Retail Opportunity Investments Corp. (NASDAQ:ROIC) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Retail Opportunity Investments Corp. (NASDAQ:ROIC - Free Report) by 296.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 952,252 shares of the real estate investment trust's stock after purchasing an additional 711,835 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.74% of Retail Opportunity Investments worth $14,979,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of ROIC. Principal Financial Group Inc. raised its holdings in Retail Opportunity Investments by 1.3% during the third quarter. Principal Financial Group Inc. now owns 6,107,593 shares of the real estate investment trust's stock valued at $96,072,000 after acquiring an additional 75,803 shares during the period. Federated Hermes Inc. raised its holdings in Retail Opportunity Investments by 2.9% during the second quarter. Federated Hermes Inc. now owns 4,557,646 shares of the real estate investment trust's stock valued at $56,652,000 after acquiring an additional 127,799 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Retail Opportunity Investments by 3.7% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,300,317 shares of the real estate investment trust's stock valued at $41,023,000 after acquiring an additional 118,766 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Retail Opportunity Investments by 3.8% during 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 purchasing an additional 85,037 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Retail Opportunity Investments by 2.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,834,124 shares of the real estate investment trust's stock valued at $22,798,000 after purchasing an additional 39,980 shares in the last quarter. 97.16% of the stock is owned by institutional investors.

Retail Opportunity Investments Stock Performance

Shares of ROIC traded down $0.01 during trading hours on Friday, reaching $17.44. 939,391 shares of the company traded hands, compared to its average volume of 2,153,055. The stock has a market capitalization of $2.24 billion, a P/E ratio of 37.91 and a beta of 1.47. 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 Corp. has a 12-month low of $11.87 and a 12-month high of $17.52. The business has a fifty day moving average price of $16.50 and a 200-day moving average price of $14.81.

Retail Opportunity Investments (NASDAQ:ROIC - Get Free Report) last announced 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 company had revenue of $83.50 million for the quarter, compared to analysts' expectations of $82.13 million. During the same period last year, the firm earned $0.27 earnings per share. Retail Opportunity Investments's quarterly revenue was up 2.5% compared to the same quarter last year. Equities analysts anticipate that Retail Opportunity Investments Corp. will post 1.04 EPS for the current fiscal year.

Retail Opportunity Investments Announces Dividend

The firm 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 3.44%. The ex-dividend date of this dividend is Friday, December 20th. Retail Opportunity Investments's payout ratio is 130.43%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ROIC. BMO Capital Markets raised their price objective on Retail Opportunity Investments from $17.00 to $17.50 and gave the company a "market perform" rating in a research report on Friday, November 8th. StockNews.com initiated coverage on Retail Opportunity Investments in a research report on Wednesday. They set a "hold" rating for the company. Baird R W lowered Retail Opportunity Investments from a "strong-buy" rating to a "hold" rating in a research report on Thursday, November 7th. Robert W. Baird reiterated a "neutral" rating and issued a $17.50 price target (up previously from $16.00) on shares of Retail Opportunity Investments in a research report on Thursday, November 7th. Finally, Bank of America initiated coverage on Retail Opportunity Investments in a research report on Thursday, October 24th. They issued an "underperform" rating and a $14.00 price target for the company. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. According to MarketBeat, the stock has an average 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.