Amundi Grows Holdings in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Amundi raised its position in Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 44.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 131,511 shares of the real estate investment trust’s stock after purchasing an additional 40,458 shares during the period. Amundi’s holdings in Retail Opportunity Investments were worth $2,287,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC purchased a new position in Retail Opportunity Investments in the 4th quarter valued at about $395,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Retail Opportunity Investments by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,379,547 shares of the real estate investment trust’s stock worth $41,309,000 after acquiring an additional 32,429 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of Retail Opportunity Investments by 188.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 5,270 shares of the real estate investment trust’s stock worth $92,000 after acquiring an additional 3,440 shares during the period. Metis Global Partners LLC lifted its holdings in shares of Retail Opportunity Investments by 11.4% during the 4th quarter. Metis Global Partners LLC now owns 14,619 shares of the real estate investment trust’s stock worth $254,000 after acquiring an additional 1,492 shares during the period. Finally, New York Life Investment Management LLC purchased a new position in shares of Retail Opportunity Investments during the 4th quarter worth about $6,389,000. 97.16% of the stock is currently owned by hedge funds and other institutional investors.

Retail Opportunity Investments Trading Up 0.1 %

NASDAQ ROIC opened at $17.51 on Tuesday. Retail Opportunity Investments Corp. has a one year low of $11.87 and a one year high of $17.52. The company’s 50 day moving average price is $17.47 and its 200 day moving average price is $16.81. 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 market capitalization of $2.26 billion, a price-to-earnings ratio of 38.07 and a beta of 1.45.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Retail Opportunity Investments in a report on Tuesday. They set a “hold” rating on the stock. One 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.com, the stock has an average 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.