89,469 Shares in Retail Opportunity Investments Corp. (NASDAQ:ROIC) Purchased by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd bought a new position in Retail Opportunity Investments Corp. (NASDAQ:ROIC - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 89,469 shares of the real estate investment trust's stock, valued at approximately $1,255,000. OVERSEA CHINESE BANKING Corp Ltd owned approximately 0.07% of Retail Opportunity Investments at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Clear Street Markets LLC bought a new stake in shares of Retail Opportunity Investments in the 3rd quarter worth $29,000. Tower Research Capital LLC TRC boosted its holdings in shares of Retail Opportunity Investments by 189.7% in the 1st quarter. Tower Research Capital LLC TRC now owns 2,497 shares of the real estate investment trust's stock worth $35,000 after buying an additional 1,635 shares during the last quarter. Lindbrook Capital LLC boosted its holdings in shares of Retail Opportunity Investments by 61.9% in the 4th quarter. Lindbrook Capital LLC now owns 2,514 shares of the real estate investment trust's stock worth $35,000 after buying an additional 961 shares during the last quarter. Lazard Asset Management LLC purchased a new position in shares of Retail Opportunity Investments in the 4th quarter worth about $92,000. Finally, UBS Group AG boosted its holdings in shares of Retail Opportunity Investments by 116.3% in the 4th quarter. UBS Group AG now owns 6,294 shares of the real estate investment trust's stock worth $95,000 after buying an additional 44,883 shares during the last quarter. Institutional investors own 97.16% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. StockNews.com raised shares of Retail Opportunity Investments from a "sell" rating to a "hold" rating in a report on Wednesday, February 14th. Bank of America reissued an "underperform" rating and issued a $12.00 price target (down from $14.50) on shares of Retail Opportunity Investments in a report on Friday, April 5th. Finally, KeyCorp raised 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 report on Friday, January 5th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $14.75.

Retail Opportunity Investments Stock Performance

NASDAQ ROIC traded up $0.19 during trading on Friday, hitting $12.28. 907,032 shares of the company's stock traded hands, compared to its average volume of 1,046,533. The stock 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 12-month low of $10.98 and a 12-month high of $15.16. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.38 and a current ratio of 1.38. The business has a 50 day moving average of $12.69 and a 200-day moving average of $12.91.

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

Retail Opportunity Investments Announces Dividend

The company also recently declared 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 dividend on an annualized basis 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 222.23%.

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.