Retail Opportunity Investments Corp. (NASDAQ:ROIC) Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its stake in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 6.5% during the fourth quarter, HoldingsChannel reports. The firm owned 219,365 shares of the real estate investment trust’s stock after purchasing an additional 13,299 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Retail Opportunity Investments were worth $3,078,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Clear Street Markets LLC acquired a new position in Retail Opportunity Investments during the 3rd quarter valued at approximately $29,000. Tower Research Capital LLC TRC increased its stake 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 worth $35,000 after acquiring an additional 1,635 shares during the period. Lazard Asset Management LLC acquired a new stake in shares of Retail Opportunity Investments in the fourth quarter worth $92,000. UBS Group AG increased its stake in shares of Retail Opportunity Investments by 116.3% in the fourth quarter. UBS Group AG now owns 6,294 shares of the real estate investment trust’s stock worth $95,000 after acquiring an additional 44,883 shares during the period. Finally, Bessemer Group Inc. increased its stake in shares of 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 worth $150,000 after acquiring an additional 9,752 shares during the period. Institutional investors and hedge funds own 97.16% of the company’s stock.

Retail Opportunity Investments Stock Up 1.6 %

ROIC stock opened at $12.28 on Friday. The firm has a market cap of $1.57 billion, a PE ratio of 45.48 and a beta of 1.42. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.38 and a current ratio of 1.38. The firm’s fifty day moving average is $12.69 and its 200 day moving average is $12.90. Retail Opportunity Investments Corp. has a one year low of $10.98 and a one year high of $15.16.

Retail Opportunity Investments (NASDAQ:ROIC) last released its quarterly earnings results on Thursday, February 15th. The real estate investment trust reported $0.06 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.21). The firm had revenue of $84.60 million for the quarter, compared to analyst estimates of $81.09 million. Retail Opportunity Investments had a net margin of 10.54% and a return on equity of 2.53%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.27 EPS. On average, research analysts forecast that Retail Opportunity Investments Corp. will post 1.04 EPS for the current year.

Retail Opportunity Investments Dividend Announcement

The business 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 yield of 4.89%. The ex-dividend date was Thursday, March 14th. Retail Opportunity Investments’s payout ratio is 222.23%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ROIC. StockNews.com upgraded shares of Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. Bank of America restated an “underperform” rating and set a $12.00 price target (down previously from $14.50) on shares of Retail Opportunity Investments in a research report on Friday, April 5th. Finally, KeyCorp upgraded shares of Retail Opportunity Investments from a “sector weight” rating to an “overweight” rating and set a $16.00 price target on the stock in a research report on Friday, January 5th. One 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. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $14.75.

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.