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

Point72 Asia Singapore Pte. Ltd. reduced its stake in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 66.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,998 shares of the real estate investment trust’s stock after selling 8,012 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Retail Opportunity Investments were worth $50,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in ROIC. Meeder Asset Management Inc. acquired a new position in shares of Retail Opportunity Investments during the 2nd quarter worth approximately $82,000. Point72 DIFC Ltd boosted its holdings in shares of Retail Opportunity Investments by 71.8% during the 2nd quarter. Point72 DIFC Ltd now owns 7,523 shares of the real estate investment trust’s stock worth $94,000 after purchasing an additional 3,145 shares during the last quarter. EntryPoint Capital LLC boosted its holdings in shares of Retail Opportunity Investments by 155.8% during the 1st quarter. EntryPoint Capital LLC now owns 8,717 shares of the real estate investment trust’s stock worth $112,000 after purchasing an additional 5,309 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of Retail Opportunity Investments during the 2nd quarter worth approximately $114,000. Finally, Lazard Asset Management LLC acquired a new position in shares of Retail Opportunity Investments during the 1st quarter worth approximately $128,000. 97.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Raymond James lifted their price target on shares of Retail Opportunity Investments from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Wells Fargo & Company lifted their price target on shares of Retail Opportunity Investments from $13.50 to $16.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 28th. Finally, StockNews.com raised shares of Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research report on Monday, August 19th. One equities research 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. Based on data from MarketBeat, Retail Opportunity Investments has a consensus rating of “Hold” and an average price target of $15.00.

Retail Opportunity Investments Stock Up 0.3 %

Shares of NASDAQ ROIC opened at $15.57 on Friday. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of 51.90, a PEG ratio of 2.10 and a beta of 1.45. 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 52-week low of $10.98 and a 52-week high of $16.20. The business’s 50 day moving average is $15.35 and its two-hundred day moving average is $13.50.

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

Retail Opportunity Investments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 20th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date of this dividend was Friday, September 20th. Retail Opportunity Investments’s payout ratio 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.