Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC – Get Rating) by 8.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 57,728 shares of the real estate investment trust’s stock after acquiring an additional 4,468 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Retail Opportunity Investments were worth $794,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of ROIC. Meeder Asset Management Inc. grew its position in shares of Retail Opportunity Investments by 148.5% in the second quarter. Meeder Asset Management Inc. now owns 3,208 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 1,917 shares during the last quarter. Wipfli Financial Advisors LLC acquired a new stake in shares of Retail Opportunity Investments in the third quarter valued at about $61,000. KBC Group NV acquired a new stake in shares of Retail Opportunity Investments in the second quarter valued at about $159,000. Bank of Nova Scotia acquired a new stake in shares of Retail Opportunity Investments in the second quarter valued at about $179,000. Finally, M&T Bank Corp acquired a new stake in shares of Retail Opportunity Investments in the second quarter valued at about $199,000. 95.51% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Retail Opportunity Investments
In other Retail Opportunity Investments news, Director Laura H. Pomerantz sold 6,425 shares of Retail Opportunity Investments stock in a transaction that occurred on Monday, December 12th. The stock was sold at an average price of $15.55, for a total transaction of $99,908.75. Following the sale, the director now directly owns 59,704 shares of the company’s stock, valued at $928,397.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.80% of the company’s stock.
Retail Opportunity Investments Stock Up 2.1 %
Retail Opportunity Investments Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, December 29th. Investors of record on Thursday, December 15th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date of this dividend was Wednesday, December 14th. Retail Opportunity Investments’s dividend payout ratio (DPR) is presently 150.00%.
Analysts Set New Price Targets
Several brokerages have recently issued reports on ROIC. Raymond James downgraded Retail Opportunity Investments from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 4th. TheStreet downgraded Retail Opportunity Investments from a “b-” rating to a “c+” rating in a research report on Tuesday, October 25th. StockNews.com assumed coverage on Retail Opportunity Investments in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, BTIG Research downgraded Retail Opportunity Investments from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 11th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $17.00.
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 September 30, 2020, ROIC owned 88 shopping centers encompassing approximately 10.1 million square feet.
- Get a free copy of the StockNews.com research report on Retail Opportunity Investments (ROIC)
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