United Capital Financial Advisers LLC Reduces Position in Retail Opportunity Investments Corp. (NASDAQ:ROIC)


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United Capital Financial Advisers LLC lessened its holdings in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 29.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,070 shares of the real estate investment trust’s stock after selling 11,031 shares during the period. United Capital Financial Advisers LLC’s holdings in Retail Opportunity Investments were worth $349,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Signaturefd LLC boosted its position in shares of Retail Opportunity Investments by 40.7% during the fourth quarter. Signaturefd LLC now owns 2,757 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 797 shares during the period. Nomura Asset Management Co. Ltd. raised its stake in shares of Retail Opportunity Investments by 0.9% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 91,600 shares of the real estate investment trust’s stock valued at $1,227,000 after acquiring an additional 800 shares in the last quarter. Strs Ohio raised its stake in Retail Opportunity Investments by 0.5% in the third quarter. Strs Ohio now owns 180,334 shares of the real estate investment trust’s stock worth $1,878,000 after buying an additional 861 shares in the last quarter. State of Tennessee Treasury Department raised its stake in Retail Opportunity Investments by 1.4% in the third quarter. State of Tennessee Treasury Department now owns 69,731 shares of the real estate investment trust’s stock worth $727,000 after buying an additional 966 shares in the last quarter. Finally, Van ECK Associates Corp raised its stake in Retail Opportunity Investments by 33.2% in the fourth quarter. Van ECK Associates Corp now owns 4,648 shares of the real estate investment trust’s stock worth $62,000 after buying an additional 1,159 shares in the last quarter. Institutional investors and hedge funds own 91.04% of the company’s stock.

ROIC stock opened at $16.42 on Thursday. The company’s 50-day simple moving average is $16.23 and its 200-day simple moving average is $13.62. The company has a quick ratio of 4.05, a current ratio of 4.05 and a debt-to-equity ratio of 1.12. Retail Opportunity Investments Corp. has a 52-week low of $7.43 and a 52-week high of $17.13. The firm has a market cap of $1.95 billion, a P/E ratio of 56.62 and a beta of 1.47.

Retail Opportunity Investments (NASDAQ:ROIC) last released its quarterly earnings results on Monday, February 22nd. The real estate investment trust reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.02. Retail Opportunity Investments had a net margin of 11.68% and a return on equity of 2.61%. On average, analysts anticipate that Retail Opportunity Investments Corp. will post 1.03 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 9th. Investors of record on Friday, March 26th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, March 25th. This represents a $0.44 annualized dividend and a dividend yield of 2.68%. Retail Opportunity Investments’s dividend payout ratio (DPR) is presently 40.00%.

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company upped their price target on Retail Opportunity Investments from $14.00 to $15.00 and gave the stock an “underweight” rating in a research report on Tuesday, March 23rd. DA Davidson upped their price target on Retail Opportunity Investments from $12.00 to $18.00 in a research report on Wednesday, February 24th. Zacks Investment Research raised shares of Retail Opportunity Investments from a “sell” rating to a “hold” rating in a report on Saturday, April 3rd. Finally, Bank of America raised shares of Retail Opportunity Investments from an “underperform” rating to a “buy” rating and boosted their price objective for the company from $11.75 to $16.00 in a report on Tuesday, January 19th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $13.61.

Retail Opportunity Investments 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 September 30, 2020, ROIC owned 88 shopping centers encompassing approximately 10.1 million square feet.

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Institutional Ownership by Quarter for Retail Opportunity Investments (NASDAQ:ROIC)

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