Retail Opportunity Investments Corp. (NASDAQ:ROIC) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its holdings in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 71.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,723 shares of the real estate investment trust’s stock after selling 59,599 shares during the period. Victory Capital Management Inc.’s holdings in Retail Opportunity Investments were worth $412,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Principal Financial Group Inc. raised its holdings in shares of Retail Opportunity Investments by 1.3% during the third quarter. Principal Financial Group Inc. now owns 6,107,593 shares of the real estate investment trust’s stock worth $96,072,000 after purchasing 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 worth $51,776,000 after purchasing an additional 24,421 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Retail Opportunity Investments by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,379,547 shares of the real estate investment trust’s stock worth $41,309,000 after purchasing an additional 32,429 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 worth $14,979,000 after purchasing an additional 711,835 shares during the period. Finally, Alberta Investment Management Corp acquired a new stake in shares of Retail Opportunity Investments during the fourth quarter worth $10,416,000. 97.16% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Retail Opportunity Investments in a report on Tuesday, March 18th. They set a “hold” rating on the stock. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $16.20.

Retail Opportunity Investments Stock Up 0.1 %

Retail Opportunity Investments stock opened at $17.51 on Friday. The company has a 50-day simple moving average of $17.48 and a 200-day simple moving average of $16.88. The firm has a market capitalization of $2.26 billion, a P/E ratio of 38.07 and a beta of 1.45. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.92 and a current ratio of 1.92. Retail Opportunity Investments Corp. has a one year low of $11.87 and a one year high of $17.52.

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.