Geode Capital Management LLC Has $56.90 Million Position in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Geode Capital Management LLC cut its position in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 0.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,277,049 shares of the real estate investment trust’s stock after selling 13,924 shares during the quarter. Geode Capital Management LLC’s holdings in Retail Opportunity Investments were worth $56,902,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc lifted its position in shares of Retail Opportunity Investments by 117.8% in the 4th quarter. Versant Capital Management Inc now owns 3,572 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 1,932 shares during the period. Smartleaf Asset Management LLC lifted its position in Retail Opportunity Investments by 188.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 5,270 shares of the real estate investment trust’s stock worth $92,000 after purchasing an additional 3,440 shares during the period. KBC Group NV boosted its stake 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 buying an additional 2,053 shares in the last quarter. GAMMA Investing LLC increased its holdings in Retail Opportunity Investments by 8.9% in the 4th quarter. GAMMA Investing LLC now owns 10,183 shares of the real estate investment trust’s stock valued at $177,000 after buying an additional 832 shares during the period. Finally, Cibc World Markets Corp acquired a new position in shares of Retail Opportunity Investments in the 4th quarter valued at $201,000. 97.16% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Retail Opportunity Investments in a research note on Friday. They issued a “hold” rating on the stock. One 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, the company presently has a consensus rating of “Hold” and an average target price of $16.20.

Retail Opportunity Investments Stock Up 0.1 %

Shares of NASDAQ:ROIC opened at $17.51 on Monday. The company has a market capitalization of $2.26 billion, a PE ratio of 38.07 and a beta of 1.45. 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 company’s fifty day moving average is $17.51 and its 200-day moving average is $17.11. 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.