XTX Topco Ltd Takes $267,000 Position in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

XTX Topco Ltd acquired a new position in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 17,003 shares of the real estate investment trust’s stock, valued at approximately $267,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quantinno Capital Management LP boosted its stake in shares of Retail Opportunity Investments by 22.9% during the 3rd quarter. Quantinno Capital Management LP now owns 23,073 shares of the real estate investment trust’s stock worth $363,000 after purchasing an additional 4,302 shares during the last quarter. Point72 Asset Management L.P. boosted its position in Retail Opportunity Investments by 103.2% during the third quarter. Point72 Asset Management L.P. now owns 28,850 shares of the real estate investment trust’s stock worth $454,000 after acquiring an additional 14,650 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. grew its stake in Retail Opportunity Investments by 78.1% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 7,122 shares of the real estate investment trust’s stock worth $112,000 after acquiring an additional 3,124 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Retail Opportunity Investments by 296.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 952,252 shares of the real estate investment trust’s stock valued at $14,979,000 after acquiring an additional 711,835 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Retail Opportunity Investments during the 3rd quarter worth $770,000. Hedge funds and other institutional investors own 97.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on ROIC shares. Bank of America began coverage on Retail Opportunity Investments in a research report on Thursday, October 24th. They issued an “underperform” rating and a $14.00 price objective for the company. Robert W. Baird reaffirmed a “neutral” rating and set a $17.50 price objective (up previously from $16.00) on shares of Retail Opportunity Investments in a research note on Thursday, November 7th. StockNews.com initiated coverage on shares of Retail Opportunity Investments in a research report on Thursday, December 12th. They issued a “hold” rating 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 research report on Wednesday, August 28th. Finally, KeyCorp lowered shares of Retail Opportunity Investments from an “overweight” rating to a “sector weight” rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $16.17.

Retail Opportunity Investments Price Performance

ROIC opened at $17.43 on Thursday. Retail Opportunity Investments Corp. has a 52-week low of $11.87 and a 52-week high of $17.52. The company has a 50 day moving average of $16.77 and a two-hundred day moving average of $15.09. The company has a market cap of $2.24 billion, a P/E ratio of 37.89 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.

Retail Opportunity Investments (NASDAQ:ROIC) last announced its quarterly earnings results on Tuesday, October 22nd. The real estate investment trust reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $82.13 million. During the same period last year, the company posted $0.27 earnings per share. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, analysts expect that Retail Opportunity Investments Corp. will post 1.04 earnings per share for the current year.

Retail Opportunity Investments Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 20th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.60 annualized dividend and a dividend yield of 3.44%. Retail Opportunity Investments’s payout ratio is currently 130.43%.

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.