Blue Trust Inc. Buys 9,130 Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Blue Trust Inc. grew its stake in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 694.3% in the third quarter, HoldingsChannel.com reports. The fund owned 10,445 shares of the real estate investment trust’s stock after acquiring an additional 9,130 shares during the quarter. Blue Trust Inc.’s holdings in Retail Opportunity Investments were worth $164,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Retail Opportunity Investments by 0.8% during the 1st 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 during the period. Centersquare Investment Management LLC lifted its position in shares of Retail Opportunity Investments by 6.5% during the 1st quarter. Centersquare Investment Management LLC now owns 9,319,113 shares of the real estate investment trust’s stock valued at $114,346,000 after acquiring an additional 571,370 shares during the period. Principal Financial Group Inc. lifted its position in shares of Retail Opportunity Investments by 20.4% during the 2nd quarter. Principal Financial Group Inc. now owns 6,031,790 shares of the real estate investment trust’s stock valued at $74,975,000 after acquiring an additional 1,020,314 shares during the period. Federated Hermes Inc. lifted its position in shares of 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 acquiring an additional 127,799 shares during the period. Finally, Lasalle Investment Management Securities LLC lifted its position in shares of Retail Opportunity Investments by 14.8% during the 1st quarter. Lasalle Investment Management Securities LLC now owns 3,649,182 shares of the real estate investment trust’s stock valued at $46,783,000 after acquiring an additional 469,905 shares during the period. 97.16% of the stock is currently owned by institutional investors.

Retail Opportunity Investments Price Performance

Shares of ROIC stock opened at $15.63 on Friday. Retail Opportunity Investments Corp. has a twelve month low of $10.98 and a twelve month high of $16.27. The business has a fifty day simple moving average of $15.56 and a 200 day simple moving average of $13.84. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.07. The company has a market cap of $1.99 billion, a P/E ratio of 33.98, a P/E/G ratio of 2.08 and a beta of 1.45.

Retail Opportunity Investments (NASDAQ:ROIC) last issued its earnings results on Tuesday, October 22nd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). Retail Opportunity Investments had a return on equity of 4.33% and a net margin of 17.38%. The firm had revenue of $83.50 million during the quarter, compared to analyst estimates of $82.13 million. During the same period in the previous year, the company earned $0.27 EPS. Retail Opportunity Investments’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, sell-side analysts forecast that Retail Opportunity Investments Corp. will post 1.05 EPS for the current fiscal year.

Retail Opportunity Investments Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 20th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.60 dividend on an annualized basis and a yield of 3.84%. Retail Opportunity Investments’s payout ratio is presently 130.43%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Bank of America began coverage on Retail Opportunity Investments in a research report on Thursday. They set an “underperform” rating and a $14.00 target price for the company. Wells Fargo & Company upped their price objective on Retail Opportunity Investments from $13.50 to $16.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 28th. StockNews.com upgraded Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research report on Monday, August 19th. Finally, Raymond James upped their price objective on Retail Opportunity Investments from $15.00 to $16.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. One 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $15.50.

Retail Opportunity Investments 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.