Retail Opportunity Investments Corp. (NASDAQ:ROIC) Stake Decreased by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. trimmed its holdings in Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 66.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,998 shares of the real estate investment trust’s stock after selling 8,012 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Retail Opportunity Investments were worth $50,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Centersquare Investment Management LLC increased its holdings in shares of Retail Opportunity Investments by 6.5% during the first quarter. Centersquare Investment Management LLC now owns 9,319,113 shares of the real estate investment trust’s stock valued at $114,346,000 after purchasing an additional 571,370 shares during the period. Vanguard Group Inc. lifted its stake in shares of Retail Opportunity Investments by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 19,815,894 shares of the real estate investment trust’s stock worth $254,040,000 after acquiring an additional 160,068 shares during the period. Lasalle Investment Management Securities LLC boosted its holdings in shares of Retail Opportunity Investments by 14.8% in the first quarter. Lasalle Investment Management Securities LLC now owns 3,649,182 shares of the real estate investment trust’s stock valued at $46,783,000 after acquiring an additional 469,905 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Retail Opportunity Investments by 12.4% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,181,551 shares of the real estate investment trust’s stock valued at $40,787,000 after acquiring an additional 351,287 shares during the period. Finally, Federated Hermes Inc. raised its holdings in Retail Opportunity Investments by 2.9% during the second quarter. Federated Hermes Inc. now owns 4,557,646 shares of the real estate investment trust’s stock worth $56,652,000 after purchasing an additional 127,799 shares in the last quarter. 97.16% of the stock is currently owned by institutional investors and hedge funds.

Retail Opportunity Investments Trading Up 0.6 %

Shares of NASDAQ ROIC opened at $15.73 on Tuesday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.07. Retail Opportunity Investments Corp. has a 12 month low of $10.98 and a 12 month high of $16.20. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 52.43, a P/E/G ratio of 2.10 and a beta of 1.45. The business has a fifty day simple moving average of $15.10 and a 200-day simple moving average of $13.40.

Retail Opportunity Investments (NASDAQ:ROIC) last announced its earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.06 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.19). Retail Opportunity Investments had a return on equity of 2.57% and a net margin of 10.40%. The firm had revenue of $83.32 million during the quarter, compared to analyst estimates of $81.19 million. During the same quarter in the previous year, the business earned $0.27 earnings per share. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. Sell-side analysts predict that Retail Opportunity Investments Corp. will post 1.05 EPS for the current year.

Retail Opportunity Investments Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 20th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, September 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.81%. Retail Opportunity Investments’s payout ratio is currently 200.00%.

Analysts Set New Price Targets

ROIC has been the topic of a number of research reports. Raymond James boosted their price objective on Retail Opportunity Investments from $15.00 to $16.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. StockNews.com raised shares of Retail Opportunity Investments from a “sell” rating to a “hold” rating in a report on Monday, August 19th. Finally, Wells Fargo & Company lifted their price objective on shares of Retail Opportunity Investments from $13.50 to $16.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $15.00.

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.