Mutual of America Capital Management LLC Decreases Stake in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Mutual of America Capital Management LLC lowered its position in Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 8.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 19,170 shares of the real estate investment trust’s stock after selling 1,779 shares during the period. Mutual of America Capital Management LLC’s holdings in Retail Opportunity Investments were worth $302,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its stake in Retail Opportunity Investments by 1,473.1% during the 3rd quarter. International Assets Investment Management LLC now owns 1,872 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 1,753 shares during the last quarter. Allworth Financial LP grew its stake in Retail Opportunity Investments by 4,320.3% in the third quarter. Allworth Financial LP now owns 3,271 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 3,197 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Retail Opportunity Investments by 35.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,947 shares of the real estate investment trust’s stock valued at $77,000 after acquiring an additional 1,289 shares in the last quarter. Meeder Asset Management Inc. bought a new position in Retail Opportunity Investments during the second quarter worth $82,000. Finally, Point72 DIFC Ltd lifted its holdings in shares of Retail Opportunity Investments by 71.8% during the 2nd quarter. Point72 DIFC Ltd now owns 7,523 shares of the real estate investment trust’s stock worth $94,000 after acquiring an additional 3,145 shares during the period. 97.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ROIC has been the topic of a number of research analyst reports. KeyCorp lowered shares of Retail Opportunity Investments from an “overweight” rating to a “sector weight” rating in a report on Tuesday, November 5th. BMO Capital Markets increased their price objective on Retail Opportunity Investments from $17.00 to $17.50 and gave the company a “market perform” rating in a report on Friday, November 8th. StockNews.com initiated coverage on Retail Opportunity Investments in a report on Tuesday. They issued a “hold” rating on the stock. Robert W. Baird restated a “neutral” rating and set a $17.50 price objective (up from $16.00) on shares of Retail Opportunity Investments in a research report on Thursday, November 7th. Finally, Bank of America initiated coverage on shares of Retail Opportunity Investments in a research note on Thursday, October 24th. They issued an “underperform” rating and a $14.00 price target on the stock. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $16.17.

Retail Opportunity Investments Stock Down 0.1 %

Retail Opportunity Investments stock opened at $17.39 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.92 and a current ratio of 1.92. The firm has a 50 day moving average price of $16.26 and a two-hundred day moving average price of $14.57. Retail Opportunity Investments Corp. has a 52-week low of $11.87 and a 52-week high of $17.43. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of 37.80 and a beta of 1.44.

Retail Opportunity Investments (NASDAQ:ROIC) last issued its earnings results on Tuesday, October 22nd. The real estate investment trust reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01). The firm had revenue of $83.50 million during the quarter, compared to analyst estimates of $82.13 million. Retail Opportunity Investments had a net margin of 17.38% and a return on equity of 4.32%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.27 earnings per share. Equities analysts predict that Retail Opportunity Investments Corp. will post 1.04 EPS for the current year.

Retail Opportunity Investments Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 20th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.45%. Retail Opportunity Investments’s payout ratio is presently 130.43%.

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 December 31, 2023, ROIC owned 94 shopping centers encompassing approximately 10.6 million square feet.