Teacher Retirement System of Texas Acquires 1,594 Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Teacher Retirement System of Texas raised its holdings in Retail Opportunity Investments Corp. (NASDAQ:ROICGet Rating) by 6.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,101 shares of the real estate investment trust’s stock after buying an additional 1,594 shares during the period. Teacher Retirement System of Texas’ holdings in Retail Opportunity Investments were worth $487,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Bank of America Corp DE lifted its stake in shares of Retail Opportunity Investments by 7.9% in the fourth quarter. Bank of America Corp DE now owns 400,757 shares of the real estate investment trust’s stock valued at $7,855,000 after buying an additional 29,467 shares in the last quarter. Mutual of America Capital Management LLC lifted its stake in shares of Retail Opportunity Investments by 5.5% in the first quarter. Mutual of America Capital Management LLC now owns 17,497 shares of the real estate investment trust’s stock valued at $339,000 after buying an additional 908 shares in the last quarter. Citigroup Inc. lifted its stake in shares of 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 valued at $4,531,000 after buying an additional 7,223 shares in the last quarter. Whittier Trust Co. lifted its stake in shares of Retail Opportunity Investments by 6.1% in the first 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 in the last quarter. Finally, First Foundation Advisors lifted its position in shares of Retail Opportunity Investments by 2.9% during the first quarter. First Foundation Advisors now owns 22,824 shares of the real estate investment trust’s stock valued at $443,000 after purchasing an additional 638 shares in the last quarter. 96.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ROIC. Jefferies Financial Group reduced their price objective on shares of Retail Opportunity Investments from $20.00 to $15.00 in a research report on Thursday, June 30th. StockNews.com raised Retail Opportunity Investments from a “sell” rating to a “hold” rating in a report on Friday, August 5th.

Retail Opportunity Investments Stock Performance

ROIC stock opened at $17.34 on Wednesday. The firm has a market cap of $2.16 billion, a PE ratio of 41.29, a P/E/G ratio of 2.11 and a beta of 1.37. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.97. The business has a 50 day moving average of $16.62 and a 200-day moving average of $17.77. Retail Opportunity Investments Corp. has a 12-month low of $15.06 and a 12-month high of $20.09.

Retail Opportunity Investments (NASDAQ:ROICGet Rating) last released its earnings results on Tuesday, July 26th. The real estate investment trust reported $0.09 earnings per share (EPS) 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 prior year, the business earned $0.25 earnings per share. As a group, sell-side analysts expect that Retail Opportunity Investments Corp. will post 1.1 earnings per share for the current year.

Retail Opportunity Investments Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 7th. Shareholders of record on Friday, September 16th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.46%. This is a positive change from Retail Opportunity Investments’s previous quarterly dividend of $0.13. The ex-dividend date is Thursday, September 15th. Retail Opportunity Investments’s dividend payout ratio is 123.81%.

Retail Opportunity Investments 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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