Retail Opportunity Investments Corp. (NASDAQ:ROIC) Shares Acquired by Federated Hermes Inc.

Federated Hermes Inc. increased its position in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC - Free Report) by 10.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,216,242 shares of the real estate investment trust's stock after acquiring an additional 409,837 shares during the quarter. Federated Hermes Inc. owned approximately 3.35% of Retail Opportunity Investments worth $59,154,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Clear Street Markets LLC purchased a new stake in Retail Opportunity Investments in the 3rd quarter valued at about $29,000. Tower Research Capital LLC TRC increased its stake in Retail Opportunity Investments by 189.7% during the first quarter. Tower Research Capital LLC TRC now owns 2,497 shares of the real estate investment trust's stock worth $35,000 after purchasing an additional 1,635 shares during the period. Lazard Asset Management LLC purchased a new stake in Retail Opportunity Investments during the fourth quarter worth about $92,000. UBS Group AG increased its stake in Retail Opportunity Investments by 116.3% during the fourth quarter. UBS Group AG now owns 6,294 shares of the real estate investment trust's stock worth $95,000 after purchasing an additional 44,883 shares during the period. Finally, Evergreen Capital Management LLC purchased a new stake in Retail Opportunity Investments during the third quarter worth about $126,000. Institutional investors and hedge funds own 97.16% of the company's stock.

Analysts Set New Price Targets

ROIC has been the topic of a number of recent research reports. KeyCorp upgraded shares of Retail Opportunity Investments from a "sector weight" rating to an "overweight" rating and set a $16.00 price target on the stock in a research note on Friday, January 5th. Bank of America restated an "underperform" rating and set a $12.00 target price (down from $14.50) on shares of Retail Opportunity Investments in a research note on Friday, April 5th. Finally, StockNews.com upgraded shares of Retail Opportunity Investments from a "sell" rating to a "hold" rating in a research note on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Retail Opportunity Investments presently has an average rating of "Hold" and an average target price of $14.75.

Retail Opportunity Investments Stock Up 1.6 %

ROIC traded up $0.19 on Friday, reaching $12.28. The company's stock had a trading volume of 907,032 shares, compared to its average volume of 1,046,533. The stock has a 50 day moving average of $12.69 and a two-hundred day moving average of $12.90. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of 45.48 and a beta of 1.42. Retail Opportunity Investments Corp. has a fifty-two week low of $10.98 and a fifty-two week high of $15.16.

Retail Opportunity Investments (NASDAQ:ROIC - Get Free Report) last announced its quarterly earnings results on Thursday, February 15th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.27 by ($0.21). The business had revenue of $84.60 million during the quarter, compared to analyst estimates of $81.09 million. Retail Opportunity Investments had a net margin of 10.54% and a return on equity of 2.53%. The business's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the company earned $0.27 earnings per share. As a group, analysts forecast that Retail Opportunity Investments Corp. will post 1.04 EPS for the current fiscal year.

Retail Opportunity Investments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.89%. The ex-dividend date of this dividend was Thursday, March 14th. Retail Opportunity Investments's payout ratio is currently 222.23%.

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.