GAMMA Investing LLC Grows Position in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

GAMMA Investing LLC boosted its holdings in Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 8.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 10,183 shares of the real estate investment trust’s stock after acquiring an additional 832 shares during the period. GAMMA Investing LLC’s holdings in Retail Opportunity Investments were worth $177,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of ROIC. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Retail Opportunity Investments by 296.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 952,252 shares of the real estate investment trust’s stock worth $14,979,000 after acquiring an additional 711,835 shares during the period. Strategy Asset Managers LLC boosted its holdings in Retail Opportunity Investments by 57.7% in the third quarter. Strategy Asset Managers LLC now owns 876,179 shares of the real estate investment trust’s stock worth $13,782,000 after purchasing an additional 320,520 shares during the last quarter. Easterly Investment Partners LLC bought a new stake in Retail Opportunity Investments in the 3rd quarter worth approximately $4,556,000. Barclays PLC raised its stake in Retail Opportunity Investments by 316.7% during the 3rd quarter. Barclays PLC now owns 211,816 shares of the real estate investment trust’s stock valued at $3,331,000 after buying an additional 160,981 shares during the last quarter. Finally, Federated Hermes Inc. lifted its holdings in shares of Retail Opportunity Investments by 2.9% during the 2nd quarter. Federated Hermes Inc. now owns 4,557,646 shares of the real estate investment trust’s stock valued at $56,652,000 after buying an additional 127,799 shares during the period. Institutional investors own 97.16% of the company’s stock.

Retail Opportunity Investments Stock Performance

Retail Opportunity Investments stock opened at $17.39 on Thursday. 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 firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of 37.80 and a beta of 1.46. The firm has a 50 day moving average of $17.25 and a 200 day moving average of $15.61.

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 analysts’ consensus estimates 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 analysts’ expectations of $82.13 million. During the same period last year, the company earned $0.27 earnings per share. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. As a group, research analysts predict that Retail Opportunity Investments Corp. will post 1.04 earnings per share for the current year.

Retail Opportunity Investments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 20th will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.60 annualized dividend and a dividend yield of 3.45%. Retail Opportunity Investments’s payout ratio is 130.43%.

Wall Street Analyst Weigh In

Several analysts recently commented on ROIC shares. Bank of America initiated coverage on Retail Opportunity Investments in a report on Thursday, October 24th. They issued an “underperform” rating and a $14.00 price objective for the company. Raymond James lowered shares of Retail Opportunity Investments from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 30th. Robert W. Baird reissued a “neutral” rating and issued a $17.50 price objective (up previously from $16.00) on shares of Retail Opportunity Investments in a report on Thursday, November 7th. KeyCorp cut shares of Retail Opportunity Investments from an “overweight” rating to a “sector weight” rating in a report on Tuesday, November 5th. Finally, Baird R W cut shares of Retail Opportunity Investments from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $16.20.

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.