Allworth Financial LP Sells 1,565 Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Allworth Financial LP decreased its stake in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 47.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,706 shares of the real estate investment trust’s stock after selling 1,565 shares during the period. Allworth Financial LP’s holdings in Retail Opportunity Investments were worth $30,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its position in Retail Opportunity Investments by 1,473.1% during 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 buying an additional 1,753 shares in the last quarter. Versant Capital Management Inc lifted its position 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 worth $62,000 after buying an additional 1,932 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Retail Opportunity Investments by 35.2% during the 3rd 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. KBC Group NV lifted its position 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 buying an additional 2,053 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. lifted its position in Retail Opportunity Investments by 78.1% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 7,122 shares of the real estate investment trust’s stock worth $112,000 after buying an additional 3,124 shares in the last quarter. Institutional investors and hedge funds own 97.16% of the company’s stock.

Retail Opportunity Investments Stock Performance

Shares of ROIC stock opened at $17.51 on Thursday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.92 and a quick 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 of $17.43 and a 200-day moving average of $16.62. Retail Opportunity Investments Corp. has a one year low of $11.87 and a one year high of $17.52.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ROIC. Robert W. Baird reiterated a “neutral” rating and set a $17.50 price target (up previously from $16.00) on shares of Retail Opportunity Investments in a research report on Thursday, November 7th. Baird R W downgraded shares of Retail Opportunity Investments from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. BMO Capital Markets upped their target price on shares of 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. Raymond James downgraded shares of Retail Opportunity Investments from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 30th. Finally, StockNews.com began coverage on shares of Retail Opportunity Investments in a research report on Saturday, February 22nd. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $16.20.

About Retail Opportunity Investments

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.