State of New Jersey Common Pension Fund D Cuts Stock Holdings in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

State of New Jersey Common Pension Fund D trimmed its holdings in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC - Free Report) by 51.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 owned 0.25% of Retail Opportunity Investments worth $5,551,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. International Assets Investment Management LLC lifted its holdings in shares of 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 purchasing an additional 1,753 shares during the period. Allworth Financial LP raised its position in Retail Opportunity Investments by 4,320.3% during the 3rd quarter. Allworth Financial LP now owns 3,271 shares of the real estate investment trust's stock worth $51,000 after purchasing an additional 3,197 shares during the last quarter. Versant Capital Management Inc lifted its holdings in Retail Opportunity Investments by 117.8% during 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 period. Mirae Asset Global Investments Co. Ltd. grew its position 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 valued at $77,000 after buying an additional 1,289 shares during the last quarter. Finally, KBC Group NV increased its stake in shares of Retail Opportunity Investments by 51.7% in the fourth quarter. KBC Group NV now owns 6,026 shares of the real estate investment trust's stock valued at $105,000 after buying an additional 2,053 shares during the period. 97.16% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ROIC has been the topic of a number of recent analyst reports. 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 objective on the stock. KeyCorp lowered shares of Retail Opportunity Investments from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, November 5th. Raymond James cut shares of Retail Opportunity Investments from an "outperform" rating to a "market perform" rating in a research report on Wednesday, October 30th. Robert W. Baird restated a "neutral" rating and issued a $17.50 target price (up previously from $16.00) on shares of Retail Opportunity Investments in a report on Thursday, November 7th. Finally, StockNews.com began coverage on Retail Opportunity Investments in a report on Friday, February 14th. They set a "hold" rating for the company. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $16.20.

Retail Opportunity Investments Stock Up 0.1 %

ROIC traded up $0.02 during midday trading on Friday, hitting $17.51. The company had a trading volume of 6,049,675 shares, compared to its average volume of 1,467,676. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of 38.07 and a beta of 1.45. The stock's 50 day moving average price is $17.43 and its 200 day moving average price is $16.54. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 1.04. Retail Opportunity Investments Corp. has a 52 week low of $11.87 and a 52 week high of $17.52.

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.