Charles Schwab Investment Management Inc. Purchases 32,429 Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Charles Schwab Investment Management Inc. lifted its holdings in Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,379,547 shares of the real estate investment trust’s stock after acquiring an additional 32,429 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.85% of Retail Opportunity Investments worth $41,309,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Principal Financial Group Inc. lifted its position in shares of Retail Opportunity Investments by 1.3% during the 3rd quarter. Principal Financial Group Inc. now owns 6,107,593 shares of the real estate investment trust’s stock valued at $96,072,000 after acquiring an additional 75,803 shares during the period. Geode Capital Management LLC raised its holdings in shares of Retail Opportunity Investments by 0.7% during the third quarter. Geode Capital Management LLC now owns 3,290,973 shares of the real estate investment trust’s stock valued at $51,776,000 after purchasing an additional 24,421 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Retail Opportunity Investments by 296.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 952,252 shares of the real estate investment trust’s stock valued at $14,979,000 after purchasing an additional 711,835 shares during the period. Strategy Asset Managers LLC boosted its position in shares of Retail Opportunity Investments by 57.7% during the 3rd quarter. Strategy Asset Managers LLC now owns 876,179 shares of the real estate investment trust’s stock worth $13,782,000 after purchasing an additional 320,520 shares in the last quarter. Finally, Alberta Investment Management Corp acquired a new stake in shares of Retail Opportunity Investments in the 4th quarter valued at about $10,416,000. 97.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Retail Opportunity Investments in a report on Monday, March 10th. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $16.20.

Retail Opportunity Investments Trading Up 0.1 %

NASDAQ:ROIC opened at $17.51 on Friday. Retail Opportunity Investments Corp. has a one year low of $11.87 and a one year high of $17.52. The company has a market cap of $2.26 billion, a PE ratio of 38.07 and a beta of 1.45. 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 firm has a 50-day moving average of $17.47 and a 200-day moving average of $16.80.

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.