Retail Opportunity Investments (NASDAQ:ROIC) Sees Strong Trading Volume - Time to Buy?

Retail Opportunity Investments Corp. (NASDAQ:ROIC - Get Free Report) saw unusually-high trading volume on Friday . Approximately 2,842,959 shares changed hands during mid-day trading, an increase of 206% from the previous session's volume of 929,414 shares.The stock last traded at $17.38 and had previously closed at $17.39.

Analyst Ratings Changes

ROIC has been the subject of several analyst reports. Robert W. Baird reiterated a "neutral" rating and issued a $17.50 price objective (up previously from $16.00) on shares of Retail Opportunity Investments in a research note on Thursday, November 7th. BMO Capital Markets raised their price target on shares of Retail Opportunity Investments from $17.00 to $17.50 and gave the stock a "market perform" rating in a research note on Friday, November 8th. KeyCorp lowered shares of Retail Opportunity Investments from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, November 5th. StockNews.com began coverage on shares of Retail Opportunity Investments in a research note on Sunday, January 5th. They set a "hold" rating for the company. Finally, Raymond James lowered shares of Retail Opportunity Investments from an "outperform" rating to a "market perform" rating in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $16.20.

Retail Opportunity Investments Price Performance

The firm has a market capitalization of $2.23 billion, a PE ratio of 37.72 and a beta of 1.46. 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 50 day moving average is $17.32 and its two-hundred day moving average is $15.63.

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 earnings per share for the quarter, missing analysts' consensus estimates 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 business had revenue of $83.50 million during the quarter, compared to analysts' expectations of $82.13 million. During the same quarter in the prior year, the firm posted $0.27 earnings per share. The firm's quarterly revenue was up 2.5% on a year-over-year basis. Equities research analysts anticipate 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 declared a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 20th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.46%. The ex-dividend date of this dividend is Friday, December 20th. Retail Opportunity Investments's payout ratio is 130.43%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. International Assets Investment Management LLC lifted its holdings in shares of Retail Opportunity Investments by 1,473.1% during the 3rd quarter. International Assets Investment Management LLC now owns 1,872 shares of the real estate investment trust's stock worth $29,000 after acquiring an additional 1,753 shares during the last quarter. Principal Financial Group Inc. raised its position in Retail Opportunity Investments by 1.3% in the 3rd quarter. Principal Financial Group Inc. now owns 6,107,593 shares of the real estate investment trust's stock worth $96,072,000 after purchasing an additional 75,803 shares during the period. Federated Hermes Inc. raised its position in Retail Opportunity Investments by 2.9% in the 2nd quarter. Federated Hermes Inc. now owns 4,557,646 shares of the real estate investment trust's stock worth $56,652,000 after purchasing an additional 127,799 shares during the period. Citigroup Inc. increased its position in shares of Retail Opportunity Investments by 73.9% in the third quarter. Citigroup Inc. now owns 238,315 shares of the real estate investment trust's stock valued at $3,749,000 after acquiring an additional 101,275 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Retail Opportunity Investments by 3.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,347,118 shares of the real estate investment trust's stock valued at $36,920,000 after acquiring an additional 85,037 shares during the period. 97.16% of the stock is owned by institutional investors.

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.