Asset Management One Co. Ltd. Raises Stock Holdings in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Asset Management One Co. Ltd. boosted its holdings in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 0.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 184,913 shares of the real estate investment trust’s stock after purchasing an additional 972 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.14% of Retail Opportunity Investments worth $3,208,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ROIC. GAMMA Investing LLC lifted its position in shares of Retail Opportunity Investments by 8.9% in the fourth quarter. GAMMA Investing LLC now owns 10,183 shares of the real estate investment trust’s stock valued at $177,000 after acquiring an additional 832 shares in the last quarter. Creative Planning lifted 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Retail Opportunity Investments by 35.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,947 shares of the real estate investment trust’s stock valued at $77,000 after acquiring an additional 1,289 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position 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. Finally, Foundations Investment Advisors LLC lifted its position in shares of Retail Opportunity Investments by 11.5% in the fourth quarter. Foundations Investment Advisors LLC now owns 13,820 shares of the real estate investment trust’s stock valued at $240,000 after acquiring an additional 1,421 shares in the last quarter. Hedge funds and other institutional investors own 97.16% of the company’s stock.

Retail Opportunity Investments Price Performance

NASDAQ:ROIC opened at $17.51 on Thursday. Retail Opportunity Investments Corp. has a one year low of $11.87 and a one year high of $17.52. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.92 and a current ratio of 1.92. The stock has a market cap of $2.26 billion, a PE ratio of 38.07 and a beta of 1.45. The stock has a 50 day moving average price of $17.43 and a 200 day moving average price of $16.53.

Wall Street Analysts Forecast Growth

ROIC has been the topic of several research reports. KeyCorp downgraded Retail Opportunity Investments from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, November 5th. Raymond James downgraded Retail Opportunity Investments from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 30th. BMO Capital Markets raised their target price on Retail Opportunity Investments from $17.00 to $17.50 and gave the company a “market perform” rating in a research report on Friday, November 8th. Bank of America started coverage on Retail Opportunity Investments in a report on Thursday, October 24th. They issued an “underperform” rating and a $14.00 price target for the company. Finally, Baird R W cut Retail Opportunity Investments from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company currently 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.