Retail Opportunity Investments Corp. (NASDAQ:ROIC) Shares Sold by Stifel Financial Corp

Stifel Financial Corp decreased its position in Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 0.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 115,124 shares of the real estate investment trust’s stock after selling 591 shares during the quarter. Stifel Financial Corp owned 0.09% of Retail Opportunity Investments worth $1,811,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC lifted its stake in Retail Opportunity Investments by 1,473.1% during the third quarter. International Assets Investment Management LLC now owns 1,872 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 1,753 shares during the last quarter. Allworth Financial LP raised its holdings in shares of Retail Opportunity Investments by 4,320.3% during the third quarter. Allworth Financial LP now owns 3,271 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 3,197 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Retail Opportunity Investments by 35.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,947 shares of the real estate investment trust’s stock valued at $77,000 after buying an additional 1,289 shares during the period. Meeder Asset Management Inc. bought a new position in shares of Retail Opportunity Investments during the second quarter valued at approximately $82,000. Finally, Point72 DIFC Ltd increased its position 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 acquiring an additional 3,145 shares during the period. Institutional investors and hedge funds own 97.16% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on ROIC shares. StockNews.com began coverage on Retail Opportunity Investments in a report on Friday. They issued a “hold” rating for the company. Wells Fargo & Company lifted 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. Bank of America began coverage on Retail Opportunity Investments in a research note on Thursday, October 24th. They issued an “underperform” rating and a $14.00 price objective on the stock. Robert W. Baird reaffirmed a “neutral” rating and set a $17.50 price objective (up from $16.00) on shares of Retail Opportunity Investments in a research note on Thursday, November 7th. Finally, Baird R W downgraded Retail Opportunity Investments from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $16.17.

Retail Opportunity Investments Trading Down 0.5 %

NASDAQ ROIC opened at $17.31 on Friday. The stock has a market cap of $2.23 billion, a P/E ratio of 37.63 and a beta of 1.47. Retail Opportunity Investments Corp. has a 12 month low of $11.87 and a 12 month high of $17.52. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 1.04. The stock’s fifty day moving average price is $16.88 and its 200-day moving average price is $15.15.

Retail Opportunity Investments (NASDAQ:ROIC) last issued its quarterly earnings results on Tuesday, October 22nd. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $83.50 million for the quarter, compared to analysts’ expectations of $82.13 million. During the same quarter in the prior year, the business earned $0.27 EPS. The company’s revenue was up 2.5% compared to the same quarter last year. As a group, equities analysts forecast that Retail Opportunity Investments Corp. will post 1.04 EPS for the current fiscal year.

Retail Opportunity Investments Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 20th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.60 annualized dividend and a dividend yield of 3.47%. Retail Opportunity Investments’s dividend payout ratio (DPR) is 130.43%.

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.