Comerica Bank Lowers Stock Holdings in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Comerica Bank cut its stake in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 2.6% in the 4th quarter, Holdings Channel reports. The fund owned 45,119 shares of the real estate investment trust’s stock after selling 1,198 shares during the quarter. Comerica Bank’s holdings in Retail Opportunity Investments were worth $783,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ROIC. Barclays PLC lifted its holdings in shares of Retail Opportunity Investments by 316.7% during the third quarter. Barclays PLC now owns 211,816 shares of the real estate investment trust’s stock worth $3,331,000 after purchasing an additional 160,981 shares during the period. Blue Trust Inc. grew its holdings in Retail Opportunity Investments by 19.8% during the fourth quarter. Blue Trust Inc. now owns 12,515 shares of the real estate investment trust’s stock worth $217,000 after acquiring an additional 2,070 shares during the period. KBC Group NV raised its position in 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 worth $105,000 after acquiring an additional 2,053 shares in the last quarter. Foundations Investment Advisors LLC boosted its position in shares of Retail Opportunity Investments by 11.5% during the 4th quarter. Foundations Investment Advisors LLC now owns 13,820 shares of the real estate investment trust’s stock worth $240,000 after purchasing an additional 1,421 shares in the last quarter. Finally, abrdn plc boosted its position in shares of Retail Opportunity Investments by 70.9% during the 4th quarter. abrdn plc now owns 42,415 shares of the real estate investment trust’s stock worth $736,000 after purchasing an additional 17,603 shares in the last quarter. 97.16% of the stock is owned by hedge funds and other institutional investors.

Retail Opportunity Investments Trading Up 0.1%

Shares of ROIC opened at $17.51 on Wednesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.92 and a quick ratio of 1.92. Retail Opportunity Investments Corp. has a 1-year low of $11.87 and a 1-year high of $17.52. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 38.07 and a beta of 1.45. The firm has a 50 day simple moving average of $17.51 and a 200-day simple moving average of $17.38.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Retail Opportunity Investments in a research report on Tuesday. They set a “hold” rating for the company. One analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus 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.