Daiwa Securities Group Inc. Sells 1,868 Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Daiwa Securities Group Inc. decreased its position in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 4.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 38,372 shares of the real estate investment trust’s stock after selling 1,868 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Retail Opportunity Investments were worth $538,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Clear Street Markets LLC bought a new position in Retail Opportunity Investments during the third quarter worth $29,000. Evergreen Capital Management LLC bought a new position in shares of Retail Opportunity Investments in the 3rd quarter worth about $126,000. Quadrature Capital Ltd bought a new position in shares of Retail Opportunity Investments in the 3rd quarter worth about $127,000. Vanderbilt University bought a new stake in shares of Retail Opportunity Investments during the 4th quarter valued at about $164,000. Finally, Schechter Investment Advisors LLC acquired a new stake in Retail Opportunity Investments during the third quarter worth approximately $149,000. Institutional investors and hedge funds own 97.16% of the company’s stock.

Wall Street Analyst Weigh In

ROIC has been the topic of several recent analyst reports. 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 research note on Friday, April 5th. StockNews.com raised shares of Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. Finally, KeyCorp raised shares of Retail Opportunity Investments from a “sector weight” rating to an “overweight” rating and set a $16.00 price target for the company in a research note on Friday, January 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Retail Opportunity Investments has a consensus rating of “Hold” and an average target price of $14.75.

Retail Opportunity Investments Trading Down 0.3 %

NASDAQ ROIC opened at $12.36 on Friday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.01. Retail Opportunity Investments Corp. has a 52 week low of $10.98 and a 52 week high of $15.16. The business has a 50 day moving average price of $12.65 and a 200-day moving average price of $12.92. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 41.20 and a beta of 1.42.

Retail Opportunity Investments (NASDAQ:ROIC) last announced its earnings results on Thursday, February 15th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.21). Retail Opportunity Investments had a net margin of 11.21% and a return on equity of 2.74%. The company had revenue of $84.60 million for the quarter, compared to analysts’ expectations of $81.09 million. During the same period in the previous year, the firm earned $0.27 EPS. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, equities analysts expect that Retail Opportunity Investments Corp. will post 1.04 earnings per share for the current fiscal year.

Retail Opportunity Investments Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.85%. The ex-dividend date of this dividend is Friday, June 14th. Retail Opportunity Investments’s payout ratio is 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.