Mutual of America Capital Management LLC Sells 1,779 Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Mutual of America Capital Management LLC trimmed its holdings in Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 8.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of ROIC. Principal Financial Group Inc. raised its position in shares of Retail Opportunity Investments by 1.3% in the third quarter. Principal Financial Group Inc. now owns 6,107,593 shares of the real estate investment trust’s stock valued at $96,072,000 after purchasing an additional 75,803 shares during the period. Federated Hermes Inc. raised its holdings in shares of Retail Opportunity Investments by 2.9% during the second quarter. Federated Hermes Inc. now owns 4,557,646 shares of the real estate investment trust’s stock valued at $56,652,000 after purchasing an additional 127,799 shares during the last quarter. Lasalle Investment Management Securities LLC increased its position in shares of Retail Opportunity Investments by 14.8% during the 1st quarter. Lasalle Investment Management Securities LLC now owns 3,649,182 shares of the real estate investment trust’s stock valued at $46,783,000 after purchasing an additional 469,905 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Retail Opportunity Investments by 3.7% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,300,317 shares of the real estate investment trust’s stock valued at $41,023,000 after buying an additional 118,766 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Retail Opportunity Investments by 2.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,834,124 shares of the real estate investment trust’s stock valued at $22,798,000 after buying an additional 39,980 shares in the last quarter. 97.16% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ROIC has been the topic of several recent analyst reports. BMO Capital Markets lifted their price objective on shares of Retail Opportunity Investments from $17.00 to $17.50 and gave the company a “market perform” rating in a research report on Friday, November 8th. Wells Fargo & Company increased their price objective on shares of Retail Opportunity Investments from $13.50 to $16.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 28th. StockNews.com assumed coverage on Retail Opportunity Investments in a report on Tuesday. They set a “hold” rating for the company. Robert W. Baird reissued a “neutral” rating and issued a $17.50 price target (up previously from $16.00) on shares of Retail Opportunity Investments in a report on Thursday, November 7th. Finally, Raymond James downgraded Retail Opportunity Investments from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, Retail Opportunity Investments presently has a consensus rating of “Hold” and a consensus price target of $16.17.

Retail Opportunity Investments Trading Down 0.1 %

NASDAQ:ROIC 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. Retail Opportunity Investments Corp. has a 1 year low of $11.87 and a 1 year high of $17.43. The stock has a market cap of $2.24 billion, a P/E ratio of 37.80 and a beta of 1.44. The stock has a 50-day simple moving average of $16.26 and a 200-day simple moving average of $14.57.

Retail Opportunity Investments (NASDAQ:ROIC) last posted its quarterly earnings data on Tuesday, October 22nd. The real estate investment trust reported $0.25 earnings per share 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%. Retail Opportunity Investments’s revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.27 earnings per share. As a group, analysts anticipate that Retail Opportunity Investments Corp. will post 1.04 earnings per share for the current fiscal year.

Retail Opportunity Investments Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 20th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.45%. The ex-dividend date is Friday, December 20th. Retail Opportunity Investments’s dividend 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.