Daiwa Securities Group Inc. Reduces Stock Holdings in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Daiwa Securities Group Inc. lowered its holdings in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 4.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 38,372 shares of the real estate investment trust’s stock after selling 1,868 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Retail Opportunity Investments were worth $538,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ROIC. SG Americas Securities LLC grew its position in Retail Opportunity Investments by 291.9% during the third quarter. SG Americas Securities LLC now owns 85,571 shares of the real estate investment trust’s stock valued at $1,059,000 after buying an additional 63,738 shares during the period. Asset Management One Co. Ltd. grew its position in shares of Retail Opportunity Investments by 1.7% during the 3rd quarter. Asset Management One Co. Ltd. now owns 208,907 shares of the real estate investment trust’s stock valued at $2,586,000 after acquiring an additional 3,501 shares during the period. Strs Ohio increased its stake in shares of Retail Opportunity Investments by 5.9% in the 3rd quarter. Strs Ohio now owns 58,892 shares of the real estate investment trust’s stock worth $729,000 after purchasing an additional 3,300 shares in the last quarter. Inspire Investing LLC raised its holdings in Retail Opportunity Investments by 4.6% in the 3rd quarter. Inspire Investing LLC now owns 24,609 shares of the real estate investment trust’s stock worth $305,000 after purchasing an additional 1,093 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its position in Retail Opportunity Investments by 4.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 206,066 shares of the real estate investment trust’s stock valued at $2,551,000 after purchasing an additional 9,094 shares in the last quarter. Hedge funds and other institutional investors own 97.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Bank of America restated an “underperform” rating and issued a $12.00 price target (down previously from $14.50) on shares of Retail Opportunity Investments in a research report on Friday, April 5th. StockNews.com upgraded Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. Finally, KeyCorp upgraded shares of Retail Opportunity Investments from a “sector weight” rating to an “overweight” rating and set a $16.00 target price on the stock in a research note on Friday, January 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $14.75.

Retail Opportunity Investments Price Performance

Shares of Retail Opportunity Investments stock opened at $12.36 on Friday. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 41.20 and a beta of 1.42. 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 50-day simple moving average is $12.65 and its 200-day simple moving average is $12.92. Retail Opportunity Investments Corp. has a 52 week low of $10.98 and a 52 week high of $15.16.

Retail Opportunity Investments (NASDAQ:ROIC) last announced its quarterly earnings data on Thursday, February 15th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.21). The company had revenue of $84.60 million for the quarter, compared to analysts’ expectations of $81.09 million. Retail Opportunity Investments had a net margin of 11.21% and a return on equity of 2.74%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business earned $0.27 earnings per share. As a group, analysts expect that Retail Opportunity Investments Corp. will post 1.04 earnings per share for the current fiscal year.

Retail Opportunity Investments Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, June 14th. This represents a $0.60 annualized dividend and a dividend yield of 4.85%. Retail Opportunity Investments’s dividend payout ratio (DPR) is 200.00%.

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.