Point72 DIFC Ltd Has $94,000 Position in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Point72 DIFC Ltd increased its position in Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 71.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,523 shares of the real estate investment trust’s stock after buying an additional 3,145 shares during the period. Point72 DIFC Ltd’s holdings in Retail Opportunity Investments were worth $94,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ROIC. Meeder Asset Management Inc. acquired a new stake in shares of Retail Opportunity Investments in the second quarter worth about $82,000. EntryPoint Capital LLC boosted its stake in Retail Opportunity Investments by 155.8% during the 1st quarter. EntryPoint Capital LLC now owns 8,717 shares of the real estate investment trust’s stock valued at $112,000 after purchasing an additional 5,309 shares during the period. Headlands Technologies LLC acquired a new stake in Retail Opportunity Investments in the 2nd quarter valued at approximately $114,000. Lazard Asset Management LLC bought a new position in Retail Opportunity Investments in the 1st quarter worth approximately $128,000. Finally, Magnetar Financial LLC acquired a new position in shares of Retail Opportunity Investments during the second quarter worth approximately $128,000. 97.16% of the stock is currently owned by institutional investors and hedge funds.

Retail Opportunity Investments Stock Down 0.2 %

ROIC opened at $15.70 on Wednesday. The company has a market capitalization of $2.00 billion, a P/E ratio of 52.33, a P/E/G ratio of 2.10 and a beta of 1.45. The firm’s fifty day moving average price is $15.14 and its two-hundred day moving average price is $13.43. 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 debt-to-equity ratio of 1.07, a current ratio of 1.38 and a quick ratio of 1.38.

Retail Opportunity Investments (NASDAQ:ROIC) last released 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 business 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 company’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.27 earnings per share. On average, analysts anticipate that Retail Opportunity Investments Corp. will post 1.05 EPS for the current year.

Retail Opportunity Investments Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 20th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, September 20th. This represents a $0.60 annualized dividend and a yield of 3.82%. Retail Opportunity Investments’s dividend payout ratio (DPR) is 200.00%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research note on Monday, August 19th. Raymond James increased 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, Wells Fargo & Company boosted their price objective on shares of Retail Opportunity Investments from $13.50 to $16.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 28th. 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 has an average rating of “Hold” and a consensus target price of $15.00.

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.