M&G Plc Purchases Shares of 11,866 Retail Opportunity Investments Corp. (NASDAQ:ROIC)

M&G Plc purchased a new stake in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 11,866 shares of the real estate investment trust’s stock, valued at approximately $154,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Retail Opportunity Investments by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 19,819,688 shares of the real estate investment trust’s stock worth $245,368,000 after acquiring an additional 71,258 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Retail Opportunity Investments by 8.0% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 182,545 shares of the real estate investment trust’s stock worth $2,260,000 after acquiring an additional 13,446 shares in the last quarter. Vanderbilt University bought a new position in shares of Retail Opportunity Investments in the 4th quarter worth approximately $164,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Retail Opportunity Investments by 6.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 58,564 shares of the real estate investment trust’s stock worth $822,000 after acquiring an additional 3,736 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Retail Opportunity Investments by 6.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 219,365 shares of the real estate investment trust’s stock worth $3,078,000 after acquiring an additional 13,299 shares in the last quarter. Institutional investors own 97.16% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ROIC. Bank of America reissued an “underperform” rating and issued a $12.00 target price (down previously from $14.50) on shares of Retail Opportunity Investments in a research report on Friday, April 5th. Wells Fargo & Company reduced their price objective on Retail Opportunity Investments from $14.00 to $13.50 and set an “equal weight” rating for the company in a research report on Tuesday, May 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $14.38.

Retail Opportunity Investments Stock Down 1.0 %

ROIC stock traded down $0.13 on Friday, reaching $13.35. 759,800 shares of the company traded hands, compared to its average volume of 931,465. Retail Opportunity Investments Corp. has a one year low of $10.98 and a one year high of $15.16. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market cap of $1.70 billion, a P/E ratio of 44.50 and a beta of 1.45. The firm has a fifty day simple moving average of $12.51 and a 200-day simple moving average of $12.83.

Retail Opportunity Investments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 10th. Shareholders of record on Friday, June 14th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, June 14th. This represents a $0.60 annualized dividend and a yield of 4.49%. Retail Opportunity Investments’s dividend payout ratio is 200.00%.

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.