Retail Opportunity Investments Corp. (NASDAQ:ROIC) Holdings Boosted by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its position in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC - Free Report) by 1.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,107,593 shares of the real estate investment trust's stock after buying an additional 75,803 shares during the quarter. Principal Financial Group Inc. owned approximately 4.75% of Retail Opportunity Investments worth $96,072,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its stake in shares of 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 valued at $29,000 after acquiring an additional 1,753 shares during the last quarter. Allworth Financial LP grew its position in 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 valued at $51,000 after acquiring an additional 3,197 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in Retail Opportunity Investments by 35.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,947 shares of the real estate investment trust's stock worth $77,000 after acquiring an additional 1,289 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in shares of Retail Opportunity Investments in the 2nd quarter worth about $82,000. Finally, Point72 DIFC Ltd lifted its stake in shares of 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 purchasing an additional 3,145 shares in the last quarter. Hedge funds and other institutional investors own 97.16% of the company's stock.

Retail Opportunity Investments Stock Up 0.1 %

Shares of NASDAQ:ROIC traded up $0.01 during trading on Friday, hitting $17.33. The company's stock had a trading volume of 7,181,846 shares, compared to its average volume of 2,449,443. The company has a market capitalization of $2.23 billion, a PE ratio of 37.67 and a beta of 1.44. Retail Opportunity Investments Corp. has a fifty-two week low of $11.80 and a fifty-two week high of $17.40. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.92 and a current ratio of 1.92. The stock's 50-day moving average price is $15.75 and its two-hundred day moving average price is $14.12.

Retail Opportunity Investments (NASDAQ:ROIC - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.26 by ($0.01). The business had revenue of $83.50 million during the quarter, compared to analyst estimates of $82.13 million. Retail Opportunity Investments had a net margin of 17.38% and a return on equity of 4.32%. The business's revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.27 earnings per share. As a group, sell-side analysts expect that Retail Opportunity Investments Corp. will post 1.04 EPS for the current year.

Retail Opportunity Investments Announces Dividend

The company also recently disclosed 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 3.46%. The ex-dividend date is Friday, December 20th. Retail Opportunity Investments's dividend payout ratio (DPR) is presently 130.43%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ROIC shares. Baird R W lowered shares of Retail Opportunity Investments from a "strong-buy" rating to a "hold" rating in a report on Thursday. Wells Fargo & Company raised their price objective on 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. KeyCorp downgraded Retail Opportunity Investments from an "overweight" rating to a "sector weight" rating in a research report on Tuesday. StockNews.com upgraded Retail Opportunity Investments from a "sell" rating to a "hold" rating in a research note on Monday, August 19th. Finally, Robert W. Baird reissued a "neutral" rating and set a $17.50 price target (up from $16.00) on shares of Retail Opportunity Investments in a research report on Thursday. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $16.17.

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.