Retail Opportunity Investments Corp. (NASDAQ:ROIC) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas trimmed its holdings in Retail Opportunity Investments Corp. (NASDAQ:ROICFree Report) by 46.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,633 shares of the real estate investment trust’s stock after selling 42,323 shares during the quarter. Teacher Retirement System of Texas’ holdings in Retail Opportunity Investments were worth $602,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its holdings in shares of Retail Opportunity Investments by 0.9% in the first quarter. Bank of New York Mellon Corp now owns 1,719,813 shares of the real estate investment trust’s stock worth $33,347,000 after buying an additional 15,741 shares during the period. MetLife Investment Management LLC boosted its holdings in shares of Retail Opportunity Investments by 53.7% in the first quarter. MetLife Investment Management LLC now owns 64,279 shares of the real estate investment trust’s stock worth $1,246,000 after buying an additional 22,459 shares during the period. Rhumbline Advisers boosted its holdings in shares of Retail Opportunity Investments by 4.2% in the first quarter. Rhumbline Advisers now owns 362,689 shares of the real estate investment trust’s stock worth $7,033,000 after buying an additional 14,577 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Retail Opportunity Investments by 14.1% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 104,679 shares of the real estate investment trust’s stock worth $2,030,000 after buying an additional 12,906 shares during the period. Finally, Great West Life Assurance Co. Can boosted its holdings in shares of Retail Opportunity Investments by 1.0% in the first quarter. Great West Life Assurance Co. Can now owns 202,270 shares of the real estate investment trust’s stock worth $4,043,000 after buying an additional 2,020 shares during the period. 97.16% of the stock is owned by institutional investors and hedge funds.

Retail Opportunity Investments Stock Performance

ROIC stock opened at $13.59 on Thursday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 4.13 and a current ratio of 4.13. The stock has a market cap of $1.71 billion, a P/E ratio of 46.86, a P/E/G ratio of 8.01 and a beta of 1.45. The firm has a 50 day simple moving average of $13.70 and a 200 day simple moving average of $13.27. Retail Opportunity Investments Corp. has a 52 week low of $10.98 and a 52 week high of $16.37.

Analyst Ratings Changes

Several brokerages have commented on ROIC. StockNews.com cut shares of Retail Opportunity Investments from a “hold” rating to a “sell” rating in a report on Friday, January 19th. KeyCorp upgraded shares of Retail Opportunity Investments from a “sector weight” rating to an “overweight” rating and set a $16.00 target price for the company in a report on Friday, January 5th. Finally, Bank of America cut shares of Retail Opportunity Investments from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $15.00 to $13.00 in a report on Monday, November 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Retail Opportunity Investments currently has a consensus rating of “Hold” and an average target price of $15.00.

Read Our Latest Stock Report on ROIC

About Retail Opportunity Investments

(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 September 30, 2023, ROIC owned 93 shopping centers encompassing approximately 10.6 million square feet.

See Also

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Institutional Ownership by Quarter for Retail Opportunity Investments (NASDAQ:ROIC)

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