Vanderbilt University Makes New $164,000 Investment in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Vanderbilt University purchased a new position in Retail Opportunity Investments Corp. (NASDAQ:ROICFree Report) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 11,679 shares of the real estate investment trust’s stock, valued at approximately $164,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ROIC. Bank of New York Mellon Corp boosted its stake in shares of Retail Opportunity Investments by 0.9% during the 1st quarter. Bank of New York Mellon Corp now owns 1,719,813 shares of the real estate investment trust’s stock valued at $33,347,000 after buying an additional 15,741 shares during the last quarter. MetLife Investment Management LLC boosted its stake in shares of Retail Opportunity Investments by 53.7% during the 1st quarter. MetLife Investment Management LLC now owns 64,279 shares of the real estate investment trust’s stock valued at $1,246,000 after buying an additional 22,459 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Retail Opportunity Investments by 4.2% during the 1st quarter. Rhumbline Advisers now owns 362,689 shares of the real estate investment trust’s stock valued at $7,033,000 after buying an additional 14,577 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Retail Opportunity Investments by 14.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 104,679 shares of the real estate investment trust’s stock valued at $2,030,000 after buying an additional 12,906 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its stake in shares of Retail Opportunity Investments by 1.0% during the 1st quarter. Great West Life Assurance Co. Can now owns 202,270 shares of the real estate investment trust’s stock valued at $4,043,000 after buying an additional 2,020 shares during the last quarter. Hedge funds and other institutional investors own 97.16% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on ROIC shares. StockNews.com upgraded Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. KeyCorp upgraded Retail Opportunity Investments from a “sector weight” rating to an “overweight” rating and set a $16.00 price objective on the stock in a research note on Friday, January 5th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Retail Opportunity Investments has an average rating of “Hold” and a consensus target price of $15.00.

View Our Latest Analysis on Retail Opportunity Investments

Retail Opportunity Investments Stock Performance

NASDAQ ROIC traded up $0.04 during trading hours on Wednesday, hitting $12.38. The company had a trading volume of 133,241 shares, compared to its average volume of 1,210,835. 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 quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.01. The business has a fifty day simple moving average of $13.06 and a 200-day simple moving average of $12.94. The firm has a market cap of $1.58 billion, a P/E ratio of 45.71, a price-to-earnings-growth ratio of 6.42 and a beta of 1.42.

Retail Opportunity Investments (NASDAQ:ROICGet Free Report) last issued its earnings results on Thursday, February 15th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.21). Retail Opportunity Investments had a return on equity of 2.53% and a net margin of 10.54%. The company had revenue of $84.60 million during the quarter, compared to analyst estimates of $81.09 million. During the same period in the prior year, the business earned $0.27 earnings per share. Retail Opportunity Investments’s quarterly revenue was up 5.5% on a year-over-year basis. Equities analysts predict that Retail Opportunity Investments Corp. will post 1.05 EPS for the current year.

Retail Opportunity Investments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 5th. Shareholders of record on Friday, March 15th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.85%. The ex-dividend date is Thursday, March 14th. Retail Opportunity Investments’s dividend payout ratio is presently 222.23%.

Retail Opportunity Investments 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.

Further Reading

Want to see what other hedge funds are holding ROIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Retail Opportunity Investments Corp. (NASDAQ:ROICFree Report).

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

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