Retail Opportunity Investments Corp. (NASDAQ:ROIC) Shares Acquired by Van ECK Associates Corp

Van ECK Associates Corp lifted its position in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 10.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 23,477 shares of the real estate investment trust’s stock after purchasing an additional 2,175 shares during the quarter. Van ECK Associates Corp’s holdings in Retail Opportunity Investments were worth $408,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC lifted its stake in shares of Retail Opportunity Investments by 1,473.1% during the third 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. Allworth Financial LP grew its stake in shares of Retail Opportunity Investments by 4,320.3% during the third quarter. Allworth Financial LP now owns 3,271 shares of the real estate investment trust’s stock valued at $51,000 after acquiring an additional 3,197 shares in the last quarter. Versant Capital Management Inc grew its stake in Retail Opportunity Investments by 117.8% during the 4th quarter. Versant Capital Management Inc now owns 3,572 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 1,932 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Retail Opportunity Investments by 35.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,947 shares of the real estate investment trust’s stock worth $77,000 after buying an additional 1,289 shares in the last quarter. Finally, KBC Group NV grew its holdings in Retail Opportunity Investments by 51.7% during the 4th quarter. KBC Group NV now owns 6,026 shares of the real estate investment trust’s stock worth $105,000 after acquiring an additional 2,053 shares in the last quarter. Hedge funds and other institutional investors own 97.16% of the company’s stock.

Analyst Upgrades and Downgrades

ROIC has been the subject of a number of research analyst reports. Raymond James downgraded Retail Opportunity Investments from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 30th. Robert W. Baird reiterated a “neutral” rating and issued a $17.50 price target (up from $16.00) on shares of Retail Opportunity Investments in a report on Thursday, November 7th. KeyCorp downgraded Retail Opportunity Investments from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, November 5th. BMO Capital Markets upped their price objective on Retail Opportunity Investments from $17.00 to $17.50 and gave the stock a “market perform” rating in a research note on Friday, November 8th. Finally, Baird R W downgraded Retail Opportunity Investments from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat.com, Retail Opportunity Investments presently has an average rating of “Hold” and an average target price of $16.20.

Retail Opportunity Investments Trading Up 0.1 %

Shares of NASDAQ ROIC opened at $17.51 on Friday. Retail Opportunity Investments Corp. has a 12 month low of $11.87 and a 12 month high of $17.52. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 38.07 and a beta of 1.45. 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 business has a fifty day simple moving average of $17.43 and a 200-day simple moving average of $16.57.

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.