Retail Opportunity Investments Corp. (NASDAQ:ROIC) Stock Holdings Raised by Strategy Asset Managers LLC

Strategy Asset Managers LLC grew its holdings in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 57.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 876,179 shares of the real estate investment trust’s stock after buying an additional 320,520 shares during the period. Retail Opportunity Investments accounts for approximately 2.6% of Strategy Asset Managers LLC’s holdings, making the stock its 8th biggest position. Strategy Asset Managers LLC owned 0.68% of Retail Opportunity Investments worth $13,782,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Principal Financial Group Inc. grew its stake in shares of Retail Opportunity Investments by 20.4% in the 2nd quarter. Principal Financial Group Inc. now owns 6,031,790 shares of the real estate investment trust’s stock worth $74,975,000 after buying an additional 1,020,314 shares during the last quarter. Lasalle Investment Management Securities LLC grew its stake in shares of Retail Opportunity Investments by 14.8% in the first quarter. Lasalle Investment Management Securities LLC now owns 3,649,182 shares of the real estate investment trust’s stock worth $46,783,000 after acquiring an additional 469,905 shares during the last quarter. Easterly Investment Partners LLC purchased a new stake in shares of Retail Opportunity Investments in the third quarter worth $4,556,000. Vanguard Group Inc. increased its holdings in shares of Retail Opportunity Investments by 0.8% during the first quarter. Vanguard Group Inc. now owns 19,815,894 shares of the real estate investment trust’s stock valued at $254,040,000 after acquiring an additional 160,068 shares in the last quarter. Finally, Federated Hermes Inc. grew its position in Retail Opportunity Investments by 2.9% during the 2nd 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. 97.16% of the stock is owned by hedge funds and other institutional investors.

Retail Opportunity Investments Price Performance

NASDAQ:ROIC opened at $17.38 on Wednesday. The stock has a market cap of $2.24 billion, a PE ratio of 37.78 and a beta of 1.44. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 1.04. The business’s 50-day simple moving average is $16.06 and its two-hundred day simple moving average is $14.38. Retail Opportunity Investments Corp. has a 52 week low of $11.87 and a 52 week high of $17.40.

Retail Opportunity Investments (NASDAQ:ROIC) last posted its quarterly earnings results 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). Retail Opportunity Investments had a return on equity of 4.32% and a net margin of 17.38%. The business had revenue of $83.50 million during the quarter, compared to the consensus estimate of $82.13 million. During the same quarter in the previous year, the company earned $0.27 earnings per share. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, analysts forecast that Retail Opportunity Investments Corp. will post 1.04 EPS for the current fiscal year.

Retail Opportunity Investments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 20th will be issued a $0.15 dividend. The ex-dividend date is Friday, December 20th. This represents a $0.60 annualized dividend and a dividend yield of 3.45%. Retail Opportunity Investments’s dividend payout ratio (DPR) is 130.43%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. StockNews.com started coverage on shares of Retail Opportunity Investments in a report on Monday. They issued a “hold” rating for the company. Wells Fargo & Company raised their price target on Retail Opportunity Investments from $13.50 to $16.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 28th. BMO Capital Markets increased their target price on Retail Opportunity Investments from $17.00 to $17.50 and gave the company a “market perform” rating in a report on Friday, November 8th. Baird R W lowered shares of Retail Opportunity Investments from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, Raymond James lowered shares of Retail Opportunity Investments from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $16.17.

Retail Opportunity Investments Company 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 December 31, 2023, ROIC owned 94 shopping centers encompassing approximately 10.6 million square feet.