Swiss National Bank Sells 31,800 Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Swiss National Bank trimmed its holdings in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 10.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 268,900 shares of the real estate investment trust’s stock after selling 31,800 shares during the quarter. Swiss National Bank owned 0.21% of Retail Opportunity Investments worth $3,754,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Retail Opportunity Investments by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 19,702,232 shares of the real estate investment trust’s stock valued at $271,103,000 after purchasing an additional 366,091 shares during the last quarter. State Street Corp boosted its stake in shares of Retail Opportunity Investments by 1.8% in the 2nd quarter. State Street Corp now owns 7,517,150 shares of the real estate investment trust’s stock valued at $119,552,000 after purchasing an additional 134,483 shares during the last quarter. Federated Hermes Inc. boosted its stake in shares of Retail Opportunity Investments by 42.1% in the 1st quarter. Federated Hermes Inc. now owns 3,435,254 shares of the real estate investment trust’s stock valued at $47,956,000 after purchasing an additional 1,017,352 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Retail Opportunity Investments by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 2,636,871 shares of the real estate investment trust’s stock valued at $39,632,000 after purchasing an additional 84,779 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Retail Opportunity Investments by 91.9% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,244,645 shares of the real estate investment trust’s stock valued at $31,335,000 after purchasing an additional 1,074,859 shares during the last quarter. 97.16% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ROIC has been the topic of a number of analyst reports. StockNews.com raised shares of Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research note on Monday, August 28th. Wells Fargo & Company started coverage on shares of Retail Opportunity Investments in a research note on Tuesday, May 23rd. They set an “overweight” rating and a $14.00 target price on the stock. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $15.50.

Retail Opportunity Investments Stock Performance

ROIC opened at $13.39 on Friday. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 1.00. The company’s fifty day moving average price is $13.94 and its two-hundred day moving average price is $13.49. Retail Opportunity Investments Corp. has a 1-year low of $11.97 and a 1-year high of $17.50. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 36.19, a PEG ratio of 3.32 and a beta of 1.40.

Retail Opportunity Investments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 6th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.60 annualized dividend and a yield of 4.48%. Retail Opportunity Investments’s payout ratio is 162.16%.

Insiders Place Their Bets

In other Retail Opportunity Investments news, Director Laura H. Pomerantz sold 4,000 shares of the company’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $13.46, for a total transaction of $53,840.00. Following the transaction, the director now owns 51,557 shares in the company, valued at $693,957.22. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 3.00% of the company’s stock.

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