Jane Street Group LLC decreased its position in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC – Free Report) by 13.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 120,250 shares of the real estate investment trust’s stock after selling 18,733 shares during the quarter. Jane Street Group LLC owned 0.09% of Retail Opportunity Investments worth $1,892,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in ROIC. Louisiana State Employees Retirement System increased its stake in shares of Retail Opportunity Investments by 2.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 64,100 shares of the real estate investment trust’s stock worth $797,000 after purchasing an additional 1,700 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Retail Opportunity Investments by 1.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,306,866 shares of the real estate investment trust’s stock worth $16,244,000 after acquiring an additional 13,883 shares in the last quarter. Principal Financial Group Inc. raised its stake in Retail Opportunity Investments by 20.4% in the second quarter. Principal Financial Group Inc. now owns 6,031,790 shares of the real estate investment trust’s stock worth $74,975,000 after buying an additional 1,020,314 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Retail Opportunity Investments by 7.4% during the second quarter. Van ECK Associates Corp now owns 18,964 shares of the real estate investment trust’s stock valued at $236,000 after buying an additional 1,307 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in Retail Opportunity Investments by 1.1% in the second quarter. Rhumbline Advisers now owns 428,775 shares of the real estate investment trust’s stock valued at $5,330,000 after buying an additional 4,718 shares during the last quarter. Institutional investors own 97.16% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on the company. 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. StockNews.com initiated coverage on Retail Opportunity Investments in a research note on Friday, December 20th. They issued a “hold” rating on the stock. Raymond James cut shares of Retail Opportunity Investments from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 30th. Bank of America began coverage on shares of Retail Opportunity Investments in a report on Thursday, October 24th. They issued an “underperform” rating and a $14.00 price objective on the stock. Finally, Baird R W lowered 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 given a hold rating to the company. Based on data from MarketBeat.com, Retail Opportunity Investments presently has a consensus rating of “Hold” and a consensus target price of $16.17.
Retail Opportunity Investments Stock Up 0.3 %
Retail Opportunity Investments stock opened at $17.38 on Wednesday. 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 Corp. has a 1-year low of $11.87 and a 1-year high of $17.52. The company has a market cap of $2.24 billion, a PE ratio of 37.78 and a beta of 1.47. The stock’s 50 day moving average price is $16.91 and its 200 day moving average price is $15.22.
Retail Opportunity Investments (NASDAQ:ROIC – Get Free Report) last posted its 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 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 analyst estimates of $82.13 million. During the same period last year, the company posted $0.27 EPS. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, sell-side analysts predict that Retail Opportunity Investments Corp. will post 1.04 EPS for the current fiscal year.
Retail Opportunity Investments Dividend Announcement
The company also recently declared 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 dividend on an annualized basis and a dividend yield of 3.45%. Retail Opportunity Investments’s dividend payout ratio (DPR) 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.
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