Proficio Capital Partners LLC Invests $395,000 in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Proficio Capital Partners LLC acquired a new position in Retail Opportunity Investments Corp. (NASDAQ:ROIC) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 22,742 shares of the real estate investment trust’s stock, valued at approximately $395,000.

Several other institutional investors have also added to or reduced their stakes in ROIC. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Retail Opportunity Investments by 296.1% in the 3rd 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. Alberta Investment Management Corp bought a new position in Retail Opportunity Investments during the fourth quarter worth $10,416,000. New York Life Investment Management LLC acquired a new position in Retail Opportunity Investments in the fourth quarter valued at $6,389,000. Wolverine Asset Management LLC boosted its position in Retail Opportunity Investments by 171.1% during the fourth quarter. Wolverine Asset Management LLC now owns 262,585 shares of the real estate investment trust’s stock valued at $4,558,000 after acquiring an additional 165,712 shares during the last quarter. Finally, Barclays PLC grew its holdings in Retail Opportunity Investments by 316.7% during the 3rd quarter. Barclays PLC now owns 211,816 shares of the real estate investment trust’s stock worth $3,331,000 after acquiring an additional 160,981 shares during the period. 97.16% of the stock is currently owned by institutional investors.

Retail Opportunity Investments Price Performance

Shares of NASDAQ ROIC opened at $17.51 on Wednesday. The firm has a market capitalization of $2.26 billion, a P/E ratio of 38.07 and a beta of 1.45. The firm’s 50-day moving average price is $17.49 and its 200-day moving average price is $16.91. 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 1-year low of $11.87 and a 1-year high of $17.52.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Retail Opportunity Investments in a research note on Wednesday. They issued a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to 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.