Dark Forest Capital Management LP Lowers Stock Holdings in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Dark Forest Capital Management LP lessened its position in Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 47.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 14,488 shares of the real estate investment trust’s stock after selling 13,062 shares during the period. Dark Forest Capital Management LP’s holdings in Retail Opportunity Investments were worth $180,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its stake in Retail Opportunity Investments by 50.9% in the 2nd quarter. AQR Capital Management LLC now owns 215,539 shares of the real estate investment trust’s stock valued at $2,679,000 after buying an additional 72,718 shares in the last quarter. Caxton Associates LP purchased a new stake in Retail Opportunity Investments in the 2nd quarter valued at about $147,000. Squarepoint Ops LLC acquired a new position in Retail Opportunity Investments during the second quarter worth approximately $992,000. Point72 DIFC Ltd increased its holdings in shares of Retail Opportunity Investments by 71.8% during the 2nd quarter. Point72 DIFC Ltd now owns 7,523 shares of the real estate investment trust’s stock worth $94,000 after buying an additional 3,145 shares during the last quarter. Finally, Magnetar Financial LLC purchased a new position in shares of Retail Opportunity Investments in the 2nd quarter worth $128,000. Hedge funds and other institutional investors own 97.16% of the company’s stock.

Analyst Ratings Changes

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

Retail Opportunity Investments Stock Up 0.6 %

ROIC stock opened at $15.73 on Tuesday. Retail Opportunity Investments Corp. has a fifty-two week low of $10.98 and a fifty-two week high of $16.20. 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 stock has a market cap of $2.00 billion, a PE ratio of 52.43, a price-to-earnings-growth ratio of 2.10 and a beta of 1.45. The firm’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 company had revenue of $83.32 million for the quarter, compared to analyst estimates of $81.19 million. Retail Opportunity Investments had a net margin of 10.40% and a return on equity of 2.57%. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.27 EPS. As a group, sell-side analysts predict that Retail Opportunity Investments Corp. will post 1.05 EPS for the current year.

Retail Opportunity Investments Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 20th will be issued a $0.15 dividend. The ex-dividend date is Friday, September 20th. This represents a $0.60 annualized dividend and a dividend yield of 3.81%. Retail Opportunity Investments’s dividend payout ratio is currently 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.