Entropy Technologies LP Makes New Investment in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Entropy Technologies LP bought a new position in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 26,670 shares of the real estate investment trust's stock, valued at approximately $463,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ROIC. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings 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 valued at $14,979,000 after purchasing an additional 711,835 shares during the period. Strategy Asset Managers LLC grew its holdings 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 valued at $13,782,000 after purchasing an additional 320,520 shares during the period. Easterly Investment Partners LLC acquired a new stake in Retail Opportunity Investments in the third quarter valued at approximately $4,556,000. Barclays PLC grew its holdings in Retail Opportunity Investments by 316.7% in the third quarter. Barclays PLC now owns 211,816 shares of the real estate investment trust's stock valued at $3,331,000 after purchasing an additional 160,981 shares during the period. Finally, Citigroup Inc. boosted its stake in shares of Retail Opportunity Investments by 73.9% in the third quarter. Citigroup Inc. now owns 238,315 shares of the real estate investment trust's stock worth $3,749,000 after acquiring an additional 101,275 shares during the last quarter. 97.16% of the stock is owned by institutional investors and hedge funds.

Retail Opportunity Investments Trading Up 0.1 %

Shares of ROIC traded up $0.02 during mid-day trading on Friday, reaching $17.51. The stock had a trading volume of 6,049,675 shares, compared to its average volume of 1,467,676. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.92 and a quick ratio of 1.92. Retail Opportunity Investments Corp. has a 52-week low of $11.87 and a 52-week high of $17.52. The business's fifty day moving average is $17.42 and its 200 day moving average is $16.49. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 38.07 and a beta of 1.45.

Analyst Ratings Changes

A number of analysts have recently issued reports on ROIC shares. StockNews.com started coverage on Retail Opportunity Investments in a research note on Friday. They issued a "hold" rating on the stock. Robert W. Baird reaffirmed 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. Raymond James lowered Retail Opportunity Investments from an "outperform" rating to a "market perform" rating in a research note on Wednesday, October 30th. BMO Capital Markets lifted 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. Finally, Bank of America started coverage on Retail Opportunity Investments in a research note on Thursday, October 24th. They issued an "underperform" rating and a $14.00 price target on the stock. One equities research 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, Retail Opportunity Investments presently has a consensus rating of "Hold" and an average 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.