Retail Opportunity Investments Corp. (NASDAQ:ROIC) Holdings Decreased by Rhumbline Advisers

Rhumbline Advisers trimmed its position in shares of Retail Opportunity Investments Corp. (NASDAQ:ROICFree Report) by 1.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 428,094 shares of the real estate investment trust’s stock after selling 5,124 shares during the period. Rhumbline Advisers owned approximately 0.34% of Retail Opportunity Investments worth $5,300,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Davis Selected Advisers increased its stake in Retail Opportunity Investments by 3.5% during the third quarter. Davis Selected Advisers now owns 600,195 shares of the real estate investment trust’s stock valued at $7,430,000 after acquiring an additional 20,130 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Retail Opportunity Investments by 4.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,042,309 shares of the real estate investment trust’s stock valued at $25,284,000 after purchasing an additional 84,289 shares during the period. Sequoia Financial Advisors LLC grew its stake in shares of Retail Opportunity Investments by 10.6% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 14,176 shares of the real estate investment trust’s stock valued at $175,000 after purchasing an additional 1,358 shares during the period. Swiss National Bank grew its stake in shares of Retail Opportunity Investments by 1.8% in the 3rd quarter. Swiss National Bank now owns 277,000 shares of the real estate investment trust’s stock valued at $3,429,000 after purchasing an additional 4,800 shares during the period. Finally, Quantbot Technologies LP bought a new stake in shares of Retail Opportunity Investments in the 3rd quarter valued at approximately $1,168,000. 97.16% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ROIC has been the topic of several analyst reports. Bank of America lowered Retail Opportunity Investments from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $15.00 to $13.00 in a research note on Monday, November 6th. StockNews.com upgraded Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. Finally, KeyCorp upgraded Retail Opportunity Investments from a “sector weight” rating to an “overweight” rating and set a $16.00 price objective on the stock in a research note on Friday, January 5th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $15.00.

Read Our Latest Stock Analysis on Retail Opportunity Investments

Retail Opportunity Investments Stock Performance

Shares of Retail Opportunity Investments stock opened at $12.87 on Thursday. The company has a market capitalization of $1.63 billion, a PE ratio of 47.67, a PEG ratio of 7.47 and a beta of 1.44. Retail Opportunity Investments Corp. has a 12 month low of $10.98 and a 12 month high of $15.16. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.01. The stock’s fifty day simple moving average is $13.65 and its 200 day simple moving average is $13.07.

Retail Opportunity Investments (NASDAQ:ROICGet Free Report) last released its earnings results on Thursday, February 15th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.21). The firm had revenue of $84.60 million for the quarter, compared to the consensus estimate of $81.09 million. Retail Opportunity Investments had a return on equity of 2.53% and a net margin of 10.54%. Retail Opportunity Investments’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the company posted $0.27 EPS. On average, research analysts predict that Retail Opportunity Investments Corp. will post 1.07 EPS for the current year.

Retail Opportunity Investments Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 5th. Stockholders of record on Friday, March 15th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.66%. The ex-dividend date is Thursday, March 14th. Retail Opportunity Investments’s payout ratio is 222.23%.

Retail Opportunity Investments Profile

(Free Report)

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 September 30, 2023, ROIC owned 93 shopping centers encompassing approximately 10.6 million square feet.

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Institutional Ownership by Quarter for Retail Opportunity Investments (NASDAQ:ROIC)

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