Retail Opportunity Investments Corp. (NASDAQ:ROIC) Shares Sold by Marshall Wace LLP

Marshall Wace LLP lowered its position in Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 54.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 618,743 shares of the real estate investment trust’s stock after selling 729,134 shares during the quarter. Marshall Wace LLP owned 0.49% of Retail Opportunity Investments worth $7,691,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in ROIC. Norges Bank acquired a new position in shares of Retail Opportunity Investments in the 4th quarter valued at about $11,328,000. Lasalle Investment Management Securities LLC increased its position in shares of Retail Opportunity Investments by 43.7% in the fourth quarter. Lasalle Investment Management Securities LLC now owns 3,179,277 shares of the real estate investment trust’s stock worth $44,605,000 after acquiring an additional 966,860 shares in the last quarter. Centersquare Investment Management LLC raised its stake in shares of Retail Opportunity Investments by 31.7% in the 4th quarter. Centersquare Investment Management LLC now owns 8,747,743 shares of the real estate investment trust’s stock valued at $122,731,000 after acquiring an additional 2,105,436 shares during the period. Verition Fund Management LLC lifted its holdings in shares of Retail Opportunity Investments by 93.3% during the 4th quarter. Verition Fund Management LLC now owns 828,988 shares of the real estate investment trust’s stock valued at $11,631,000 after acquiring an additional 400,195 shares in the last quarter. Finally, Lighthouse Investment Partners LLC purchased a new stake in Retail Opportunity Investments during the 4th quarter worth $8,418,000. Hedge funds and other institutional investors own 97.16% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on ROIC. StockNews.com raised Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research report on Monday, August 19th. Wells Fargo & Company raised their target price on Retail Opportunity Investments from $13.50 to $16.00 and gave the company an “equal weight” rating in a report on Wednesday, August 28th. Finally, Raymond James upped their price target on Retail Opportunity Investments from $15.00 to $16.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $15.00.

Retail Opportunity Investments Trading Up 1.0 %

NASDAQ:ROIC opened at $15.63 on Monday. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 52.10, a price-to-earnings-growth ratio of 2.10 and a beta of 1.45. Retail Opportunity Investments Corp. has a one year low of $10.98 and a one year high of $16.20. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.38 and a current ratio of 1.38. The business’s 50-day simple moving average is $15.10 and its 200 day simple moving average is $13.40.

Retail Opportunity Investments (NASDAQ:ROIC) last released its earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.06 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.19). The business had revenue of $83.32 million for the quarter, compared to analysts’ expectations of $81.19 million. Retail Opportunity Investments had a net margin of 10.40% and a return on equity of 2.57%. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.27 earnings per share. As a group, sell-side analysts predict that Retail Opportunity Investments Corp. will post 1.05 earnings per share for the current fiscal year.

Retail Opportunity Investments Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 20th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, September 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.84%. Retail Opportunity Investments’s dividend payout ratio (DPR) is presently 200.00%.

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.