Retail Opportunity Investments Corp. (NASDAQ:ROIC) Shares Sold by Inspire Investing LLC

Inspire Investing LLC cut its stake in Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 7.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,126 shares of the real estate investment trust’s stock after selling 2,127 shares during the quarter. Inspire Investing LLC’s holdings in Retail Opportunity Investments were worth $411,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ROIC. Vanguard Group Inc. lifted its position in shares of Retail Opportunity Investments by 0.8% in the first quarter. Vanguard Group Inc. now owns 19,815,894 shares of the real estate investment trust’s stock valued at $254,040,000 after acquiring an additional 160,068 shares in the last quarter. Centersquare Investment Management LLC lifted its holdings in Retail Opportunity Investments by 6.5% in the 1st 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 in the last quarter. Principal Financial Group Inc. boosted its stake in Retail Opportunity Investments by 20.4% during the 2nd quarter. Principal Financial Group Inc. now owns 6,031,790 shares of the real estate investment trust’s stock worth $74,975,000 after purchasing an additional 1,020,314 shares during the last quarter. Federated Hermes Inc. boosted its stake in Retail Opportunity Investments by 2.9% during the 2nd 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 during the last quarter. Finally, Lasalle Investment Management Securities LLC grew its holdings in shares of Retail Opportunity Investments by 14.8% during the first quarter. Lasalle Investment Management Securities LLC now owns 3,649,182 shares of the real estate investment trust’s stock worth $46,783,000 after buying an additional 469,905 shares in the last quarter. 97.16% of the stock is currently owned by institutional investors and hedge funds.

Retail Opportunity Investments Price Performance

Shares of ROIC stock opened at $16.16 on Friday. The firm’s 50-day moving average is $15.50 and its two-hundred day moving average is $13.71. Retail Opportunity Investments Corp. has a 12 month low of $10.98 and a 12 month high of $16.27. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.38 and a quick ratio of 1.38. The company has a market capitalization of $2.06 billion, a PE ratio of 53.87, a price-to-earnings-growth ratio of 2.07 and a beta of 1.45.

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

Retail Opportunity Investments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 20th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date of this dividend was Friday, September 20th. Retail Opportunity Investments’s payout ratio is 200.00%.

Analysts Set New Price Targets

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

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.