BNP Paribas Financial Markets Has $659,000 Stock Holdings in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

BNP Paribas Financial Markets reduced its position in Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 6.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 41,896 shares of the real estate investment trust’s stock after selling 2,720 shares during the period. BNP Paribas Financial Markets’ holdings in Retail Opportunity Investments were worth $659,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Retail Opportunity Investments by 3.7% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,300,317 shares of the real estate investment trust’s stock valued at $41,023,000 after acquiring an additional 118,766 shares in the last quarter. Stableford Capital II LLC lifted its position in shares of Retail Opportunity Investments by 62.7% during the 2nd quarter. Stableford Capital II LLC now owns 203,861 shares of the real estate investment trust’s stock valued at $2,746,000 after acquiring an additional 78,598 shares during the period. Louisiana State Employees Retirement System grew its holdings in shares of Retail Opportunity Investments by 2.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 64,100 shares of the real estate investment trust’s stock worth $797,000 after purchasing an additional 1,700 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Retail Opportunity Investments by 1.1% in the second quarter. Bank of New York Mellon Corp now owns 1,306,866 shares of the real estate investment trust’s stock worth $16,244,000 after purchasing an additional 13,883 shares during the period. Finally, Principal Financial Group Inc. raised its stake in Retail Opportunity Investments by 20.4% in the second 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 purchasing an additional 1,020,314 shares in the last quarter. Institutional investors own 97.16% of the company’s stock.

Retail Opportunity Investments Stock Performance

NASDAQ ROIC opened at $17.44 on Friday. The firm has a market cap of $2.24 billion, a P/E ratio of 37.91 and a beta of 1.47. 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 company’s 50 day moving average is $16.65 and its 200-day moving average is $14.94. Retail Opportunity Investments Corp. has a 12-month low of $11.87 and a 12-month high of $17.52.

Retail Opportunity Investments (NASDAQ:ROIC) last announced its quarterly earnings results on Tuesday, October 22nd. The real estate investment trust reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01). Retail Opportunity Investments had a net margin of 17.38% and a return on equity of 4.32%. The firm had revenue of $83.50 million during the quarter, compared to the consensus estimate of $82.13 million. During the same period in the previous year, the business earned $0.27 earnings per share. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. Sell-side analysts predict that Retail Opportunity Investments Corp. will post 1.04 earnings per share for the current 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. This represents a $0.60 annualized dividend and a dividend yield of 3.44%. The ex-dividend date of this dividend is Friday, December 20th. Retail Opportunity Investments’s dividend payout ratio is 130.43%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Wells Fargo & Company upped their price target on shares of Retail Opportunity Investments from $13.50 to $16.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 28th. Robert W. Baird reaffirmed a “neutral” rating and issued a $17.50 target price (up previously from $16.00) on shares of Retail Opportunity Investments in a report on Thursday, November 7th. Baird R W lowered Retail Opportunity Investments from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Raymond James downgraded Retail Opportunity Investments from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 30th. Finally, KeyCorp cut Retail Opportunity Investments from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat.com, Retail Opportunity Investments currently has a consensus rating of “Hold” and a consensus price target of $16.17.

About Retail Opportunity Investments

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.