Quest Partners LLC Trims Position in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Quest Partners LLC decreased its holdings in Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 80.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,875 shares of the real estate investment trust’s stock after selling 164,531 shares during the quarter. Quest Partners LLC’s holdings in Retail Opportunity Investments were worth $612,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in ROIC. Principal Financial Group Inc. boosted its stake in shares of Retail Opportunity Investments by 20.4% during the 2nd quarter. Principal Financial Group Inc. now owns 6,031,790 shares of the real estate investment trust’s stock valued at $74,975,000 after purchasing an additional 1,020,314 shares in the last quarter. Lasalle Investment Management Securities LLC grew its holdings in shares of Retail Opportunity Investments by 14.8% during the 1st quarter. Lasalle Investment Management Securities LLC now owns 3,649,182 shares of the real estate investment trust’s stock worth $46,783,000 after acquiring an additional 469,905 shares during the period. Easterly Investment Partners LLC bought a new position in shares of Retail Opportunity Investments in the 3rd quarter worth approximately $4,556,000. Vanguard Group Inc. lifted its stake in shares of Retail Opportunity Investments by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 19,815,894 shares of the real estate investment trust’s stock valued at $254,040,000 after purchasing an additional 160,068 shares during the period. Finally, Federated Hermes Inc. boosted its position in shares of Retail Opportunity Investments by 2.9% during the second quarter. Federated Hermes Inc. now owns 4,557,646 shares of the real estate investment trust’s stock valued at $56,652,000 after purchasing an additional 127,799 shares in the last quarter. Institutional investors own 97.16% of the company’s stock.

Retail Opportunity Investments Trading Down 0.1 %

Shares of NASDAQ ROIC opened at $17.37 on Friday. The company has a market cap of $2.23 billion, a PE ratio of 37.78 and a beta of 1.44. 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 firm’s 50 day moving average price is $16.14 and its 200-day moving average price is $14.42. Retail Opportunity Investments Corp. has a 52-week low of $11.87 and a 52-week high of $17.42.

Retail Opportunity Investments (NASDAQ:ROIC) last issued its earnings results on Tuesday, October 22nd. The real estate investment trust reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01). Retail Opportunity Investments had a net margin of 17.38% and a return on equity of 4.32%. The business had revenue of $83.50 million for the quarter, compared to analysts’ expectations of $82.13 million. During the same quarter in the prior year, the business posted $0.27 earnings per share. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, equities research analysts expect that Retail Opportunity Investments Corp. will post 1.04 EPS for the current fiscal year.

Retail Opportunity Investments Announces Dividend

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 $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date of this dividend is Friday, December 20th. Retail Opportunity Investments’s dividend payout ratio (DPR) is 130.43%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on ROIC shares. Robert W. Baird reissued 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, November 7th. KeyCorp lowered shares of Retail Opportunity Investments from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, November 5th. Wells Fargo & Company raised their target price on shares of Retail Opportunity Investments from $13.50 to $16.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 28th. Bank of America initiated coverage on Retail Opportunity Investments in a research report on Thursday, October 24th. They issued an “underperform” rating and a $14.00 price target on the stock. Finally, StockNews.com initiated coverage on Retail Opportunity Investments in a research report on Monday, November 18th. They set a “hold” rating for the company. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat.com, Retail Opportunity Investments presently has a consensus rating of “Hold” and a consensus 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.