Quadrant Capital Group LLC Sells 5,095 Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Quadrant Capital Group LLC lowered its position in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 42.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,029 shares of the real estate investment trust’s stock after selling 5,095 shares during the period. Quadrant Capital Group LLC’s holdings in Retail Opportunity Investments were worth $99,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Lindbrook Capital LLC increased its position in Retail Opportunity Investments by 61.9% during the 4th quarter. Lindbrook Capital LLC now owns 2,514 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 961 shares during the period. abrdn plc raised its stake in Retail Opportunity Investments by 4.1% in the third quarter. abrdn plc now owns 24,899 shares of the real estate investment trust’s stock worth $308,000 after buying an additional 992 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in Retail Opportunity Investments by 10.6% during the third quarter. Sequoia Financial Advisors LLC now owns 14,176 shares of the real estate investment trust’s stock worth $175,000 after buying an additional 1,358 shares during the period. Daiwa Securities Group Inc. boosted its position in Retail Opportunity Investments by 3.8% during the 3rd quarter. Daiwa Securities Group Inc. now owns 40,240 shares of the real estate investment trust’s stock valued at $498,000 after acquiring an additional 1,477 shares in the last quarter. Finally, UniSuper Management Pty Ltd raised its position in shares of Retail Opportunity Investments by 4.4% in the 3rd quarter. UniSuper Management Pty Ltd now owns 35,400 shares of the real estate investment trust’s stock worth $438,000 after acquiring an additional 1,500 shares in the last quarter. 97.16% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ROIC has been the topic of several analyst reports. StockNews.com upgraded Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. Bank of America reissued 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 equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $14.75.

Retail Opportunity Investments Stock Down 1.1 %

NASDAQ:ROIC opened at $12.09 on Friday. The company’s 50 day moving average is $12.44 and its two-hundred day moving average is $13.00. The company has a market cap of $1.54 billion, a PE ratio of 40.30 and a beta of 1.41. Retail Opportunity Investments Corp. has a twelve month low of $10.98 and a twelve month high of $15.16. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.01.

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 given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.60 dividend on an annualized basis and a yield of 4.96%. Retail Opportunity Investments’s dividend payout ratio is currently 200.00%.

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.