Nisa Investment Advisors LLC Sells 4,833 Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Nisa Investment Advisors LLC reduced its holdings in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 9.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 44,107 shares of the real estate investment trust’s stock after selling 4,833 shares during the period. Nisa Investment Advisors LLC’s holdings in Retail Opportunity Investments were worth $619,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ROIC. Clear Street Markets LLC bought a new stake in shares of Retail Opportunity Investments during the third quarter worth approximately $29,000. Tower Research Capital LLC TRC boosted its holdings in shares of Retail Opportunity Investments by 189.7% in the first quarter. Tower Research Capital LLC TRC now owns 2,497 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 1,635 shares during the period. Lazard Asset Management LLC acquired a new position in Retail Opportunity Investments during the fourth quarter worth $92,000. UBS Group AG boosted its holdings 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 purchasing an additional 44,883 shares during the last quarter. Finally, Bessemer Group Inc. lifted its stake in Retail Opportunity Investments by 3,932.3% in the fourth quarter. Bessemer Group Inc. now owns 10,000 shares of the real estate investment trust’s stock valued at $150,000 after acquiring an additional 9,752 shares during the last quarter. 97.16% of the stock is currently owned by institutional investors and hedge funds.

Retail Opportunity Investments Trading Down 1.9 %

ROIC opened at $12.09 on Wednesday. The company has a market capitalization of $1.54 billion, a P/E ratio of 44.78 and a beta of 1.42. Retail Opportunity Investments Corp. has a 52 week low of $10.98 and a 52 week high of $15.16. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.01. The stock’s fifty day moving average is $12.78 and its two-hundred day moving average is $12.91.

Retail Opportunity Investments (NASDAQ:ROIC) last issued its quarterly earnings data on Thursday, February 15th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.21). Retail Opportunity Investments had a net margin of 10.54% and a return on equity of 2.53%. The company had revenue of $84.60 million during the quarter, compared to analyst estimates of $81.09 million. During the same period last year, the firm earned $0.27 EPS. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. Analysts forecast that Retail Opportunity Investments Corp. will post 1.05 earnings per share for the current year.

Retail Opportunity Investments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.96%. The ex-dividend date was Thursday, March 14th. Retail Opportunity Investments’s payout ratio is 222.23%.

Analyst Ratings Changes

ROIC has been the topic of a number of analyst reports. KeyCorp upgraded shares of Retail Opportunity Investments from a “sector weight” rating to an “overweight” rating and set a $16.00 price objective on the stock in a research note on Friday, January 5th. StockNews.com raised shares of Retail Opportunity Investments from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. Finally, Bank of America reiterated 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $14.75.

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 December 31, 2023, ROIC owned 94 shopping centers encompassing approximately 10.6 million square feet.