Retail Opportunity Investments Corp. (NASDAQ:ROIC) Stake Increased by Strategy Asset Managers LLC

Strategy Asset Managers LLC raised its holdings in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC - Free Report) by 57.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 876,179 shares of the real estate investment trust's stock after acquiring an additional 320,520 shares during the period. Retail Opportunity Investments makes up 2.6% of Strategy Asset Managers LLC's holdings, making the stock its 8th largest position. Strategy Asset Managers LLC owned 0.68% of Retail Opportunity Investments worth $13,782,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. Arizona State Retirement System boosted its position in shares of Retail Opportunity Investments by 2.7% during 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. Creative Planning increased its holdings in shares of Retail Opportunity Investments by 6.7% during the 3rd 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 during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake 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 valued at $77,000 after acquiring an additional 1,289 shares during the period. Van ECK Associates Corp lifted its holdings in Retail Opportunity Investments by 7.4% during the 2nd quarter. Van ECK Associates Corp now owns 18,964 shares of the real estate investment trust's stock valued at $236,000 after purchasing an additional 1,307 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in 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 purchasing an additional 1,700 shares during the period. Institutional investors and hedge funds own 97.16% of the company's stock.

Retail Opportunity Investments Stock Down 0.1 %

Shares of NASDAQ ROIC traded down $0.01 during trading on Wednesday, hitting $17.37. 115,241 shares of the company traded hands, compared to its average volume of 1,330,087. 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 business's fifty day moving average is $16.06 and its 200 day moving average is $14.38. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 37.78 and a beta of 1.44. Retail Opportunity Investments Corp. has a fifty-two week low of $11.87 and a fifty-two week high of $17.40.

Retail Opportunity Investments (NASDAQ:ROIC - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The real estate investment trust reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01). Retail Opportunity Investments had a net margin of 17.38% and a return on equity of 4.32%. The firm had revenue of $83.50 million for the quarter, compared to the consensus estimate of $82.13 million. During the same quarter in the prior year, the firm earned $0.27 EPS. The company's revenue was up 2.5% compared to the same quarter last year. Equities research analysts predict that Retail Opportunity Investments Corp. will post 1.04 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, January 10th. Shareholders of record on Friday, December 20th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.60 annualized dividend and a yield of 3.45%. Retail Opportunity Investments's dividend payout ratio (DPR) is 130.43%.

Analysts Set New Price Targets

Several analysts recently commented on ROIC shares. Wells Fargo & Company lifted their target price on shares of Retail Opportunity Investments from $13.50 to $16.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 28th. Baird R W downgraded Retail Opportunity Investments from a "strong-buy" rating to a "hold" rating in a research report on Thursday, November 7th. StockNews.com assumed coverage on Retail Opportunity Investments in a report on Monday. They set a "hold" rating for the company. BMO Capital Markets upped their price objective on Retail Opportunity Investments from $17.00 to $17.50 and gave the company a "market perform" rating in a report on Friday, November 8th. Finally, KeyCorp downgraded Retail Opportunity Investments from an "overweight" rating to a "sector weight" rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat, Retail Opportunity Investments presently has an average rating of "Hold" and an average target price of $16.17.

Retail Opportunity Investments Company 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.