Creative Planning Purchases 1,194 Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Creative Planning raised its position in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 6.7% in the third quarter, HoldingsChannel reports. The fund owned 18,988 shares of the real estate investment trust’s stock after acquiring an additional 1,194 shares during the period. Creative Planning’s holdings in Retail Opportunity Investments were worth $299,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in shares of Retail Opportunity Investments by 27.7% during the third quarter. GAMMA Investing LLC now owns 9,351 shares of the real estate investment trust’s stock worth $147,000 after acquiring an additional 2,028 shares during the period. Handelsbanken Fonder AB boosted its holdings in shares of Retail Opportunity Investments by 10.0% during the third quarter. Handelsbanken Fonder AB now owns 48,597 shares of the real estate investment trust’s stock worth $764,000 after acquiring an additional 4,400 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Retail Opportunity Investments by 208.6% during the third quarter. SG Americas Securities LLC now owns 35,238 shares of the real estate investment trust’s stock worth $554,000 after acquiring an additional 23,821 shares during the period. Point72 DIFC Ltd boosted its holdings in shares of Retail Opportunity Investments by 71.8% during the second quarter. Point72 DIFC Ltd now owns 7,523 shares of the real estate investment trust’s stock worth $94,000 after acquiring an additional 3,145 shares during the period. Finally, Point72 Asset Management L.P. bought a new stake in shares of Retail Opportunity Investments during the second quarter worth approximately $177,000. Institutional investors own 97.16% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Robert W. Baird reiterated a “neutral” rating and issued a $17.50 price target (up from $16.00) on shares of Retail Opportunity Investments in a research report on Thursday. KeyCorp downgraded shares of Retail Opportunity Investments from an “overweight” rating to a “sector weight” rating in a research report on Tuesday. Raymond James downgraded shares of Retail Opportunity Investments from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 30th. Bank of America assumed coverage on shares of Retail Opportunity Investments in a research report on Thursday, October 24th. They issued an “underperform” rating and a $14.00 price target for the company. Finally, Baird R W downgraded shares of Retail Opportunity Investments from a “strong-buy” rating to a “hold” rating in a research report on Thursday. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $16.17.

Retail Opportunity Investments Stock Up 0.1 %

Shares of ROIC opened at $17.33 on Friday. Retail Opportunity Investments Corp. has a one year low of $11.80 and a one year high of $17.40. The company has a market cap of $2.23 billion, a P/E ratio of 37.67 and a beta of 1.44. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.92 and a quick ratio of 1.92. The firm has a 50 day simple moving average of $15.75 and a two-hundred day simple moving average of $14.11.

Retail Opportunity Investments (NASDAQ:ROIC) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $82.13 million. During the same quarter in the prior year, the firm earned $0.27 earnings per share. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. Research analysts forecast that Retail Opportunity Investments Corp. will post 1.04 EPS for the current fiscal year.

Retail Opportunity Investments Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 20th will be given 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 yield of 3.46%. Retail Opportunity Investments’s dividend 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.