289,654 Shares in Retail Opportunity Investments Corp. (NASDAQ:ROIC) Acquired by Easterly Investment Partners LLC

Easterly Investment Partners LLC acquired a new position in Retail Opportunity Investments Corp. (NASDAQ:ROIC) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 289,654 shares of the real estate investment trust’s stock, valued at approximately $4,556,000. Easterly Investment Partners LLC owned approximately 0.23% of Retail Opportunity Investments at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ROIC. International Assets Investment Management LLC boosted its stake in Retail Opportunity Investments by 1,473.1% during the 3rd quarter. International Assets Investment Management LLC now owns 1,872 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 1,753 shares in the last quarter. Allworth Financial LP boosted its stake in Retail Opportunity Investments by 4,320.3% during the 3rd quarter. Allworth Financial LP now owns 3,271 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 3,197 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Retail Opportunity Investments by 35.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,947 shares of the real estate investment trust’s stock valued at $77,000 after purchasing an additional 1,289 shares in the last quarter. Meeder Asset Management Inc. bought a new position in Retail Opportunity Investments during the 2nd quarter valued at $82,000. Finally, Point72 DIFC Ltd boosted its stake in Retail Opportunity Investments by 71.8% during the 2nd quarter. Point72 DIFC Ltd now owns 7,523 shares of the real estate investment trust’s stock valued at $94,000 after purchasing an additional 3,145 shares in the last quarter. 97.16% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ROIC has been the subject of a number of research reports. BMO Capital Markets increased their price target on Retail Opportunity Investments from $17.00 to $17.50 and gave the company a “market perform” rating in a research note on Friday. Robert W. Baird reiterated a “neutral” rating and set a $17.50 price objective (up previously from $16.00) on shares of Retail Opportunity Investments in a research report on Thursday. Baird R W downgraded Retail Opportunity Investments from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Wells Fargo & Company increased 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. Finally, Raymond James downgraded Retail Opportunity Investments from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $16.17.

Retail Opportunity Investments Stock Up 0.1 %

Shares of NASDAQ ROIC traded up $0.01 during mid-day trading on Friday, reaching $17.33. The company had a trading volume of 4,372,578 shares, compared to its average volume of 1,293,405. Retail Opportunity Investments Corp. has a twelve month low of $11.80 and a twelve month high of $17.40. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.92 and a current ratio of 1.92. The stock has a market capitalization of $2.23 billion, a PE ratio of 37.70 and a beta of 1.44. The stock’s 50 day moving average is $15.71 and its 200-day moving average is $14.07.

Retail Opportunity Investments (NASDAQ:ROIC) last posted its quarterly earnings results on Tuesday, October 22nd. The real estate investment trust reported $0.25 earnings per share 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 company had revenue of $83.50 million during the quarter, compared to analyst estimates of $82.13 million. During the same period last year, the company posted $0.27 earnings per share. The company’s revenue was up 2.5% compared to the same quarter last year. As a group, equities 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 firm also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 20th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.46%. The ex-dividend date is Friday, December 20th. Retail Opportunity Investments’s payout ratio is 130.43%.

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.