ProShare Advisors LLC Reduces Stock Position in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

ProShare Advisors LLC trimmed its holdings in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 23.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,045 shares of the real estate investment trust’s stock after selling 5,843 shares during the period. ProShare Advisors LLC’s holdings in Retail Opportunity Investments were worth $237,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Inspire Investing LLC raised its position in shares of Retail Opportunity Investments by 3.1% during the 1st quarter. Inspire Investing LLC now owns 28,070 shares of the real estate investment trust’s stock worth $360,000 after acquiring an additional 856 shares in the last quarter. Arizona State Retirement System raised its holdings in Retail Opportunity Investments by 2.7% during the second quarter. Arizona State Retirement System now owns 35,555 shares of the real estate investment trust’s stock worth $442,000 after purchasing an additional 927 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Retail Opportunity Investments by 7.4% during the 2nd 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 during the last quarter. Texas Permanent School Fund Corp boosted its holdings in shares of Retail Opportunity Investments by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 110,276 shares of the real estate investment trust’s stock valued at $1,414,000 after buying an additional 1,476 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its position in shares of Retail Opportunity Investments by 2.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 64,100 shares of the real estate investment trust’s stock valued at $797,000 after buying an additional 1,700 shares during the last quarter. 97.16% of the stock is owned by hedge funds and other institutional investors.

Retail Opportunity Investments Stock Up 0.3 %

Shares of NASDAQ:ROIC opened at $15.57 on Friday. 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 company has a market cap of $1.98 billion, a price-to-earnings ratio of 51.90, a PEG ratio of 2.10 and a beta of 1.45. Retail Opportunity Investments Corp. has a fifty-two week low of $10.98 and a fifty-two week high of $16.20. The firm’s 50-day simple moving average is $15.35 and its 200-day simple moving average is $13.50.

Retail Opportunity Investments (NASDAQ:ROIC) last posted its quarterly earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.06 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $81.19 million. During the same period in the prior year, the business earned $0.27 earnings per share. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. As a group, equities research analysts predict that Retail Opportunity Investments Corp. will post 1.05 earnings per share for the current year.

Retail Opportunity Investments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 20th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, September 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.85%. Retail Opportunity Investments’s dividend payout ratio (DPR) is presently 200.00%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Raymond James raised their price objective on Retail Opportunity Investments from $15.00 to $16.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Wells Fargo & Company raised 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. Finally, StockNews.com upgraded Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research note on Monday, August 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, Retail Opportunity Investments has an average rating of “Hold” and an average target price of $15.00.

Retail Opportunity Investments Company 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.