Retail Opportunity Investments Corp. (NASDAQ:ROIC) Short Interest Update

Retail Opportunity Investments Corp. (NASDAQ:ROIC) was the target of a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 2,670,000 shares, a growth of 19.7% from the May 15th total of 2,230,000 shares. Based on an average trading volume of 913,300 shares, the days-to-cover ratio is presently 2.9 days.

Analysts Set New Price Targets

ROIC has been the topic of a number of research analyst reports. Bank of America restated an “underperform” rating and issued a $12.00 target price (down from $14.50) on shares of Retail Opportunity Investments in a research note on Friday, April 5th. Wells Fargo & Company decreased 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 note on Tuesday, May 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $14.38.

Retail Opportunity Investments Trading Down 0.2 %

ROIC traded down $0.03 on Friday, hitting $12.31. 693,642 shares of the company were exchanged, compared to its average volume of 742,941. The firm has a fifty day simple moving average of $12.39 and a two-hundred day simple moving average of $13.02. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.07 and a current ratio of 1.07. Retail Opportunity Investments has a 12 month low of $10.98 and a 12 month high of $15.16. The stock has a market capitalization of $1.57 billion, a PE ratio of 41.03 and a beta of 1.43.

Retail Opportunity Investments Announces Dividend

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 dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.60 annualized dividend and a yield of 4.87%. Retail Opportunity Investments’s payout ratio is 200.00%.

Institutional Investors Weigh In On Retail Opportunity Investments

Institutional investors and hedge funds have recently bought and sold shares of the business. Clear Street Markets LLC bought a new position in Retail Opportunity Investments during the 3rd quarter valued at approximately $29,000. 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 buying an additional 961 shares in the last quarter. EntryPoint Capital LLC increased its position in Retail Opportunity Investments by 155.8% during the 1st quarter. EntryPoint Capital LLC now owns 8,717 shares of the real estate investment trust’s stock valued at $112,000 after buying an additional 5,309 shares in the last quarter. GAMMA Investing LLC bought a new position in Retail Opportunity Investments during the 4th quarter valued at approximately $125,000. Finally, Evergreen Capital Management LLC bought a new position in Retail Opportunity Investments during the 3rd quarter valued at approximately $126,000. Hedge funds and other institutional investors own 97.16% of the company’s stock.

About Retail Opportunity Investments

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.