Public Employees Retirement System of Ohio Grows Stock Holdings in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Public Employees Retirement System of Ohio lifted its position in Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 0.8% during the third quarter, Holdings Channel reports. The institutional investor owned 183,780 shares of the real estate investment trust’s stock after buying an additional 1,400 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Retail Opportunity Investments were worth $2,891,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Retail Opportunity Investments by 3.7% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,300,317 shares of the real estate investment trust’s stock worth $41,023,000 after purchasing an additional 118,766 shares in the last quarter. Stableford Capital II LLC raised its stake in Retail Opportunity Investments by 62.7% in the second quarter. Stableford Capital II LLC now owns 203,861 shares of the real estate investment trust’s stock valued at $2,746,000 after buying an additional 78,598 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in Retail Opportunity Investments by 2.7% in the second quarter. Louisiana State Employees Retirement System now owns 64,100 shares of the real estate investment trust’s stock worth $797,000 after acquiring an additional 1,700 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Retail Opportunity Investments by 1.1% during the second quarter. Bank of New York Mellon Corp now owns 1,306,866 shares of the real estate investment trust’s stock worth $16,244,000 after acquiring an additional 13,883 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Retail Opportunity Investments by 20.4% during the second 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 acquiring an additional 1,020,314 shares in the last quarter. Institutional investors own 97.16% of the company’s stock.

Retail Opportunity Investments Stock Up 0.2 %

Shares of ROIC opened at $17.47 on Tuesday. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 37.98 and a beta of 1.47. Retail Opportunity Investments Corp. has a 52 week low of $11.87 and a 52 week high of $17.52. The stock’s 50-day moving average price is $16.73 and its 200-day moving average price is $15.05. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 1.04.

Retail Opportunity Investments (NASDAQ:ROIC) last issued its quarterly earnings data on Tuesday, October 22nd. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). The firm had revenue of $83.50 million for the quarter, compared to analyst estimates of $82.13 million. Retail Opportunity Investments had a return on equity of 4.32% and a net margin of 17.38%. Retail Opportunity Investments’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.27 EPS. On average, sell-side analysts predict that Retail Opportunity Investments Corp. will post 1.04 EPS for the current year.

Retail Opportunity Investments Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Friday, December 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.43%. Retail Opportunity Investments’s dividend payout ratio (DPR) is currently 130.43%.

Analysts Set New Price Targets

A number of research firms recently commented on ROIC. Bank of America began coverage on shares of Retail Opportunity Investments in a research note on Thursday, October 24th. They issued an “underperform” rating and a $14.00 target price for the company. Baird R W lowered shares of Retail Opportunity Investments from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. BMO Capital Markets raised their target price on Retail Opportunity Investments from $17.00 to $17.50 and gave the stock a “market perform” rating in a research note on Friday, November 8th. StockNews.com began coverage on Retail Opportunity Investments in a research note on Thursday, December 12th. They set a “hold” rating on the stock. Finally, Raymond James cut Retail Opportunity Investments from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $16.17.

About Retail Opportunity Investments

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.