Steward Partners Investment Advisory LLC acquired a new position in shares of Retail Opportunity Investments Corp (NASDAQ:ROIC) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 13,959 shares of the real estate investment trust’s stock, valued at approximately $239,000.
Several other institutional investors have also recently added to or reduced their stakes in ROIC. First Hawaiian Bank bought a new stake in Retail Opportunity Investments in the 1st quarter valued at about $32,000. Quadrant Capital Group LLC boosted its holdings in Retail Opportunity Investments by 1,542.1% in the 1st quarter. Quadrant Capital Group LLC now owns 3,005 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 2,822 shares during the period. Nisa Investment Advisors LLC bought a new stake in Retail Opportunity Investments in the 1st quarter valued at about $92,000. Whittier Trust Co. of Nevada Inc. bought a new stake in Retail Opportunity Investments in the 2nd quarter valued at about $212,000. Finally, Everence Capital Management Inc. bought a new stake in Retail Opportunity Investments in the 1st quarter valued at about $254,000. Institutional investors own 91.53% of the company’s stock.
Shares of Retail Opportunity Investments stock opened at $18.11 on Wednesday. The stock’s 50 day moving average price is $17.74. Retail Opportunity Investments Corp has a 1-year low of $15.44 and a 1-year high of $19.80. The company has a debt-to-equity ratio of 1.16, a quick ratio of 4.36 and a current ratio of 4.36. The company has a market cap of $2.10 billion, a P/E ratio of 15.89, a PEG ratio of 3.73 and a beta of 0.71.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th will be issued a dividend of $0.197 per share. This represents a $0.79 dividend on an annualized basis and a dividend yield of 4.35%. The ex-dividend date is Wednesday, September 11th. Retail Opportunity Investments’s dividend payout ratio (DPR) is presently 69.30%.
A number of analysts have issued reports on the stock. DA Davidson reissued a “buy” rating on shares of Retail Opportunity Investments in a report on Monday, July 29th. BMO Capital Markets set a $18.00 price objective on shares of Retail Opportunity Investments and gave the company a “hold” rating in a report on Wednesday, July 24th. ValuEngine raised shares of Retail Opportunity Investments from a “sell” rating to a “hold” rating in a report on Tuesday, July 9th. Zacks Investment Research raised shares of Retail Opportunity Investments from a “sell” rating to a “hold” rating in a report on Wednesday, July 31st. Finally, BidaskClub raised shares of Retail Opportunity Investments from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $18.00.
Retail Opportunity Investments Company Profile
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 March 31, 2019, ROIC owned 90 shopping centers encompassing approximately 10.3 million square feet.
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