Victory Capital Management Inc. Sells 4,334 Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Victory Capital Management Inc. reduced its stake in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 6.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 67,933 shares of the real estate investment trust’s stock after selling 4,334 shares during the quarter. Victory Capital Management Inc. owned about 0.05% of Retail Opportunity Investments worth $953,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in ROIC. Schroder Investment Management Group bought a new stake in Retail Opportunity Investments during the third quarter worth approximately $24,988,000. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Retail Opportunity Investments by 45.5% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,830,264 shares of the real estate investment trust’s stock worth $39,709,000 after acquiring an additional 884,914 shares during the last quarter. Federated Hermes Inc. increased its stake in Retail Opportunity Investments by 12.4% during the third quarter. Federated Hermes Inc. now owns 3,806,405 shares of the real estate investment trust’s stock worth $47,123,000 after acquiring an additional 420,358 shares during the last quarter. Qube Research & Technologies Ltd grew its stake in shares of Retail Opportunity Investments by 559.0% during the third quarter. Qube Research & Technologies Ltd now owns 189,585 shares of the real estate investment trust’s stock valued at $2,347,000 after buying an additional 160,818 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Retail Opportunity Investments during the third quarter valued at approximately $1,168,000. 97.16% of the stock is owned by institutional investors.

Retail Opportunity Investments Stock Down 0.2 %

Shares of NASDAQ ROIC opened at $12.44 on Wednesday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 41.47 and a beta of 1.41. The stock has a 50 day moving average price of $12.47 and a 200 day moving average price of $13.01. Retail Opportunity Investments Corp. has a 52-week low of $10.98 and a 52-week high of $15.16.

Retail Opportunity Investments Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Investors 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 dividend on an annualized basis and a dividend yield of 4.82%. Retail Opportunity Investments’s payout ratio is 200.00%.

Analysts Set New Price Targets

ROIC has been the topic of a number of analyst reports. Bank of America reaffirmed an “underperform” rating and set a $12.00 target price (down previously from $14.50) on shares of Retail Opportunity Investments in a research note on Friday, April 5th. StockNews.com raised 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 issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $14.75.

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.