Truist Financial Corp lowered its holdings in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC – Free Report) by 4.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 78,792 shares of the real estate investment trust’s stock after selling 3,911 shares during the quarter. Truist Financial Corp’s holdings in Retail Opportunity Investments were worth $1,105,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the business. Schroder Investment Management Group acquired a new stake in shares of Retail Opportunity Investments in the third quarter worth approximately $24,988,000. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Retail Opportunity Investments by 45.5% in 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. boosted its stake in shares of Retail Opportunity Investments by 12.4% in 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 boosted its stake in shares of Retail Opportunity Investments by 559.0% in the third quarter. Qube Research & Technologies Ltd now owns 189,585 shares of the real estate investment trust’s stock worth $2,347,000 after acquiring an additional 160,818 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Retail Opportunity Investments in the third quarter worth approximately $1,168,000. Hedge funds and other institutional investors own 97.16% of the company’s stock.
Retail Opportunity Investments Stock Performance
NASDAQ ROIC opened at $12.44 on Monday. Retail Opportunity Investments Corp. has a fifty-two week low of $10.98 and a fifty-two week high of $15.16. 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 P/E ratio of 41.47 and a beta of 1.41. The stock’s fifty day moving average is $12.53 and its two-hundred day moving average is $12.98.
Retail Opportunity Investments (NASDAQ:ROIC – Get Free Report) last posted its earnings results on Thursday, February 15th. The real estate investment trust reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.21). Retail Opportunity Investments had a net margin of 11.21% and a return on equity of 2.75%. The business had revenue of $84.60 million during the quarter, compared to analysts’ expectations of $81.09 million. During the same quarter in the prior year, the firm earned $0.27 EPS. Retail Opportunity Investments’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, research analysts anticipate that Retail Opportunity Investments Corp. will post 1.05 earnings per share for the current year.
Retail Opportunity Investments Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Friday, June 14th will be given a $0.15 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.60 dividend on an annualized basis and a yield of 4.82%. Retail Opportunity Investments’s dividend payout ratio is currently 200.00%.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on the company. StockNews.com raised 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 price objective (down previously from $14.50) on shares of Retail Opportunity Investments in a research note on Friday, April 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $14.75.
Check Out Our Latest Report on Retail Opportunity Investments
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.
See Also
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Source: defenseworld.net
