Metropolitan Life Insurance Co NY Sells 22,131 Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Metropolitan Life Insurance Co NY trimmed its position in shares of Retail Opportunity Investments Corp. (NASDAQ:ROICGet Rating) by 60.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,274 shares of the real estate investment trust’s stock after selling 22,131 shares during the period. Metropolitan Life Insurance Co NY’s holdings in Retail Opportunity Investments were worth $277,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Waterfront Capital Partners LLC bought a new stake in shares of Retail Opportunity Investments in the 4th quarter worth approximately $42,934,000. Aew Capital Management L P lifted its stake in Retail Opportunity Investments by 102.7% in the first quarter. Aew Capital Management L P now owns 2,325,463 shares of the real estate investment trust’s stock worth $45,091,000 after purchasing an additional 1,178,000 shares during the last quarter. Millennium Management LLC boosted its position in 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’s stock valued at $61,590,000 after buying an additional 1,063,495 shares during the period. Cbre Investment Management Listed Real Assets LLC grew its stake in shares of Retail Opportunity Investments by 72.5% during the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,772,018 shares of the real estate investment trust’s stock valued at $34,359,000 after buying an additional 745,028 shares during the last quarter. Finally, Land & Buildings Investment Management LLC grew its stake in shares of Retail Opportunity Investments by 28.7% during the fourth quarter. Land & Buildings Investment Management LLC now owns 3,078,950 shares of the real estate investment trust’s stock valued at $60,347,000 after buying an additional 687,460 shares during the last quarter. Hedge funds and other institutional investors own 96.44% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ROIC shares. Jefferies Financial Group lowered their target price on Retail Opportunity Investments from $20.00 to $15.00 in a research note on Thursday, June 30th. StockNews.com raised Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research note on Friday, August 5th.

Retail Opportunity Investments Stock Up 1.9 %

NASDAQ ROIC opened at $17.09 on Thursday. Retail Opportunity Investments Corp. has a 1 year low of $15.06 and a 1 year high of $20.09. The stock has a market capitalization of $2.13 billion, a PE ratio of 40.69, a PEG ratio of 1.85 and a beta of 1.36. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.55 and a quick ratio of 1.55. The business’s 50-day moving average is $16.89 and its 200 day moving average is $17.68.

Retail Opportunity Investments (NASDAQ:ROICGet Rating) last issued its quarterly earnings data on Tuesday, July 26th. The real estate investment trust reported $0.09 earnings per share (EPS) 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 quarter in the previous year, the company earned $0.25 EPS. Sell-side analysts forecast that Retail Opportunity Investments Corp. will post 1.1 earnings per share for the current year.

Retail Opportunity Investments Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 7th. Investors of record on Friday, September 16th will be given a dividend of $0.15 per share. This is a boost from Retail Opportunity Investments’s previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date is Thursday, September 15th. Retail Opportunity Investments’s dividend payout ratio (DPR) is 123.81%.

Retail Opportunity Investments Company 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

Want to see what other hedge funds are holding ROIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Retail Opportunity Investments Corp. (NASDAQ:ROICGet Rating).



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