Comerica Bank Has $1.34 Million Holdings in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Comerica Bank lowered its position in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC – Get Rating) by 10.0% during the third quarter, Holdings Channel reports. The fund owned 95,101 shares of the real estate investment trust’s stock after selling 10,600 shares during the quarter. Comerica Bank’s holdings in Retail Opportunity Investments were worth $1,341,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dupont Capital Management Corp grew its position in Retail Opportunity Investments by 411.0% during the second quarter. Dupont Capital Management Corp now owns 51,139 shares of the real estate investment trust’s stock valued at $807,000 after purchasing an additional 41,132 shares in the last quarter. Principal Financial Group Inc. grew its position in Retail Opportunity Investments by 13.1% during the second quarter. Principal Financial Group Inc. now owns 907,006 shares of the real estate investment trust’s stock valued at $14,313,000 after purchasing an additional 104,718 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in Retail Opportunity Investments by 9.2% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 59,474 shares of the real estate investment trust’s stock valued at $938,000 after purchasing an additional 4,993 shares in the last quarter. Keybank National Association OH purchased a new position in Retail Opportunity Investments during the second quarter valued at approximately $242,000. Finally, Maryland State Retirement & Pension System grew its position in Retail Opportunity Investments by 3.4% during the second quarter. Maryland State Retirement & Pension System now owns 50,329 shares of the real estate investment trust’s stock valued at $794,000 after purchasing an additional 1,638 shares in the last quarter. 95.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ROIC shares. TheStreet downgraded shares of Retail Opportunity Investments from a “b-” rating to a “c+” rating in a research report on Tuesday, October 25th. StockNews.com began coverage on shares of Retail Opportunity Investments in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Raymond James downgraded shares of Retail Opportunity Investments from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 4th. Finally, BTIG Research downgraded shares of Retail Opportunity Investments from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 11th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $17.00.

Insider Transactions at Retail Opportunity Investments

In other news, Director Laura H. Pomerantz sold 6,425 shares of the business’s stock in a transaction on Monday, December 12th. The shares were sold at an average price of $15.55, for a total value of $99,908.75. Following the completion of the sale, the director now directly owns 59,704 shares in the company, valued at $928,397.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.80% of the stock is owned by corporate insiders.

Retail Opportunity Investments Price Performance

Shares of Retail Opportunity Investments stock opened at $15.42 on Monday. The firm has a fifty day simple moving average of $15.14 and a 200-day simple moving average of $15.54. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.98. Retail Opportunity Investments Corp. has a 1-year low of $13.35 and a 1-year high of $20.00. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of 38.55, a PEG ratio of 2.26 and a beta of 1.32.

Retail Opportunity Investments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 29th. Stockholders of record on Thursday, December 15th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date of this dividend was Wednesday, December 14th. Retail Opportunity Investments’s payout ratio is 150.00%.

About Retail Opportunity Investments

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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.