Sumitomo Mitsui Trust Group Inc. Has $2.38 Million Stock Holdings in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Sumitomo Mitsui Trust Group Inc. reduced its position in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC - Free Report) by 90.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 136,878 shares of the real estate investment trust's stock after selling 1,367,407 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.11% of Retail Opportunity Investments worth $2,376,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC boosted its holdings in Retail Opportunity Investments by 1,473.1% during the third 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 in the last quarter. Allworth Financial LP raised its position in shares of 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 buying an additional 3,197 shares during the last quarter. Versant Capital Management Inc raised its position in shares of Retail Opportunity Investments by 117.8% in the fourth quarter. Versant Capital Management Inc now owns 3,572 shares of the real estate investment trust's stock valued at $62,000 after buying an additional 1,932 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Retail Opportunity Investments by 35.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,947 shares of the real estate investment trust's stock worth $77,000 after purchasing an additional 1,289 shares during the last quarter. Finally, KBC Group NV increased its position in Retail Opportunity Investments by 51.7% during the fourth quarter. KBC Group NV now owns 6,026 shares of the real estate investment trust's stock worth $105,000 after purchasing an additional 2,053 shares during the last quarter. 97.16% of the stock is owned by hedge funds and other institutional investors.

Retail Opportunity Investments Price Performance

Retail Opportunity Investments stock traded up $0.02 during trading hours on Monday, hitting $17.51. 6,049,675 shares of the company traded hands, compared to its average volume of 1,467,676. The firm has a market cap of $2.26 billion, a P/E ratio of 38.07 and a beta of 1.45. 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 firm's 50-day simple moving average is $17.43 and its two-hundred day simple moving average is $16.51. Retail Opportunity Investments Corp. has a 1-year low of $11.87 and a 1-year high of $17.52.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ROIC shares. Baird R W lowered shares of Retail Opportunity Investments from a "strong-buy" rating to a "hold" rating in a research report on Thursday, November 7th. BMO Capital Markets upped their target price on shares of Retail Opportunity Investments from $17.00 to $17.50 and gave the company a "market perform" rating in a research note on Friday, November 8th. KeyCorp downgraded shares of Retail Opportunity Investments from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, November 5th. Robert W. Baird restated a "neutral" rating and issued a $17.50 target price (up from $16.00) on shares of Retail Opportunity Investments in a research note on Thursday, November 7th. Finally, Bank of America started coverage on shares of Retail Opportunity Investments in a research note on Thursday, October 24th. They issued an "underperform" rating and a $14.00 target price for the company. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus 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.