Hsbc Holdings PLC Grows Stock Position in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Hsbc Holdings PLC increased its holdings in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 16.4% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 103,085 shares of the real estate investment trust’s stock after purchasing an additional 14,515 shares during the quarter. Hsbc Holdings PLC’s holdings in Retail Opportunity Investments were worth $1,281,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in ROIC. Principal Financial Group Inc. lifted its position in Retail Opportunity Investments by 185.8% during the first quarter. Principal Financial Group Inc. now owns 5,011,476 shares of the real estate investment trust’s stock worth $64,247,000 after buying an additional 3,257,862 shares during the period. Centersquare Investment Management LLC increased its stake in Retail Opportunity Investments by 31.7% during the fourth quarter. Centersquare Investment Management LLC now owns 8,747,743 shares of the real estate investment trust’s stock worth $122,731,000 after acquiring an additional 2,105,436 shares during the last quarter. Lasalle Investment Management Securities LLC increased its stake in Retail Opportunity Investments by 43.7% during the fourth quarter. Lasalle Investment Management Securities LLC now owns 3,179,277 shares of the real estate investment trust’s stock worth $44,605,000 after acquiring an additional 966,860 shares during the last quarter. Norges Bank acquired a new stake in Retail Opportunity Investments during the fourth quarter worth about $11,328,000. Finally, Easterly Investment Partners LLC acquired a new stake in Retail Opportunity Investments during the first quarter worth about $7,764,000. 97.16% of the stock is currently owned by hedge funds and other institutional investors.

Retail Opportunity Investments Price Performance

Shares of NASDAQ ROIC opened at $15.63 on Friday. Retail Opportunity Investments Corp. has a fifty-two week low of $10.98 and a fifty-two week high of $16.20. The business has a 50 day moving average price of $15.10 and a two-hundred day moving average price of $13.40. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.07. The firm has a market cap of $1.99 billion, a PE ratio of 52.10, a price-to-earnings-growth ratio of 2.10 and a beta of 1.45.

Retail Opportunity Investments (NASDAQ:ROIC) last issued its quarterly earnings data 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). Retail Opportunity Investments had a net margin of 10.40% and a return on equity of 2.57%. The business had revenue of $83.32 million for the quarter, compared to analyst estimates of $81.19 million. During the same quarter last year, the business earned $0.27 EPS. Retail Opportunity Investments’s revenue for the quarter was up 1.6% compared to the same quarter last year. Sell-side analysts expect that Retail Opportunity Investments Corp. will post 1.05 earnings per share for the current fiscal year.

Retail Opportunity Investments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 20th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date is Friday, September 20th. Retail Opportunity Investments’s dividend payout ratio is presently 200.00%.

Analyst Upgrades and Downgrades

ROIC has been the subject of several research analyst reports. Wells Fargo & Company upped their price target on Retail Opportunity Investments from $13.50 to $16.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 28th. StockNews.com upgraded Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research note on Monday, August 19th. Finally, Raymond James upped 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $15.00.

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.