GSA Capital Partners LLP Makes New Investment in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

GSA Capital Partners LLP bought a new stake in Retail Opportunity Investments Corp. (NASDAQ:ROIC - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 49,294 shares of the real estate investment trust's stock, valued at approximately $775,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Arizona State Retirement System grew its stake in shares of Retail Opportunity Investments by 2.7% during the 2nd quarter. Arizona State Retirement System now owns 35,555 shares of the real estate investment trust's stock worth $442,000 after acquiring an additional 927 shares during the period. Creative Planning grew its position in Retail Opportunity Investments by 6.7% in the third quarter. Creative Planning now owns 18,988 shares of the real estate investment trust's stock worth $299,000 after acquiring an additional 1,194 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in 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 worth $77,000 after buying an additional 1,289 shares during the last quarter. Van ECK Associates Corp raised its position in Retail Opportunity Investments by 7.4% in the 2nd quarter. Van ECK Associates Corp now owns 18,964 shares of the real estate investment trust's stock worth $236,000 after purchasing an additional 1,307 shares during the period. Finally, Louisiana State Employees Retirement System lifted its position in Retail Opportunity Investments by 2.7% in the second quarter. Louisiana State Employees Retirement System now owns 64,100 shares of the real estate investment trust's stock valued at $797,000 after purchasing an additional 1,700 shares during the last quarter. 97.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ROIC has been the subject of several research analyst reports. StockNews.com raised shares of Retail Opportunity Investments from a "sell" rating to a "hold" rating in a research report on Monday, August 19th. Wells Fargo & Company increased their target price on 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. Baird R W downgraded shares of Retail Opportunity Investments from a "strong-buy" rating to a "hold" rating in a research report on Thursday, November 7th. Raymond James cut shares of Retail Opportunity Investments from an "outperform" rating to a "market perform" rating in a research note on Wednesday, October 30th. Finally, Bank of America initiated coverage on shares of Retail Opportunity Investments in a research report on Thursday, October 24th. They issued an "underperform" rating and a $14.00 price target on the stock. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $16.17.

Retail Opportunity Investments Price Performance

NASDAQ ROIC traded up $0.02 during trading on Monday, hitting $17.37. 2,064,662 shares of the stock traded hands, compared to its average volume of 1,330,678. The company has a market capitalization of $2.23 billion, a P/E ratio of 37.76 and a beta of 1.44. Retail Opportunity Investments Corp. has a 12-month low of $11.87 and a 12-month high of $17.40. The firm has a 50-day simple moving average of $15.97 and a 200-day simple moving average of $14.31. 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 (NASDAQ:ROIC - Get Free Report) last announced 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 during the quarter, compared to the consensus estimate of $82.13 million. During the same quarter in the prior year, the firm posted $0.27 EPS. The company's revenue for the quarter was up 2.5% on a year-over-year basis. As a group, analysts predict that Retail Opportunity Investments Corp. will post 1.04 EPS for the current year.

Retail Opportunity Investments Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 20th will be given 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 yield of 3.45%. Retail Opportunity Investments's dividend payout ratio (DPR) is presently 130.43%.

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.