Charles Schwab Investment Management Inc. Boosts Stock Holdings in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Charles Schwab Investment Management Inc. increased its stake in Retail Opportunity Investments Corp. (NASDAQ:ROIC - Free Report) by 3.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,347,118 shares of the real estate investment trust's stock after buying an additional 85,037 shares during the period. Charles Schwab Investment Management Inc. owned 1.82% of Retail Opportunity Investments worth $36,920,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Intech Investment Management LLC increased its stake in Retail Opportunity Investments by 94.4% in the 3rd quarter. Intech Investment Management LLC now owns 32,316 shares of the real estate investment trust's stock worth $508,000 after buying an additional 15,694 shares during the period. Strategy Asset Managers LLC grew its holdings in Retail Opportunity Investments by 57.7% during the 3rd quarter. Strategy Asset Managers LLC now owns 876,179 shares of the real estate investment trust's stock worth $13,782,000 after acquiring an additional 320,520 shares in the last quarter. Metis Global Partners LLC bought a new position in Retail Opportunity Investments during the 3rd quarter worth about $206,000. GSA Capital Partners LLP bought a new position in Retail Opportunity Investments during the 3rd quarter worth about $775,000. Finally, Easterly Investment Partners LLC bought a new position in Retail Opportunity Investments during the 3rd quarter worth about $4,556,000. Hedge funds and other institutional investors own 97.16% of the company's stock.

Retail Opportunity Investments Stock Performance

ROIC traded up $0.01 during trading on Tuesday, reaching $17.41. 837,597 shares of the company's stock were exchanged, compared to its average volume of 1,320,118. Retail Opportunity Investments Corp. has a 1 year low of $11.87 and a 1 year high of $17.44. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.92 and a quick ratio of 1.92. The stock has a market capitalization of $2.24 billion, a P/E ratio of 37.85 and a beta of 1.47. The company's fifty day simple moving average is $16.36 and its 200-day simple moving average is $14.69.

Retail Opportunity Investments (NASDAQ:ROIC - Get Free Report) last posted its quarterly 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). 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 for the quarter, compared to analysts' expectations of $82.13 million. During the same period in the prior year, the business posted $0.27 earnings per share. The business's quarterly revenue was up 2.5% compared to the same quarter last year. As a group, research analysts predict that Retail Opportunity Investments Corp. will post 1.04 earnings per share for the current fiscal year.

Retail Opportunity Investments Dividend Announcement

The company also recently announced 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. This represents a $0.60 annualized dividend and a dividend yield of 3.45%. The ex-dividend date is Friday, December 20th. Retail Opportunity Investments's dividend payout ratio (DPR) is 130.43%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ROIC. Raymond James cut shares of Retail Opportunity Investments from an "outperform" rating to a "market perform" rating in a report on Wednesday, October 30th. StockNews.com assumed coverage on shares of Retail Opportunity Investments in a report on Tuesday, November 26th. They issued a "hold" rating on the stock. Wells Fargo & Company raised their price target on shares of Retail Opportunity Investments from $13.50 to $16.00 and gave the company an "equal weight" rating in a report on Wednesday, August 28th. Bank of America assumed coverage on shares of Retail Opportunity Investments in a report on Thursday, October 24th. They issued an "underperform" rating and a $14.00 price target on the stock. Finally, Baird R W cut shares of Retail Opportunity Investments from a "strong-buy" rating to a "hold" rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat.com, Retail Opportunity Investments currently has an average rating of "Hold" and an average target price 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.