Federated Hermes Inc. Has $59.15 Million Stock Position in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Federated Hermes Inc. lifted its position in Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 10.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,216,242 shares of the real estate investment trust’s stock after buying an additional 409,837 shares during the quarter. Federated Hermes Inc.’s holdings in Retail Opportunity Investments were worth $59,154,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Clear Street Markets LLC acquired a new stake in shares of Retail Opportunity Investments in the third quarter worth $29,000. Tower Research Capital LLC TRC lifted its stake in shares of Retail Opportunity Investments by 189.7% in the first quarter. Tower Research Capital LLC TRC now owns 2,497 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 1,635 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Retail Opportunity Investments in the fourth quarter worth $92,000. UBS Group AG lifted its stake in shares of Retail Opportunity Investments by 116.3% in the fourth quarter. UBS Group AG now owns 6,294 shares of the real estate investment trust’s stock worth $95,000 after buying an additional 44,883 shares during the last quarter. Finally, Evergreen Capital Management LLC acquired a new position in Retail Opportunity Investments during the 3rd quarter valued at $126,000. 97.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. StockNews.com upgraded shares of Retail Opportunity Investments from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. KeyCorp upgraded shares of Retail Opportunity Investments from a “sector weight” rating to an “overweight” rating and set a $16.00 target price for the company in a research note on Friday, January 5th. Finally, Bank of America reiterated an “underperform” rating and set a $12.00 target price (down from $14.50) on shares of Retail Opportunity Investments in a research note on Friday, April 5th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to MarketBeat, Retail Opportunity Investments has a consensus rating of “Hold” and a consensus target price of $14.75.

Retail Opportunity Investments Price Performance

NASDAQ:ROIC opened at $12.28 on Friday. Retail Opportunity Investments Corp. has a one year low of $10.98 and a one year high of $15.16. The stock has a market cap of $1.57 billion, a P/E ratio of 45.48 and a beta of 1.42. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.38 and a quick ratio of 1.38. The company has a fifty day moving average price of $12.69 and a 200 day moving average price of $12.90.

Retail Opportunity Investments (NASDAQ:ROIC) last announced its quarterly earnings data on Thursday, February 15th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.21). Retail Opportunity Investments had a net margin of 10.54% and a return on equity of 2.53%. The business had revenue of $84.60 million during the quarter, compared to analyst estimates of $81.09 million. During the same quarter in the prior year, the company posted $0.27 EPS. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. Analysts anticipate that Retail Opportunity Investments Corp. will post 1.04 earnings per share for the current year.

Retail Opportunity Investments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date was Thursday, March 14th. Retail Opportunity Investments’s dividend payout ratio is 222.23%.

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.