Barclays PLC Sells 7,632 Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Barclays PLC lowered its stake in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 9.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 70,379 shares of the real estate investment trust’s stock after selling 7,632 shares during the quarter. Barclays PLC owned about 0.06% of Retail Opportunity Investments worth $950,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Tower Research Capital LLC TRC boosted its stake in Retail Opportunity Investments by 189.7% during the first quarter. Tower Research Capital LLC TRC now owns 2,497 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 1,635 shares in the last quarter. Signaturefd LLC boosted its stake in Retail Opportunity Investments by 28.4% during the first quarter. Signaturefd LLC now owns 3,834 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 847 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in Retail Opportunity Investments during the fourth quarter worth $92,000. UBS Group AG boosted its stake in Retail Opportunity Investments by 116.3% during the fourth quarter. UBS Group AG now owns 6,294 shares of the real estate investment trust’s stock worth $95,000 after buying an additional 44,883 shares in the last quarter. Finally, Bessemer Group Inc. boosted its stake in Retail Opportunity Investments by 3,932.3% during the fourth quarter. Bessemer Group Inc. now owns 10,000 shares of the real estate investment trust’s stock worth $150,000 after buying an additional 9,752 shares in the last quarter. Institutional investors own 97.16% of the company’s stock.

Insider Buying and Selling

In related news, Director Laura H. Pomerantz sold 4,000 shares of the company’s stock in a transaction dated 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 approximately $693,957.22. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 3.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Wells Fargo & Company downgraded shares of Retail Opportunity Investments from an “overweight” rating to an “equal weight” rating and lifted their price target for the stock from $14.00 to $15.00 in a research note on Wednesday, September 20th. StockNews.com downgraded shares of Retail Opportunity Investments from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. Bank of America downgraded shares of Retail Opportunity Investments from a “buy” rating to a “neutral” rating and reduced their target price for the company from $15.00 to $13.00 in a research note on Monday, November 6th. Finally, Raymond James upgraded shares of Retail Opportunity Investments from a “market perform” rating to an “outperform” rating and set a $16.00 target price on the stock in a research note on Tuesday, September 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $14.67.

Retail Opportunity Investments Stock Up 0.2 %

Shares of NASDAQ:ROIC opened at $12.23 on Tuesday. Retail Opportunity Investments Corp. has a 52 week low of $10.98 and a 52 week high of $16.37. The company has a debt-to-equity ratio of 1.14, a quick ratio of 4.13 and a current ratio of 4.13. The company’s fifty day moving average is $12.30 and its 200-day moving average is $13.05. The company has a market capitalization of $1.54 billion, a PE ratio of 42.00, a P/E/G ratio of 7.17 and a beta of 1.43.

Retail Opportunity Investments (NASDAQ:ROIC) last issued its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.20). The company had revenue of $78.27 million for the quarter, compared to analyst estimates of $80.99 million. Retail Opportunity Investments had a return on equity of 2.68% and a net margin of 11.35%. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the company earned $0.27 EPS. Equities research analysts predict that Retail Opportunity Investments Corp. will post 1.06 earnings per share for the current fiscal year.

Retail Opportunity Investments Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Friday, December 15th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.60 annualized dividend and a yield of 4.91%. Retail Opportunity Investments’s dividend payout ratio (DPR) is 206.90%.

About Retail Opportunity Investments

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.