Retail Opportunity Investments Corp. (NASDAQ:ROIC) Holdings Decreased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D decreased its holdings in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 51.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 319,775 shares of the real estate investment trust’s stock after selling 338,091 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Retail Opportunity Investments were worth $5,551,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of ROIC. Creative Planning grew its holdings in shares of Retail Opportunity Investments by 6.7% during the third quarter. Creative Planning now owns 18,988 shares of the real estate investment trust’s stock valued at $299,000 after buying an additional 1,194 shares in the last quarter. Blue Trust Inc. grew its stake in Retail Opportunity Investments by 694.3% in the third quarter. Blue Trust Inc. now owns 10,445 shares of the real estate investment trust’s stock valued at $164,000 after purchasing an additional 9,130 shares in the last quarter. Foundations Investment Advisors LLC purchased a new position in Retail Opportunity Investments in the third quarter valued at about $195,000. International Assets Investment Management LLC grew its stake in Retail Opportunity Investments by 1,473.1% in the third quarter. International Assets Investment Management LLC now owns 1,872 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 1,753 shares in the last quarter. Finally, Allworth Financial LP grew its stake in Retail Opportunity Investments by 4,320.3% in the third quarter. Allworth Financial LP now owns 3,271 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 3,197 shares in the last quarter. Hedge funds and other institutional investors own 97.16% of the company’s stock.

Retail Opportunity Investments Price Performance

NASDAQ ROIC opened at $17.51 on Wednesday. Retail Opportunity Investments Corp. has a twelve month low of $11.87 and a twelve month high of $17.52. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.92 and a current ratio of 1.92. The stock has a market capitalization of $2.26 billion, a PE ratio of 38.07 and a beta of 1.45. The stock has a 50-day simple moving average of $17.43 and a 200 day simple moving average of $16.51.

Analyst Ratings Changes

ROIC has been the topic of a number of recent research reports. KeyCorp downgraded Retail Opportunity Investments from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, November 5th. Bank of America initiated coverage on Retail Opportunity Investments in a research note on Thursday, October 24th. They issued an “underperform” rating and a $14.00 target price on the stock. Raymond James downgraded Retail Opportunity Investments from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 30th. BMO Capital Markets boosted their price target on Retail Opportunity Investments from $17.00 to $17.50 and gave the stock a “market perform” rating in a research report on Friday, November 8th. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $17.50 price target (up previously from $16.00) on shares of Retail Opportunity Investments in a research report on Thursday, November 7th. One 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 a consensus rating of “Hold” and a consensus price target of $16.20.

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.