Retail Opportunity Investments Corp. (NASDAQ:ROIC) Shares Sold by Cbre Investment Management Listed Real Assets LLC

Cbre Investment Management Listed Real Assets LLC trimmed its holdings in Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 64.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 581,300 shares of the real estate investment trust’s stock after selling 1,071,577 shares during the period. Cbre Investment Management Listed Real Assets LLC’s holdings in Retail Opportunity Investments were worth $10,091,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in ROIC. Principal Financial Group Inc. raised 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 in the last quarter. Geode Capital Management LLC increased its position in Retail Opportunity Investments by 0.7% in 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 buying an additional 24,421 shares during the period. Charles Schwab Investment Management Inc. increased its position in Retail Opportunity Investments by 1.4% in 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 buying an additional 32,429 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Retail Opportunity Investments by 296.1% in 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 buying an additional 711,835 shares during the period. Finally, Strategy Asset Managers LLC increased its position in Retail Opportunity Investments by 57.7% in the third quarter. Strategy Asset Managers LLC now owns 876,179 shares of the real estate investment trust’s stock worth $13,782,000 after buying an additional 320,520 shares during the period. 97.16% of the stock is owned by institutional investors and hedge funds.

Retail Opportunity Investments Stock Up 0.1 %

ROIC opened at $17.51 on Wednesday. Retail Opportunity Investments Corp. has a fifty-two week low of $11.87 and a fifty-two week high of $17.52. The business has a 50-day moving average of $17.44 and a 200-day moving average of $16.68. 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 company has a market capitalization of $2.26 billion, a PE ratio of 38.07 and a beta of 1.45.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ROIC. KeyCorp lowered Retail Opportunity Investments from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, November 5th. BMO Capital Markets increased their price target on Retail Opportunity Investments from $17.00 to $17.50 and gave the stock a “market perform” rating in a research note on Friday, November 8th. Baird R W cut Retail Opportunity Investments from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Robert W. Baird reissued a “neutral” rating and issued a $17.50 price target (up previously from $16.00) on shares of Retail Opportunity Investments in a research note on Thursday, November 7th. Finally, StockNews.com started coverage on Retail Opportunity Investments in a research note on Sunday. They issued a “hold” rating for the company. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price 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.