Victory Capital Management Inc. Boosts Stock Holdings in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Victory Capital Management Inc. grew its stake in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 16.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 185,236 shares of the real estate investment trust’s stock after buying an additional 25,574 shares during the period. Victory Capital Management Inc. owned 0.15% of Retail Opportunity Investments worth $2,302,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. EntryPoint Capital LLC grew its position in Retail Opportunity Investments by 155.8% during the first quarter. EntryPoint Capital LLC now owns 8,717 shares of the real estate investment trust’s stock valued at $112,000 after acquiring an additional 5,309 shares during the period. Lazard Asset Management LLC acquired a new position in shares of Retail Opportunity Investments in the 1st quarter valued at about $128,000. First Trust Direct Indexing L.P. purchased a new stake in shares of Retail Opportunity Investments during the 1st quarter worth about $129,000. Diversified Trust Co acquired a new stake in Retail Opportunity Investments during the 1st quarter worth approximately $152,000. Finally, M&G Plc purchased a new position in Retail Opportunity Investments in the first quarter valued at approximately $154,000. 97.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ROIC. StockNews.com upgraded shares of Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research note on Monday, August 19th. Wells Fargo & Company upped their price target on shares of Retail Opportunity Investments from $13.50 to $16.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 28th. Finally, Raymond James raised their price objective on Retail Opportunity Investments from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $15.00.

Retail Opportunity Investments Trading Down 0.7 %

ROIC opened at $15.82 on Wednesday. The firm’s 50 day moving average is $14.69 and its 200-day moving average is $13.25. Retail Opportunity Investments Corp. has a 52-week low of $10.98 and a 52-week high of $16.20. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $2.02 billion, a P/E ratio of 52.73, a P/E/G ratio of 2.01 and a beta of 1.45.

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

Retail Opportunity Investments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 20th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, September 20th. This represents a $0.60 dividend on an annualized basis and a yield of 3.79%. Retail Opportunity Investments’s dividend payout ratio (DPR) is presently 200.00%.

Retail Opportunity Investments 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.