Versant Capital Management Inc Raises Holdings in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Versant Capital Management Inc raised its holdings in Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 117.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,572 shares of the real estate investment trust’s stock after purchasing an additional 1,932 shares during the quarter. Versant Capital Management Inc’s holdings in Retail Opportunity Investments were worth $62,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Retail Opportunity Investments by 296.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 952,252 shares of the real estate investment trust’s stock valued at $14,979,000 after buying an additional 711,835 shares during the period. Strategy Asset Managers LLC raised its stake in shares of Retail Opportunity Investments by 57.7% in the 3rd quarter. Strategy Asset Managers LLC now owns 876,179 shares of the real estate investment trust’s stock valued at $13,782,000 after acquiring an additional 320,520 shares during the period. Easterly Investment Partners LLC acquired a new position in shares of Retail Opportunity Investments in the 3rd quarter worth approximately $4,556,000. Barclays PLC boosted its position in shares of Retail Opportunity Investments by 316.7% during the 3rd quarter. Barclays PLC now owns 211,816 shares of the real estate investment trust’s stock worth $3,331,000 after purchasing an additional 160,981 shares during the period. Finally, Federated Hermes Inc. increased its holdings in Retail Opportunity Investments by 2.9% in the 2nd quarter. Federated Hermes Inc. now owns 4,557,646 shares of the real estate investment trust’s stock valued at $56,652,000 after purchasing an additional 127,799 shares during the last quarter. Institutional investors and hedge funds own 97.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on ROIC shares. KeyCorp lowered Retail Opportunity Investments from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, November 5th. Raymond James downgraded 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 research note on Thursday, October 24th. They issued an “underperform” rating and a $14.00 price objective for the company. Baird R W downgraded shares of Retail Opportunity Investments from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, BMO Capital Markets raised their price target on shares of Retail Opportunity Investments from $17.00 to $17.50 and gave the company a “market perform” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $16.20.

Retail Opportunity Investments Stock Up 0.1 %

Shares of Retail Opportunity Investments stock opened at $17.38 on Monday. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 1.04. Retail Opportunity Investments Corp. has a 52-week low of $11.87 and a 52-week high of $17.52. The company has a market capitalization of $2.24 billion, a P/E ratio of 37.78 and a beta of 1.46. The company has a 50 day moving average of $17.18 and a 200 day moving average of $15.51.

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

Retail Opportunity Investments Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 20th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.45%. The ex-dividend date is Friday, December 20th. Retail Opportunity Investments’s payout ratio 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.