Vanguard Group Inc. Has $275.77 Million Stake in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Vanguard Group Inc. lowered its stake in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 0.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 19,655,826 shares of the real estate investment trust’s stock after selling 163,862 shares during the quarter. Vanguard Group Inc. owned 0.15% of Retail Opportunity Investments worth $275,771,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Evoke Wealth LLC acquired a new position in Retail Opportunity Investments in the fourth quarter valued at about $2,291,000. Qube Research & Technologies Ltd boosted its position in shares of Retail Opportunity Investments by 559.0% during the 3rd quarter. Qube Research & Technologies Ltd now owns 189,585 shares of the real estate investment trust’s stock worth $2,347,000 after acquiring an additional 160,818 shares in the last quarter. Principal Financial Group Inc. increased its stake in Retail Opportunity Investments by 158.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,753,614 shares of the real estate investment trust’s stock valued at $24,603,000 after acquiring an additional 1,074,741 shares during the last quarter. Lindbrook Capital LLC raised its position in Retail Opportunity Investments by 61.9% during the fourth quarter. Lindbrook Capital LLC now owns 2,514 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 961 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Retail Opportunity Investments by 17.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 101,725 shares of the real estate investment trust’s stock worth $1,427,000 after purchasing an additional 15,298 shares during the last quarter. Institutional investors own 97.16% of the company’s stock.

Retail Opportunity Investments Stock Up 0.3 %

Shares of ROIC opened at $12.43 on Monday. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 41.43 and a beta of 1.43. Retail Opportunity Investments Corp. has a 52 week low of $10.98 and a 52 week high of $15.16. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a fifty day moving average of $12.39 and a 200-day moving average of $12.95.

Retail Opportunity Investments Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.83%. The ex-dividend date is Friday, June 14th. Retail Opportunity Investments’s payout ratio is 200.00%.

Analyst Ratings Changes

ROIC has been the subject of a number of research analyst reports. Wells Fargo & Company lowered their price target on Retail Opportunity Investments from $14.00 to $13.50 and set an “equal weight” rating for the company in a report on Tuesday, May 28th. Bank of America reissued an “underperform” rating and issued a $12.00 target price (down previously from $14.50) on shares of Retail Opportunity Investments in a report on Friday, April 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Retail Opportunity Investments currently has a consensus rating of “Hold” and a consensus price target of $14.38.

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.