Y Intercept Hong Kong Ltd Sells 30,993 Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Y Intercept Hong Kong Ltd lessened its stake in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 47.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,694 shares of the real estate investment trust’s stock after selling 30,993 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Retail Opportunity Investments were worth $530,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC increased its position in 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 worth $29,000 after purchasing an additional 1,753 shares during the last quarter. Federated Hermes Inc. increased its holdings in shares of Retail Opportunity Investments by 2.9% in the 2nd quarter. Federated Hermes Inc. now owns 4,557,646 shares of the real estate investment trust’s stock worth $56,652,000 after buying an additional 127,799 shares during the last quarter. Citigroup Inc. increased its holdings in shares of Retail Opportunity Investments by 73.9% in the 3rd quarter. Citigroup Inc. now owns 238,315 shares of the real estate investment trust’s stock worth $3,749,000 after buying an additional 101,275 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Retail Opportunity Investments by 1.3% in the 3rd 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 last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Retail Opportunity Investments by 3.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,347,118 shares of the real estate investment trust’s stock worth $36,920,000 after acquiring an additional 85,037 shares in the last quarter. Hedge funds and other institutional investors own 97.16% of the company’s stock.

Analyst Ratings Changes

ROIC has been the topic of a number of recent research reports. Wells Fargo & Company upped their price objective 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. KeyCorp lowered Retail Opportunity Investments from an “overweight” rating to a “sector weight” rating in a report on Tuesday, November 5th. Bank of America initiated 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. StockNews.com began coverage on shares of Retail Opportunity Investments in a research note on Thursday. They issued a “hold” rating on the stock. Finally, Baird R W lowered shares of Retail Opportunity Investments from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat.com, Retail Opportunity Investments presently has a consensus rating of “Hold” and an average price target of $16.17.

Retail Opportunity Investments Stock Performance

ROIC stock opened at $17.44 on Monday. Retail Opportunity Investments Corp. has a twelve month low of $11.87 and a twelve month high of $17.52. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of 37.91 and a beta of 1.47. The business’s fifty day simple moving average is $16.69 and its two-hundred day simple moving average is $15.02. 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 (NASDAQ:ROIC) last announced its quarterly earnings data 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 firm had revenue of $83.50 million during the quarter, compared to the consensus estimate of $82.13 million. During the same period last year, the company earned $0.27 EPS. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. Analysts predict that Retail Opportunity Investments Corp. will post 1.04 earnings per share for the current year.

Retail Opportunity Investments Announces Dividend

The firm also recently disclosed 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. This represents a $0.60 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date is Friday, December 20th. Retail Opportunity Investments’s dividend payout ratio (DPR) is 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.