63,000 Shares in Retail Opportunity Investments Corp. (NASDAQ:ROIC) Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new position in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 63,000 shares of the real estate investment trust's stock, valued at approximately $884,000. Louisiana State Employees Retirement System owned approximately 0.05% of Retail Opportunity Investments as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. SG Americas Securities LLC increased its stake in shares of Retail Opportunity Investments by 291.9% in the third quarter. SG Americas Securities LLC now owns 85,571 shares of the real estate investment trust's stock valued at $1,059,000 after buying an additional 63,738 shares during the period. Asset Management One Co. Ltd. increased its stake in shares of Retail Opportunity Investments by 1.7% in the third quarter. Asset Management One Co. Ltd. now owns 208,907 shares of the real estate investment trust's stock valued at $2,586,000 after buying an additional 3,501 shares during the period. Strs Ohio increased its stake in shares of Retail Opportunity Investments by 5.9% in the third quarter. Strs Ohio now owns 58,892 shares of the real estate investment trust's stock valued at $729,000 after buying an additional 3,300 shares during the period. Inspire Investing LLC increased its stake in shares of Retail Opportunity Investments by 4.6% in the third quarter. Inspire Investing LLC now owns 24,609 shares of the real estate investment trust's stock valued at $305,000 after buying an additional 1,093 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Retail Opportunity Investments by 4.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 206,066 shares of the real estate investment trust's stock valued at $2,551,000 after buying an additional 9,094 shares during the period. Institutional investors and hedge funds own 97.16% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. StockNews.com raised Retail Opportunity Investments from a "sell" rating to a "hold" rating in a research note on Wednesday, February 14th. KeyCorp upgraded Retail Opportunity Investments from a "sector weight" rating to an "overweight" rating and set a $16.00 target price on the stock in a research report on Friday, January 5th. Finally, Bank of America restated an "underperform" rating and set a $12.00 target price (down previously from $14.50) on shares of Retail Opportunity Investments in a research report on Friday, April 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $14.75.

Retail Opportunity Investments Trading Down 0.9 %

Shares of Retail Opportunity Investments stock traded down $0.11 on Friday, hitting $12.25. 1,068,767 shares of the company's stock traded hands, compared to its average volume of 1,203,989. Retail Opportunity Investments Corp. has a one year low of $10.98 and a one year high of $15.16. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.07 and a quick ratio of 1.38. The company has a fifty day moving average of $12.64 and a two-hundred day moving average of $12.92. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of 41.03 and a beta of 1.42.

Retail Opportunity Investments (NASDAQ:ROIC - Get Free Report) last announced its earnings results 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). The business had revenue of $84.60 million for the quarter, compared to the consensus estimate of $81.09 million. Retail Opportunity Investments had a net margin of 11.21% and a return on equity of 2.75%. The firm's revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.27 EPS. As a group, sell-side analysts expect that Retail Opportunity Investments Corp. will post 1.04 earnings per share for the current year.

Retail Opportunity Investments Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Friday, June 14th will be issued a $0.15 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.60 annualized dividend and a yield of 4.90%. Retail Opportunity Investments's payout ratio is currently 200.00%.

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.