Smartleaf Asset Management LLC Boosts Holdings in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Smartleaf Asset Management LLC increased its stake in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 188.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,270 shares of the real estate investment trust’s stock after buying an additional 3,440 shares during the period. Smartleaf Asset Management LLC’s holdings in Retail Opportunity Investments were worth $92,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC increased its holdings in 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 buying an additional 1,753 shares during the last quarter. Versant Capital Management Inc increased its stake in shares of Retail Opportunity Investments by 117.8% in the fourth quarter. Versant Capital Management Inc now owns 3,572 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 1,932 shares in the last quarter. KBC Group NV increased its stake in shares of Retail Opportunity Investments by 51.7% in the fourth quarter. KBC Group NV now owns 6,026 shares of the real estate investment trust’s stock worth $105,000 after purchasing an additional 2,053 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its stake in shares of Retail Opportunity Investments by 78.1% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 7,122 shares of the real estate investment trust’s stock worth $112,000 after purchasing an additional 3,124 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake 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 worth $177,000 after purchasing an additional 832 shares in the last quarter. Hedge funds and other institutional investors own 97.16% of the company’s stock.

Retail Opportunity Investments Price Performance

ROIC stock opened at $17.51 on Friday. The firm has a 50 day moving average of $17.46 and a 200-day moving average of $16.72. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 1.04. Retail Opportunity Investments Corp. has a 12 month low of $11.87 and a 12 month high of $17.52. The firm has a market capitalization of $2.26 billion, a P/E ratio of 38.07 and a beta of 1.45.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Retail Opportunity Investments in a research note on Sunday, March 2nd. They issued a “hold” rating for the company. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $16.20.

Retail Opportunity Investments Company 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.