Mirae Asset Global Investments Co. Ltd. Has $822,000 Stake in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Mirae Asset Global Investments Co. Ltd. boosted its stake in Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 6.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,564 shares of the real estate investment trust’s stock after purchasing an additional 3,736 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Retail Opportunity Investments were worth $822,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Clear Street Markets LLC bought a new stake in Retail Opportunity Investments during the third quarter valued at $29,000. Evergreen Capital Management LLC bought a new stake in Retail Opportunity Investments during the third quarter valued at $126,000. Quadrature Capital Ltd bought a new stake in Retail Opportunity Investments during the third quarter valued at $127,000. Vanderbilt University bought a new stake in Retail Opportunity Investments during the fourth quarter valued at $164,000. Finally, Schechter Investment Advisors LLC bought a new stake in Retail Opportunity Investments during the third quarter valued at $149,000. Institutional investors own 97.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. KeyCorp raised shares of Retail Opportunity Investments from a “sector weight” rating to an “overweight” rating and set a $16.00 price target on the stock in a research report on Friday, January 5th. Bank of America reissued an “underperform” rating and set a $12.00 price objective (down previously from $14.50) on shares of Retail Opportunity Investments in a research report on Friday, April 5th. Finally, StockNews.com raised shares of Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Retail Opportunity Investments has a consensus rating of “Hold” and a consensus price target of $14.75.

Retail Opportunity Investments Price Performance

ROIC stock opened at $12.40 on Thursday. The stock has a market capitalization of $1.58 billion, a PE ratio of 45.96 and a beta of 1.42. The company’s 50-day moving average is $12.66 and its 200-day moving average is $12.93. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.38 and a quick ratio of 1.38. Retail Opportunity Investments Corp. has a 1 year low of $10.98 and a 1 year high of $15.16.

Retail Opportunity Investments (NASDAQ:ROIC) last announced its quarterly earnings results on Thursday, February 15th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.21). Retail Opportunity Investments had a net margin of 10.54% and a return on equity of 2.53%. The business had revenue of $84.60 million during the quarter, compared to the consensus estimate of $81.09 million. During the same period in the previous year, the business posted $0.27 EPS. Retail Opportunity Investments’s revenue was up 5.5% compared to the same quarter last year. Equities research analysts expect that Retail Opportunity Investments Corp. will post 1.04 EPS for the current fiscal year.

Retail Opportunity Investments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were given a $0.15 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.60 annualized dividend and a yield of 4.84%. Retail Opportunity Investments’s payout ratio is 222.23%.

Retail Opportunity Investments 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.