Natixis Advisors LLC Has $402,000 Holdings in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Natixis Advisors LLC cut its stake in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 3.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,549 shares of the real estate investment trust’s stock after selling 817 shares during the period. Natixis Advisors LLC’s holdings in Retail Opportunity Investments were worth $402,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Principal Financial Group Inc. grew its stake in shares of Retail Opportunity Investments by 1.3% during the third quarter. Principal Financial Group Inc. now owns 6,107,593 shares of the real estate investment trust’s stock worth $96,072,000 after purchasing an additional 75,803 shares during the period. Federated Hermes Inc. grew its stake in shares of Retail Opportunity Investments by 2.9% during the second 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 period. Lasalle Investment Management Securities LLC lifted its holdings in 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 acquiring an additional 469,905 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Retail Opportunity Investments by 3.7% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,300,317 shares of the real estate investment trust’s stock worth $41,023,000 after acquiring an additional 118,766 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Retail Opportunity Investments by 2.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,834,124 shares of the real estate investment trust’s stock worth $22,798,000 after acquiring an additional 39,980 shares in the last quarter. 97.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on ROIC shares. Bank of America started coverage on Retail Opportunity Investments in a report on Thursday, October 24th. They set an “underperform” rating and a $14.00 target price on the stock. BMO Capital Markets lifted their target price on Retail Opportunity Investments from $17.00 to $17.50 and gave the stock a “market perform” rating in a report on Friday, November 8th. Raymond James lowered Retail Opportunity Investments from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 30th. KeyCorp lowered Retail Opportunity Investments from an “overweight” rating to a “sector weight” rating in a report on Tuesday, November 5th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $17.50 target price (up from $16.00) on shares of Retail Opportunity Investments in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $16.17.

Retail Opportunity Investments Stock Performance

Shares of Retail Opportunity Investments stock opened at $17.39 on Friday. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of 37.80 and a beta of 1.44. The stock’s 50-day moving average is $16.26 and its 200-day moving average is $14.57. Retail Opportunity Investments Corp. has a one year low of $11.87 and a one year high of $17.43. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.92 and a quick ratio of 1.92.

Retail Opportunity Investments (NASDAQ:ROIC) last issued its quarterly earnings results 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 net margin of 17.38% and a return on equity of 4.32%. The firm had revenue of $83.50 million during the quarter, compared to the consensus estimate of $82.13 million. During the same quarter last year, the firm earned $0.27 earnings per share. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. Equities analysts predict 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 announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 20th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, December 20th. This represents a $0.60 annualized dividend and a yield of 3.45%. Retail Opportunity Investments’s payout ratio is presently 130.43%.

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.