Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Purchases 4,162 Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in shares of Retail Opportunity Investments Corp. (NASDAQ:ROICGet Rating) by 8.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 53,260 shares of the real estate investment trust’s stock after purchasing an additional 4,162 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Retail Opportunity Investments were worth $1,033,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ROIC. Bank of America Corp DE boosted its stake 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 buying an additional 29,467 shares during the last quarter. Mutual of America Capital Management LLC raised its holdings 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 purchasing an additional 908 shares during the period. Citigroup Inc. increased its position in Retail Opportunity Investments by 3.2% in the fourth quarter. Citigroup Inc. now owns 231,162 shares of the real estate investment trust’s stock worth $4,531,000 after buying an additional 7,223 shares during the last quarter. Whittier Trust Co. lifted its position in shares of Retail Opportunity Investments by 6.1% during the 1st quarter. Whittier Trust Co. now owns 115,736 shares of the real estate investment trust’s stock valued at $2,243,000 after buying an additional 6,646 shares during the last quarter. Finally, First Foundation Advisors increased its holdings in 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 acquiring an additional 638 shares during the last quarter. 96.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ROIC has been the subject of several recent research reports. StockNews.com upgraded shares of Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research note on Friday, August 5th. Jefferies Financial Group lowered their price target on shares of Retail Opportunity Investments from $20.00 to $15.00 in a report on Thursday, June 30th. TheStreet raised shares of Retail Opportunity Investments from a “c+” rating to a “b-” rating in a report on Monday, April 25th. Finally, Capital One Financial reiterated an “equal weight” rating on shares of Retail Opportunity Investments in a research report on Monday, April 18th.

Retail Opportunity Investments Stock Performance

Retail Opportunity Investments stock opened at $18.27 on Monday. The firm has a fifty day simple moving average of $16.46 and a two-hundred day simple moving average of $17.79. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.97. Retail Opportunity Investments Corp. has a twelve month low of $15.06 and a twelve month high of $20.09. The company has a market capitalization of $2.28 billion, a PE ratio of 43.50, a P/E/G ratio of 2.16 and a beta of 1.36.

Retail Opportunity Investments (NASDAQ:ROICGet Rating) last issued its earnings results on Tuesday, July 26th. The real estate investment trust reported $0.09 earnings per share 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 firm earned $0.25 EPS. Research analysts expect that Retail Opportunity Investments Corp. will post 1.1 EPS for the current year.

Retail Opportunity Investments Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 7th. Stockholders of record on Friday, September 16th will be issued a dividend of $0.15 per share. This is a positive change 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 3.28%. The ex-dividend date of this dividend is Thursday, September 15th. Retail Opportunity Investments’s dividend payout ratio is currently 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.

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