Retail Opportunity Investments Corp. (NASDAQ:ROIC) Stock Holdings Increased by MQS Management LLC

MQS Management LLC boosted its holdings in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 65.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,653 shares of the real estate investment trust’s stock after purchasing an additional 15,319 shares during the period. MQS Management LLC’s holdings in Retail Opportunity Investments were worth $480,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. lifted its holdings in shares of Retail Opportunity Investments by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,100,480 shares of the real estate investment trust’s stock valued at $29,470,000 after purchasing an additional 58,171 shares during the last quarter. Norges Bank purchased a new stake in Retail Opportunity Investments during the fourth quarter valued at about $11,328,000. Allstate Corp boosted its holdings in shares of Retail Opportunity Investments by 20.4% in the fourth quarter. Allstate Corp now owns 129,189 shares of the real estate investment trust’s stock worth $1,813,000 after buying an additional 21,895 shares during the period. Evoke Wealth LLC purchased a new position in shares of Retail Opportunity Investments in the fourth quarter worth approximately $2,291,000. Finally, 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. 97.16% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ROIC has been the subject of several research analyst reports. StockNews.com upgraded shares of Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research report on Monday, August 19th. Wells Fargo & Company increased 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 lifted their price target on Retail Opportunity Investments from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Friday, August 16th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Retail Opportunity Investments presently has a consensus rating of “Hold” and a consensus target price of $15.00.

Retail Opportunity Investments Stock Up 1.5 %

Retail Opportunity Investments stock opened at $15.96 on Friday. Retail Opportunity Investments Corp. has a twelve month low of $10.98 and a twelve month 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 firm has a market cap of $2.03 billion, a PE ratio of 53.20, a P/E/G ratio of 2.01 and a beta of 1.45. The firm’s 50 day moving average price is $14.81 and its two-hundred day moving average price is $13.28.

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

Retail Opportunity Investments Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 20th 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 3.76%. The ex-dividend date of this dividend is Friday, September 20th. Retail Opportunity Investments’s dividend payout ratio (DPR) is presently 200.00%.

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.