Point72 Asia Singapore Pte. Ltd. Acquires 3,124 Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Point72 Asia Singapore Pte. Ltd. boosted its stake in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 78.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,122 shares of the real estate investment trust’s stock after acquiring an additional 3,124 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Retail Opportunity Investments were worth $112,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ROIC. Price T Rowe Associates Inc. MD increased its position in shares of Retail Opportunity Investments by 5.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 91,939 shares of the real estate investment trust’s stock valued at $1,179,000 after purchasing an additional 4,491 shares during the last quarter. Vanderbilt University increased its position in Retail Opportunity Investments by 41.1% during the second quarter. Vanderbilt University now owns 52,104 shares of the real estate investment trust’s stock valued at $648,000 after acquiring an additional 15,186 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Retail Opportunity Investments by 3.7% in 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. Stableford Capital II LLC lifted its holdings in shares of Retail Opportunity Investments by 62.7% in the 2nd quarter. Stableford Capital II LLC now owns 203,861 shares of the real estate investment trust’s stock worth $2,746,000 after acquiring an additional 78,598 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in shares of Retail Opportunity Investments by 2.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 64,100 shares of the real estate investment trust’s stock worth $797,000 after purchasing an additional 1,700 shares during the period. 97.16% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Baird R W lowered shares of Retail Opportunity Investments from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Bank of America began coverage on Retail Opportunity Investments in a report on Thursday, October 24th. They issued an “underperform” rating and a $14.00 price target on the stock. Wells Fargo & Company boosted their price objective on Retail Opportunity Investments from $13.50 to $16.00 and gave the company an “equal weight” rating in a report on Wednesday, August 28th. StockNews.com started coverage on Retail Opportunity Investments in a research note on Wednesday. They issued a “hold” rating on the stock. Finally, Robert W. Baird reissued a “neutral” rating and set a $17.50 target price (up from $16.00) on shares of Retail Opportunity Investments in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $16.17.

Retail Opportunity Investments Price Performance

ROIC opened at $17.45 on Friday. The company has a market capitalization of $2.24 billion, a price-to-earnings ratio of 37.93 and a beta of 1.47. The company has a current ratio of 1.92, a quick 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’s fifty day simple moving average is $16.47 and its 200-day simple moving average is $14.76.

Retail Opportunity Investments (NASDAQ:ROIC) last issued its earnings results on Tuesday, October 22nd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $82.13 million. During the same quarter in the previous year, the company earned $0.27 earnings per share. The firm’s revenue was up 2.5% on a year-over-year basis. On average, equities research analysts anticipate that Retail Opportunity Investments Corp. will post 1.04 earnings per share for the current fiscal year.

Retail Opportunity Investments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 20th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.60 dividend on an annualized basis and a yield of 3.44%. Retail Opportunity Investments’s dividend payout ratio is currently 130.43%.

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.