International Assets Investment Management LLC Has $29,000 Holdings in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

International Assets Investment Management LLC grew its stake in Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 1,473.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,872 shares of the real estate investment trust’s stock after purchasing an additional 1,753 shares during the period. International Assets Investment Management LLC’s holdings in Retail Opportunity Investments were worth $29,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Meeder Asset Management Inc. acquired a new position in shares of Retail Opportunity Investments in the second quarter valued at $82,000. Point72 DIFC Ltd increased its holdings in Retail Opportunity Investments by 71.8% in the 2nd quarter. Point72 DIFC Ltd now owns 7,523 shares of the real estate investment trust’s stock valued at $94,000 after buying an additional 3,145 shares during the period. EntryPoint Capital LLC raised its stake in shares of Retail Opportunity Investments by 155.8% in the 1st quarter. EntryPoint Capital LLC now owns 8,717 shares of the real estate investment trust’s stock valued at $112,000 after buying an additional 5,309 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Retail Opportunity Investments during the 2nd quarter valued at about $114,000. Finally, Lazard Asset Management LLC bought a new stake in Retail Opportunity Investments in the first quarter valued at about $128,000. Institutional investors own 97.16% of the company’s stock.

Retail Opportunity Investments Price Performance

Retail Opportunity Investments stock opened at $17.33 on Friday. Retail Opportunity Investments Corp. has a 52 week low of $11.80 and a 52 week high of $17.40. The firm has a market cap of $2.23 billion, a P/E ratio of 37.67 and a beta of 1.44. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.92 and a current ratio of 1.92. The business’s fifty day moving average is $15.75 and its two-hundred day moving average is $14.11.

Retail Opportunity Investments (NASDAQ:ROIC) last issued its quarterly earnings data on Tuesday, October 22nd. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). Retail Opportunity Investments had a return on equity of 4.32% and a net margin of 17.38%. The company had revenue of $83.50 million for the quarter, compared to the consensus estimate of $82.13 million. During the same period in the prior year, the company earned $0.27 EPS. The firm’s revenue was up 2.5% compared to the same quarter last year. Equities research analysts forecast that Retail Opportunity Investments Corp. will post 1.04 earnings per share for the current fiscal year.

Retail Opportunity Investments Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 20th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.46%. The ex-dividend date is Friday, December 20th. Retail Opportunity Investments’s dividend payout ratio (DPR) is presently 130.43%.

Analysts Set New Price Targets

A number of brokerages have commented on ROIC. Wells Fargo & Company raised 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 note on Wednesday, August 28th. KeyCorp lowered Retail Opportunity Investments from an “overweight” rating to a “sector weight” rating in a research note on Tuesday. Baird R W lowered Retail Opportunity Investments from a “strong-buy” rating to a “hold” rating in a research note on Thursday. BMO Capital Markets boosted their target price on shares of Retail Opportunity Investments from $17.00 to $17.50 and gave the company a “market perform” rating in a research note on Friday. Finally, Robert W. Baird reiterated a “neutral” rating and set a $17.50 target price (up previously from $16.00) on shares of Retail Opportunity Investments in a research report on Thursday. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $16.17.

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.