Proficio Capital Partners LLC Purchases New Position in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Proficio Capital Partners LLC purchased a new stake in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 22,742 shares of the real estate investment trust’s stock, valued at approximately $395,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in Retail Opportunity Investments by 8.9% during the fourth quarter. GAMMA Investing LLC now owns 10,183 shares of the real estate investment trust’s stock valued at $177,000 after buying an additional 832 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in Retail Opportunity Investments by 0.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 184,913 shares of the real estate investment trust’s stock valued at $3,208,000 after buying an additional 972 shares during the last quarter. Illinois Municipal Retirement Fund boosted its stake in Retail Opportunity Investments by 1.5% during the fourth quarter. Illinois Municipal Retirement Fund now owns 67,602 shares of the real estate investment trust’s stock valued at $1,174,000 after buying an additional 1,002 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in Retail Opportunity Investments by 0.8% during 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 buying an additional 1,400 shares during the last quarter. Finally, Foundations Investment Advisors LLC boosted its stake 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 valued at $240,000 after buying an additional 1,421 shares during the last quarter. 97.16% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Retail Opportunity Investments in a research note on Monday. They set a “hold” rating for the company. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat.com, Retail Opportunity Investments has a consensus rating of “Hold” and a consensus price target of $16.20.

Retail Opportunity Investments Price Performance

NASDAQ:ROIC opened at $17.51 on Tuesday. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 38.07 and a beta of 1.45. Retail Opportunity Investments Corp. has a 1 year low of $11.87 and a 1 year high of $17.52. The business has a 50 day simple moving average of $17.46 and a 200-day simple moving average of $16.74. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.92 and a quick ratio of 1.92.

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.