ProShare Advisors LLC Reduces Stock Holdings in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

ProShare Advisors LLC cut its holdings in Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 23.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,045 shares of the real estate investment trust’s stock after selling 5,843 shares during the period. ProShare Advisors LLC’s holdings in Retail Opportunity Investments were worth $237,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Meeder Asset Management Inc. acquired a new position in Retail Opportunity Investments during the second quarter worth about $82,000. EntryPoint Capital LLC lifted its stake in Retail Opportunity Investments by 155.8% in the 1st quarter. EntryPoint Capital LLC now owns 8,717 shares of the real estate investment trust’s stock valued at $112,000 after buying an additional 5,309 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Retail Opportunity Investments during the 2nd quarter valued at $114,000. Lazard Asset Management LLC purchased a new position in Retail Opportunity Investments during the first quarter worth $128,000. Finally, First Trust Direct Indexing L.P. acquired a new position in shares of Retail Opportunity Investments in the first quarter worth $129,000. 97.16% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on ROIC. Wells Fargo & Company lifted 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 shares of Retail Opportunity Investments from a “sell” rating to a “hold” rating in a report on Monday, August 19th. Finally, Raymond James upped their price objective on shares of Retail Opportunity Investments from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Retail Opportunity Investments presently has a consensus rating of “Hold” and an average price target of $15.00.

Retail Opportunity Investments Stock Performance

NASDAQ ROIC opened at $15.57 on Friday. The business’s 50-day moving average price is $15.35 and its 200 day moving average price is $13.50. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.07. Retail Opportunity Investments Corp. has a twelve month low of $10.98 and a twelve month high of $16.20. The company has a market capitalization of $1.98 billion, a PE ratio of 51.90, a price-to-earnings-growth ratio of 2.10 and a beta of 1.45.

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

Retail Opportunity Investments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 20th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.85%. Retail Opportunity Investments’s dividend payout ratio (DPR) is presently 200.00%.

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.