abrdn plc raised its holdings in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC - Free Report) by 70.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 42,415 shares of the real estate investment trust's stock after purchasing an additional 17,603 shares during the period. abrdn plc's holdings in Retail Opportunity Investments were worth $736,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its stake in shares of Retail Opportunity Investments by 1,473.1% in the 3rd quarter. International Assets Investment Management LLC now owns 1,872 shares of the real estate investment trust's stock worth $29,000 after buying an additional 1,753 shares during the last quarter. Allworth Financial LP boosted its stake in shares of Retail Opportunity Investments by 4,320.3% in the 3rd quarter. Allworth Financial LP now owns 3,271 shares of the real estate investment trust's stock worth $51,000 after buying an additional 3,197 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of Retail Opportunity Investments by 117.8% in the 4th quarter. Versant Capital Management Inc now owns 3,572 shares of the real estate investment trust's stock worth $62,000 after buying an additional 1,932 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Retail Opportunity Investments by 35.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,947 shares of the real estate investment trust's stock worth $77,000 after buying an additional 1,289 shares during the last quarter. Finally, KBC Group NV boosted its stake in shares of Retail Opportunity Investments by 51.7% in the 4th quarter. KBC Group NV now owns 6,026 shares of the real estate investment trust's stock worth $105,000 after buying an additional 2,053 shares during the last quarter. 97.16% of the stock is currently owned by hedge funds and other institutional investors.
Retail Opportunity Investments Price Performance
NASDAQ:ROIC traded up $0.02 on Friday, reaching $17.51. 6,049,675 shares of the company's stock traded hands, compared to its average volume of 1,467,676. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 1.04. The stock has a 50-day simple moving average of $17.42 and a 200-day simple moving average of $16.48. The firm has a market cap of $2.26 billion, a PE ratio of 38.07 and a beta of 1.45. Retail Opportunity Investments Corp. has a 12 month low of $11.87 and a 12 month high of $17.52.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on ROIC. Robert W. Baird restated a "neutral" rating and issued a $17.50 price target (up from $16.00) on shares of Retail Opportunity Investments in a research note on Thursday, November 7th. BMO Capital Markets raised their target price on Retail Opportunity Investments from $17.00 to $17.50 and gave the stock a "market perform" rating in a report on Friday, November 8th. Bank of America initiated coverage on Retail Opportunity Investments in a report on Thursday, October 24th. They issued an "underperform" rating and a $14.00 target price on the stock. Baird R W cut Retail Opportunity Investments from a "strong-buy" rating to a "hold" rating in a report on Thursday, November 7th. Finally, StockNews.com initiated coverage on Retail Opportunity Investments in a report on Friday. 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, the stock has an average rating of "Hold" and a consensus target price of $16.20.
View Our Latest Report on Retail Opportunity Investments
Retail Opportunity Investments Profile
(
Free Report)
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.
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