Lindbrook Capital LLC Raises Stock Holdings in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Lindbrook Capital LLC raised its position in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 61.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,514 shares of the real estate investment trust’s stock after acquiring an additional 961 shares during the period. Lindbrook Capital LLC’s holdings in Retail Opportunity Investments were worth $35,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Retail Opportunity Investments by 0.4% during the 3rd 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. increased its position in shares of Retail Opportunity Investments by 10.8% during the 4th 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. increased its position in shares of Retail Opportunity Investments by 45.5% during the 4th 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. increased its position in shares of Retail Opportunity Investments by 4.3% during the 3rd 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 bought a new position in shares of Retail Opportunity Investments during the 3rd quarter valued at approximately $24,988,000. 97.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ROIC. Bank of America reaffirmed an “underperform” rating and issued a $12.00 price objective (down previously 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 on the stock 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 equities research 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, the company has a consensus rating of “Hold” and a consensus price target of $14.75.

Retail Opportunity Investments Price Performance

Shares of ROIC stock opened at $12.25 on Friday. Retail Opportunity Investments Corp. has a twelve month low of $10.98 and a twelve month high of $15.16. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 40.83 and a beta of 1.42. The stock has a fifty day simple moving average of $12.64 and a two-hundred day simple moving average of $12.92. The company has a current ratio of 1.07, a quick ratio of 1.38 and a debt-to-equity ratio of 1.01.

Retail Opportunity Investments (NASDAQ:ROIC) last issued its 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). Retail Opportunity Investments had a return on equity of 2.75% and a net margin of 11.21%. The firm had revenue of $84.60 million during the quarter, compared to analysts’ expectations of $81.09 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. Retail Opportunity Investments’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, analysts predict that Retail Opportunity Investments Corp. will post 1.04 EPS for the current fiscal year.

Retail Opportunity Investments Announces Dividend

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

Retail Opportunity Investments Company 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.