9,187 Shares in Retail Opportunity Investments Corp. (NASDAQ:ROIC) Purchased by GAMMA Investing LLC

GAMMA Investing LLC acquired a new position in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 9,187 shares of the real estate investment trust’s stock, valued at approximately $125,000.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its position in Retail Opportunity Investments by 0.4% during the third quarter. Vanguard Group Inc. now owns 19,819,688 shares of the real estate investment trust’s stock valued at $245,368,000 after purchasing an additional 71,258 shares during the last quarter. Federated Hermes Inc. boosted its position in Retail Opportunity Investments by 10.8% during the fourth quarter. Federated Hermes Inc. now owns 4,216,242 shares of the real estate investment trust’s stock valued at $59,154,000 after purchasing an additional 409,837 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Retail Opportunity Investments by 45.5% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,830,264 shares of the real estate investment trust’s stock valued at $39,709,000 after purchasing an additional 884,914 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Retail Opportunity Investments by 4.3% during the third 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 last quarter. Finally, Schroder Investment Management Group acquired a new position in Retail Opportunity Investments during the third quarter valued at approximately $24,988,000. 97.16% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ROIC has been the subject of several recent research reports. Bank of America reissued an “underperform” rating and set a $12.00 price target (down from $14.50) on shares of Retail Opportunity Investments in a research report on Friday, April 5th. KeyCorp raised Retail Opportunity Investments from a “sector weight” rating to an “overweight” rating and set a $16.00 price objective for the company in a research report on Friday, January 5th. Finally, StockNews.com raised Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $14.75.

Retail Opportunity Investments Stock Performance

ROIC opened at $12.25 on Friday. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of 40.83 and a beta of 1.42. The business has a 50 day moving average of $12.62 and a 200-day moving average of $12.93. The company has a quick ratio of 1.38, a current ratio of 1.07 and a debt-to-equity ratio of 1.01. Retail Opportunity Investments Corp. has a 12-month low of $10.98 and a 12-month high of $15.16.

Retail Opportunity Investments (NASDAQ:ROIC) last released its quarterly earnings results on Thursday, February 15th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.21). The firm had revenue of $84.60 million for the quarter, compared to analyst estimates of $81.09 million. Retail Opportunity Investments had a return on equity of 2.75% and a net margin of 11.21%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.27 earnings per share. On average, equities research analysts expect that Retail Opportunity Investments Corp. will post 1.04 earnings per share for the current year.

Retail Opportunity Investments Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Friday, June 14th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.60 annualized dividend and a yield of 4.90%. Retail Opportunity Investments’s payout ratio is currently 200.00%.

Retail Opportunity Investments 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.