutional investors have also recently changed their ROIC holdings. State Street Corp increased its stake in shares of Retail Opportunity Investments by 4.1% in the fourth quarter. State Street Corp now owns 6,594,760 shares of the real estate investment trust valued at $130,478,000 after purchasing an additional 261,930 shares during the period. Millennium Management LLC increased its stake in the shares of Retail Opportunity Investments by 51.2% during the fourth quarter. Millennium Management LLC now owns 3,142,352 shares of the real estate investment trust worth $61,590,000 after acquiring an additional 1,063,495 shares last quarter. Land & Buildings Investment Management LLC increased its position in Retail Opportunity Investments shares by 28.7% during the fourth quarter. Land & Buildings Investment Management LLC now owns 3,078,950 shares of the real estate investment trust worth $60,347,000 after acquiring an additional 687,460 shares in the last quarter. Waterfront Capital Partners LLC acquired a new stock position in Retail Opportunity Investments in the fourth quarter worth approximately $42,934,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in Retail Opportunity Investments by 1.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,676,022 shares of the real estate investment trust worth $32,850,000 after purchasing an additional 29,382 shares in the last quarter. Institutional investors and hedge funds hold 96.17% of the company’s shares.
A Wall Street analyst gives his opinion
Several equity research analysts have published ROIC stock reports. Jefferies Financial Group lowered its price target on retail opportunity investments from $20.00 to $15.00 in a Thursday, June 30 report. Capital One Financial reaffirmed an “equal weight” rating on shares of Retail Opportunity Investments in a Monday, April 18 report. StockNews.com downgraded shares of Retail Opportunity Investments from a “hold” rating to a “sell” rating in a report released Thursday. TheStreet upgraded the shares of Retail Opportunity Investments from a “c+” rating to a “b-” rating in a Monday, April 25 research note. Finally, Wells Fargo & Company raised its price target on retail opportunity investments from $17.00 to $19.00 and gave the stock an “underweight” rating in a research note from the Thursday, April 7.
Retail Opportunity Investments Stock Performance
ROIC stock opened at $17.46 on Friday. The company has a market capitalization of $2.17 billion, a P/E ratio of 37.15, a P/E/G ratio of 1.98 and a beta of 1.37. The stock’s 50-day simple moving average is $16.53 and its 200-day simple moving average is $17.89. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt ratio of 0.95. Retail Opportunity Investments Corp. has a 12-month low of $15.06 and a 12-month high of $20.09.
Retail Opportunity Investments (NASDAQ:ROIC – Get Rating) last reported results on Tuesday, July 26. The real estate investment trust reported earnings per share of $0.09 for the quarter, missing analyst consensus estimates of $0.26 per ($0.17). Retail Opportunity Investments recorded a return on equity of 4.26% and a net margin of 19.81%. In the same quarter last year, the company achieved EPS of $0.25. As a group, equity research analysts predict that Retail Opportunity Investments Corp. will post an EPS of 1.09 for the current year.
Investments in retail opportunities increase the dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, October 7. Shareholders of record on Friday, September 16 will receive a dividend of $0.15 per share. The ex-dividend date is Thursday, September 15. This is a positive change from Retail Opportunity Investments’ previous quarterly dividend of $0.13. This represents an annualized dividend of $0.60 and a dividend yield of 3.44%. Retail Opportunity Investments’ dividend payout ratio is 110.64%.
About Investing in Retail Opportunities
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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 coast west. As of September 30, 2020, ROIC owned 88 shopping centers covering approximately 10.1 million square feet.
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