Public Sector Pension Investment Board Has $4.25 Million Stock Holdings in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Public Sector Pension Investment Board lowered its stake in Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 3.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 270,448 shares of the real estate investment trust’s stock after selling 10,000 shares during the period. Public Sector Pension Investment Board owned approximately 0.21% of Retail Opportunity Investments worth $4,254,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of ROIC. Arizona State Retirement System grew its position in shares of Retail Opportunity Investments by 2.7% in the second quarter. Arizona State Retirement System now owns 35,555 shares of the real estate investment trust’s stock valued at $442,000 after purchasing an additional 927 shares during the last quarter. Creative Planning grew its holdings in Retail Opportunity Investments by 6.7% in the 3rd quarter. Creative Planning now owns 18,988 shares of the real estate investment trust’s stock valued at $299,000 after buying an additional 1,194 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position 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 worth $77,000 after buying an additional 1,289 shares during the period. Van ECK Associates Corp lifted its holdings in shares of Retail Opportunity Investments by 7.4% during the second quarter. Van ECK Associates Corp now owns 18,964 shares of the real estate investment trust’s stock worth $236,000 after buying an additional 1,307 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in shares of Retail Opportunity Investments by 2.7% in the second quarter. Louisiana State Employees Retirement System now owns 64,100 shares of the real estate investment trust’s stock valued at $797,000 after acquiring an additional 1,700 shares during the period. 97.16% of the stock is owned by institutional investors.

Retail Opportunity Investments Price Performance

Shares of ROIC stock opened at $17.40 on Tuesday. The business has a fifty day simple moving average of $16.36 and a 200 day simple moving average of $14.69. The company has a market cap of $2.24 billion, a P/E ratio of 37.83 and a beta of 1.44. 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 Corp. has a twelve month low of $11.87 and a twelve month high of $17.44.

Retail Opportunity Investments (NASDAQ:ROIC) last posted its earnings results on Tuesday, October 22nd. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). The company had revenue of $83.50 million during the quarter, compared to the consensus estimate of $82.13 million. Retail Opportunity Investments had a return on equity of 4.32% and a net margin of 17.38%. The firm’s revenue was up 2.5% compared to the same quarter last year. During the same period last year, the company posted $0.27 EPS. On average, sell-side analysts forecast that Retail Opportunity Investments Corp. will post 1.04 EPS for the current fiscal year.

Retail Opportunity Investments Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have weighed in on ROIC shares. 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. Bank of America assumed coverage on Retail Opportunity Investments in a research note on Thursday, October 24th. They issued an “underperform” rating and a $14.00 price target for the company. KeyCorp lowered Retail Opportunity Investments from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, November 5th. Wells Fargo & Company upped their target price 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, StockNews.com began coverage on Retail Opportunity Investments in a research report on Tuesday, November 26th. They issued a “hold” rating on the stock. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $16.17.

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.