Retail Opportunity Investments Corp. (NASDAQ:ROIC) Holdings Cut by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its position in Retail Opportunity Investments Corp. (NASDAQ:ROIC - Free Report) by 55.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,322 shares of the real estate investment trust's stock after selling 101,914 shares during the quarter. Victory Capital Management Inc. owned 0.06% of Retail Opportunity Investments worth $1,311,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC lifted its position in shares of Retail Opportunity Investments by 1,473.1% in 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 in the last quarter. Allworth Financial LP lifted its stake in shares of 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 buying an additional 3,197 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position 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. acquired a new position in Retail Opportunity Investments in the 2nd quarter valued at $82,000. Finally, Point72 DIFC Ltd lifted its stake in shares of Retail Opportunity Investments by 71.8% during the 2nd quarter. Point72 DIFC Ltd now owns 7,523 shares of the real estate investment trust's stock worth $94,000 after purchasing an additional 3,145 shares during the period. Institutional investors and hedge funds own 97.16% of the company's stock.

Retail Opportunity Investments Stock Down 0.1 %

ROIC traded down $0.01 during trading hours on Wednesday, reaching $17.40. 230,429 shares of the stock traded hands, compared to its average volume of 1,322,564. Retail Opportunity Investments Corp. has a fifty-two week low of $11.87 and a fifty-two week high of $17.43. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 37.85 and a beta of 1.44. 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 firm's fifty day simple moving average is $16.23 and its two-hundred day simple moving average is $14.55.

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). 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 previous year, the firm posted $0.27 earnings per share. The firm's revenue was up 2.5% compared to the same quarter last year. As a group, analysts forecast that Retail Opportunity Investments Corp. will post 1.04 earnings per share for the current fiscal year.

Retail Opportunity Investments Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 20th will be paid a $0.15 dividend. The ex-dividend date is Friday, December 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.45%. Retail Opportunity Investments's dividend payout ratio (DPR) is presently 130.43%.

Analysts Set New Price Targets

A number of brokerages have issued reports on ROIC. KeyCorp lowered Retail Opportunity Investments from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, November 5th. StockNews.com assumed coverage on shares of Retail Opportunity Investments in a research report on Tuesday. They set a "hold" rating for the company. Bank of America started coverage on shares of Retail Opportunity Investments in a research note on Thursday, October 24th. They set an "underperform" rating and a $14.00 price objective for the company. Wells Fargo & Company boosted their price target 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. Finally, Raymond James lowered Retail Opportunity Investments from an "outperform" rating to a "market perform" rating in a research note on Wednesday, October 30th. One research 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 a consensus rating of "Hold" and a consensus 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.