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

Victory Capital Management Inc. increased its stake in Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 16.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 185,236 shares of the real estate investment trust’s stock after purchasing an additional 25,574 shares during the period. Victory Capital Management Inc.’s holdings in Retail Opportunity Investments were worth $2,302,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. EntryPoint Capital LLC increased its position in Retail Opportunity Investments by 155.8% in the first quarter. EntryPoint Capital LLC now owns 8,717 shares of the real estate investment trust’s stock worth $112,000 after buying an additional 5,309 shares during the period. Lazard Asset Management LLC bought a new position in shares of Retail Opportunity Investments during the first quarter worth about $128,000. First Trust Direct Indexing L.P. bought a new stake in Retail Opportunity Investments in the 1st quarter valued at about $129,000. Diversified Trust Co bought a new stake in Retail Opportunity Investments in the 1st quarter valued at about $152,000. Finally, M&G Plc acquired a new position in Retail Opportunity Investments during the 1st quarter valued at about $154,000. Institutional investors and hedge funds own 97.16% of the company’s stock.

Analysts Set New Price Targets

ROIC has been the topic of a number of recent analyst reports. Wells Fargo & Company lifted their price target 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. Raymond James increased their price target on Retail Opportunity Investments from $15.00 to $16.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Finally, StockNews.com raised Retail Opportunity Investments from a “sell” rating to a “hold” rating in a report on Monday, August 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $15.00.

Retail Opportunity Investments Stock Down 0.7 %

ROIC opened at $15.82 on Wednesday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.38 and a current ratio of 1.38. The company has a market capitalization of $2.02 billion, a PE ratio of 52.73, a P/E/G ratio of 2.01 and a beta of 1.45. The stock’s fifty day moving average is $14.69 and its 200-day moving average is $13.25. Retail Opportunity Investments Corp. has a one year low of $10.98 and a one year high of $16.20.

Retail Opportunity Investments (NASDAQ:ROIC) last issued its quarterly earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.19). The business had revenue of $83.32 million during the quarter, compared to analyst estimates of $81.19 million. Retail Opportunity Investments had a net margin of 10.40% and a return on equity of 2.57%. Retail Opportunity Investments’s revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.27 earnings per share. On average, equities analysts predict that Retail Opportunity Investments Corp. will post 1.05 EPS for the current fiscal year.

Retail Opportunity Investments Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 20th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.79%. The ex-dividend date is Friday, September 20th. Retail Opportunity Investments’s dividend payout ratio is presently 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.