Vanguard Group Increases Position in Retail Opportunity Investments (ROIC)

Fintel reports that Vanguard Group has filed a 13G/A form with the SEC disclosing ownership of 20.17MM shares of Retail Opportunity Investments Corp ( ROIC ). This represents 16.2% of the company. In their previous filing dated February 10, 2022 they reported 18.94MM shares and 15.60% of the company, an increase in shares of 6.50% and an increase in total ownership of 0.60% (calculated as current – previous percent ownership). Analyst Price Forecast Suggests 10.59% Upside As of February 9, 2023, the average one-year price target for Retail Opportunity Investments is $16.98. The forecasts range from a low of $15.15 to a high of $18.90. The average price target represents an increase of 10.59% from its latest reported closing price of $15.35. The projected annual revenue for Retail Opportunity Investments is $324MM, an increase of 6.17%. The projected annual EPS is $0.33, a decrease of 19.51%. What is the Fund Sentiment? There are 512 funds or institutions reporting positions in Retail Opportunity Investments. This is a decrease of 24 owner(s) or 4.48% in the last quarter. Average portfolio weight of all funds dedicated to ROIC is 0.18%, a decrease of 9.59%. Total shares owned by institutions decreased in the […]

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