Schroder Investment Management Group Decreases Stock Position in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Schroder Investment Management Group cut its stake in Retail Opportunity Investments Corp. (NASDAQ:ROICFree Report) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,972,752 shares of the real estate investment trust’s stock after selling 45,642 shares during the period. Schroder Investment Management Group owned about 1.57% of Retail Opportunity Investments worth $27,678,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Centersquare Investment Management LLC lifted its holdings in Retail Opportunity Investments by 31.7% during the 4th quarter. Centersquare Investment Management LLC now owns 8,747,743 shares of the real estate investment trust’s stock worth $122,731,000 after buying an additional 2,105,436 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Retail Opportunity Investments by 158.3% during the 4th quarter. Principal Financial Group Inc. now owns 1,753,614 shares of the real estate investment trust’s stock worth $24,603,000 after buying an additional 1,074,741 shares during the last quarter. Lasalle Investment Management Securities LLC lifted its holdings in Retail Opportunity Investments by 43.7% during the 4th quarter. Lasalle Investment Management Securities LLC now owns 3,179,277 shares of the real estate investment trust’s stock worth $44,605,000 after buying an additional 966,860 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Retail Opportunity Investments by 45.5% during the 4th 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 buying an additional 884,914 shares during the last quarter. Finally, Norges Bank purchased a new stake in Retail Opportunity Investments during the 4th quarter worth about $11,328,000. 97.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ROIC has been the topic of a number of research analyst reports. Bank of America reiterated 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. StockNews.com upgraded Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. Finally, Wells Fargo & Company cut their target price on Retail Opportunity Investments from $14.00 to $13.50 and set an “equal weight” rating on the stock in a research report on Tuesday, May 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $14.38.

Check Out Our Latest Stock Report on Retail Opportunity Investments

Retail Opportunity Investments Stock Performance

Shares of ROIC stock opened at $12.43 on Tuesday. The stock has a market capitalization of $1.58 billion, a PE ratio of 41.43 and a beta of 1.44. Retail Opportunity Investments Corp. has a 52-week low of $10.98 and a 52-week high of $15.16. The stock’s 50-day moving average price is $12.39 and its 200 day moving average price is $13.03. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.01.

Retail Opportunity Investments Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Friday, June 14th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.83%. The ex-dividend date is Friday, June 14th. Retail Opportunity Investments’s dividend payout ratio (DPR) is presently 200.00%.

Retail Opportunity Investments Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Retail Opportunity Investments (NASDAQ:ROIC)

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