Blue Trust Inc. Trims Holdings in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Blue Trust Inc. reduced its position in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 68.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,315 shares of the real estate investment trust’s stock after selling 7,130 shares during the period. Blue Trust Inc.’s holdings in Retail Opportunity Investments were worth $58,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC grew its position in 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 purchasing an additional 1,753 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Retail Opportunity Investments by 1.3% in the 3rd quarter. Principal Financial Group Inc. now owns 6,107,593 shares of the real estate investment trust’s stock valued at $96,072,000 after acquiring an additional 75,803 shares in the last quarter. Citigroup Inc. lifted its stake in Retail Opportunity Investments by 73.9% in the 3rd 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 in the last quarter. Entropy Technologies LP purchased a new position in Retail Opportunity Investments during the fourth quarter valued at approximately $463,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Retail Opportunity Investments by 3.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,347,118 shares of the real estate investment trust’s stock worth $36,920,000 after acquiring an additional 85,037 shares in the last quarter. 97.16% of the stock is owned by institutional investors and hedge funds.

Retail Opportunity Investments Stock Performance

NASDAQ ROIC opened at $17.51 on Tuesday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.92 and a current ratio of 1.92. The firm has a 50-day moving average of $17.43 and a 200-day moving average of $16.59. Retail Opportunity Investments Corp. has a 52-week low of $11.87 and a 52-week high of $17.52. The stock has a market cap of $2.26 billion, a PE ratio of 38.07 and a beta of 1.45.

Analysts Set New Price Targets

ROIC has been the topic of several analyst reports. Robert W. Baird reissued a “neutral” rating and set a $17.50 target price (up from $16.00) on shares of Retail Opportunity Investments in a research report on Thursday, November 7th. Baird R W downgraded Retail Opportunity Investments from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. KeyCorp cut shares of Retail Opportunity Investments from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, November 5th. Raymond James downgraded shares of Retail Opportunity Investments from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 30th. Finally, BMO Capital Markets lifted their price target on Retail Opportunity Investments from $17.00 to $17.50 and gave the company a “market perform” rating in a report on Friday, November 8th. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $16.20.

About Retail Opportunity Investments

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.