Retail Opportunity Investments Corp. (NASDAQ:ROIC) Shares Bought by Blue Trust Inc.

Blue Trust Inc. raised its stake in Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 19.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,515 shares of the real estate investment trust’s stock after purchasing an additional 2,070 shares during the quarter. Blue Trust Inc.’s holdings in Retail Opportunity Investments were worth $217,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Retail Opportunity Investments by 296.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 952,252 shares of the real estate investment trust’s stock valued at $14,979,000 after purchasing an additional 711,835 shares in the last quarter. Strategy Asset Managers LLC boosted its stake in shares of Retail Opportunity Investments by 57.7% in the third quarter. Strategy Asset Managers LLC now owns 876,179 shares of the real estate investment trust’s stock valued at $13,782,000 after buying an additional 320,520 shares in the last quarter. Easterly Investment Partners LLC acquired a new position in Retail Opportunity Investments during the third quarter worth $4,556,000. Barclays PLC raised its position in Retail Opportunity Investments by 316.7% in the third quarter. Barclays PLC now owns 211,816 shares of the real estate investment trust’s stock worth $3,331,000 after acquiring an additional 160,981 shares in the last quarter. Finally, Citigroup Inc. lifted its holdings in Retail Opportunity Investments by 73.9% in the third quarter. Citigroup Inc. now owns 238,315 shares of the real estate investment trust’s stock valued at $3,749,000 after acquiring an additional 101,275 shares during the period. Institutional investors and hedge funds own 97.16% of the company’s stock.

Retail Opportunity Investments Stock Down 0.1 %

ROIC stock opened at $17.46 on Tuesday. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 1.04. The firm has a 50 day simple moving average of $17.41 and a 200-day simple moving average of $16.25. The company has a market capitalization of $2.25 billion, a P/E ratio of 37.96 and a beta of 1.46. Retail Opportunity Investments Corp. has a twelve month low of $11.87 and a twelve month high of $17.52.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on ROIC shares. Bank of America began coverage on Retail Opportunity Investments in a report on Thursday, October 24th. They issued an “underperform” rating and a $14.00 price target on the stock. BMO Capital Markets upped their target price on Retail Opportunity Investments from $17.00 to $17.50 and gave the company a “market perform” rating in a report on Friday, November 8th. Raymond James lowered shares of Retail Opportunity Investments from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 30th. StockNews.com started coverage on shares of Retail Opportunity Investments in a research note on Wednesday, January 29th. They issued a “hold” rating on the stock. Finally, KeyCorp cut shares of Retail Opportunity Investments from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $16.20.

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.