Retail Opportunity Investments Corp. (NASDAQ:ROIC) Holdings Raised by MQS Management LLC

MQS Management LLC lifted its position in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 65.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,653 shares of the real estate investment trust’s stock after acquiring an additional 15,319 shares during the period. MQS Management LLC’s holdings in Retail Opportunity Investments were worth $480,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ROIC. Inspire Investing LLC raised its position in shares of Retail Opportunity Investments by 3.1% during the 1st quarter. Inspire Investing LLC now owns 28,070 shares of the real estate investment trust’s stock worth $360,000 after purchasing an additional 856 shares during the period. Arizona State Retirement System increased its position in Retail Opportunity Investments by 2.7% in the second quarter. Arizona State Retirement System now owns 35,555 shares of the real estate investment trust’s stock worth $442,000 after buying an additional 927 shares during the period. Van ECK Associates Corp lifted its stake in Retail Opportunity Investments by 7.4% in 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. Texas Permanent School Fund Corp boosted its holdings in shares of Retail Opportunity Investments by 1.4% during the first quarter. Texas Permanent School Fund Corp now owns 110,276 shares of the real estate investment trust’s stock valued at $1,414,000 after acquiring an additional 1,476 shares during the period. Finally, Louisiana State Employees Retirement System grew its position in shares of Retail Opportunity Investments by 2.7% during the second quarter. Louisiana State Employees Retirement System now owns 64,100 shares of the real estate investment trust’s stock worth $797,000 after acquiring an additional 1,700 shares during the last quarter. 97.16% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Wells Fargo & Company lifted their price objective on shares of Retail Opportunity Investments from $13.50 to $16.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 28th. StockNews.com upgraded Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research report on Monday, August 19th. Finally, Raymond James increased their price objective on Retail Opportunity Investments from $15.00 to $16.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Retail Opportunity Investments has an average rating of “Hold” and a consensus price target of $15.00.

Retail Opportunity Investments Stock Performance

Shares of ROIC opened at $15.96 on Friday. The firm has a market capitalization of $2.03 billion, a PE ratio of 53.20, a P/E/G ratio of 2.01 and a beta of 1.45. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.07. The firm has a 50-day moving average price of $14.81 and a 200 day moving average price of $13.28. Retail Opportunity Investments Corp. has a 52-week low of $10.98 and a 52-week high of $16.20.

Retail Opportunity Investments (NASDAQ:ROIC) last posted its quarterly earnings data on Tuesday, July 23rd. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.19). Retail Opportunity Investments had a net margin of 10.40% and a return on equity of 2.57%. The company had revenue of $83.32 million during the quarter, compared to the consensus estimate of $81.19 million. During the same quarter last year, the business earned $0.27 earnings per share. The company’s revenue was up 1.6% on a year-over-year basis. On average, sell-side analysts anticipate that Retail Opportunity Investments Corp. will post 1.05 earnings per share for the current fiscal year.

Retail Opportunity Investments Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 20th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date is Friday, September 20th. Retail Opportunity Investments’s dividend payout ratio is presently 200.00%.

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.