Mirae Asset Global Investments Co. Ltd. Has $62,000 Position in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Mirae Asset Global Investments Co. Ltd. lessened its stake in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 28.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,557 shares of the real estate investment trust’s stock after selling 1,390 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Retail Opportunity Investments were worth $62,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of ROIC. GAMMA Investing LLC lifted its holdings in Retail Opportunity Investments by 8.9% during the 4th quarter. GAMMA Investing LLC now owns 10,183 shares of the real estate investment trust’s stock worth $177,000 after purchasing an additional 832 shares during the last quarter. Creative Planning boosted its position in shares of Retail Opportunity Investments by 6.7% in the third quarter. Creative Planning now owns 18,988 shares of the real estate investment trust’s stock valued at $299,000 after acquiring an additional 1,194 shares during the period. Public Employees Retirement System of Ohio grew its stake in shares of Retail Opportunity Investments by 0.8% in the third quarter. Public Employees Retirement System of Ohio now owns 183,780 shares of the real estate investment trust’s stock valued at $2,891,000 after acquiring an additional 1,400 shares in the last quarter. Foundations Investment Advisors LLC increased its position in Retail Opportunity Investments by 11.5% during the fourth quarter. Foundations Investment Advisors LLC now owns 13,820 shares of the real estate investment trust’s stock worth $240,000 after acquiring an additional 1,421 shares during the period. Finally, International Assets Investment Management LLC raised its stake in Retail Opportunity Investments by 1,473.1% in the 3rd quarter. International Assets Investment Management LLC now owns 1,872 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 1,753 shares in the last quarter. Institutional investors own 97.16% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. StockNews.com began coverage on shares of Retail Opportunity Investments in a research report on Friday. They set a “hold” rating on the stock. Raymond James lowered Retail Opportunity Investments from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 30th. KeyCorp downgraded Retail Opportunity Investments from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, November 5th. Baird R W cut Retail Opportunity Investments from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $17.50 price objective (up from $16.00) on shares of Retail Opportunity Investments in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $16.20.

Retail Opportunity Investments Stock Performance

Retail Opportunity Investments stock opened at $17.51 on Friday. The business’s 50-day moving average price is $17.42 and its two-hundred day moving average price is $16.48. Retail Opportunity Investments Corp. has a 12-month low of $11.87 and a 12-month high of $17.52. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 1.04. The stock has a market cap of $2.26 billion, a PE ratio of 38.07 and a beta of 1.45.

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.