13,127 Shares in Retail Opportunity Investments Corp. (NASDAQ:ROIC) Purchased by Metis Global Partners LLC

Metis Global Partners LLC acquired a new stake in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,127 shares of the real estate investment trust’s stock, valued at approximately $206,000.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Retail Opportunity Investments by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 19,815,894 shares of the real estate investment trust’s stock valued at $254,040,000 after purchasing an additional 160,068 shares during the last quarter. Principal Financial Group Inc. increased its position in Retail Opportunity Investments by 1.3% during the third quarter. Principal Financial Group Inc. now owns 6,107,593 shares of the real estate investment trust’s stock valued at $96,072,000 after acquiring an additional 75,803 shares during the last quarter. Federated Hermes Inc. raised its stake in shares of Retail Opportunity Investments by 2.9% in the second quarter. Federated Hermes Inc. now owns 4,557,646 shares of the real estate investment trust’s stock valued at $56,652,000 after acquiring an additional 127,799 shares during the period. Lasalle Investment Management Securities LLC lifted its holdings in shares of Retail Opportunity Investments by 14.8% in the 1st quarter. Lasalle Investment Management Securities LLC now owns 3,649,182 shares of the real estate investment trust’s stock worth $46,783,000 after acquiring an additional 469,905 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Retail Opportunity Investments by 3.7% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,300,317 shares of the real estate investment trust’s stock worth $41,023,000 after purchasing an additional 118,766 shares during the period. 97.16% of the stock is owned by institutional investors.

Retail Opportunity Investments Price Performance

Shares of ROIC stock opened at $17.38 on Wednesday. Retail Opportunity Investments Corp. has a twelve month low of $11.87 and a twelve month high of $17.40. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 1.04. The stock has a fifty day simple moving average of $16.06 and a two-hundred day simple moving average of $14.38. The stock has a market capitalization of $2.24 billion, a price-to-earnings ratio of 37.78 and a beta of 1.44.

Retail Opportunity Investments (NASDAQ:ROIC) last released its quarterly earnings data on Tuesday, October 22nd. The real estate investment trust reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). The business had revenue of $83.50 million during the quarter, compared to analysts’ expectations of $82.13 million. Retail Opportunity Investments had a return on equity of 4.32% and a net margin of 17.38%. The firm’s revenue was up 2.5% compared to the same quarter last year. During the same period last year, the company earned $0.27 earnings per share. On average, analysts predict that Retail Opportunity Investments Corp. will post 1.04 EPS for the current fiscal year.

Retail Opportunity Investments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 20th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.45%. The ex-dividend date of this dividend is Friday, December 20th. Retail Opportunity Investments’s payout ratio is 130.43%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ROIC shares. 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 objective 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 report on Thursday, November 7th. StockNews.com began coverage on Retail Opportunity Investments in a report on Monday. They set a “hold” rating for the company. Baird R W lowered Retail Opportunity Investments from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, BMO Capital Markets boosted their target price on shares of Retail Opportunity Investments from $17.00 to $17.50 and gave the company a “market perform” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, Retail Opportunity Investments currently has an average rating of “Hold” and a consensus target price of $16.17.

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.