Entropy Technologies LP Buys Shares of 26,670 Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Entropy Technologies LP purchased a new stake in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 26,670 shares of the real estate investment trust’s stock, valued at approximately $463,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ROIC. GAMMA Investing LLC raised its stake in shares of 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 acquiring an additional 832 shares during the period. Creative Planning boosted its position in shares of Retail Opportunity Investments by 6.7% during the third quarter. Creative Planning now owns 18,988 shares of the real estate investment trust’s stock worth $299,000 after buying an additional 1,194 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Retail Opportunity Investments by 35.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,947 shares of the real estate investment trust’s stock valued at $77,000 after buying an additional 1,289 shares during the period. Public Employees Retirement System of Ohio raised its holdings in shares of Retail Opportunity Investments by 0.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 183,780 shares of the real estate investment trust’s stock valued at $2,891,000 after buying an additional 1,400 shares during the period. Finally, Foundations Investment Advisors LLC boosted its holdings in 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 valued at $240,000 after acquiring an additional 1,421 shares during the period. 97.16% of the stock is currently owned by institutional investors and hedge funds.

Retail Opportunity Investments Stock Performance

Shares of Retail Opportunity Investments stock opened at $17.49 on Thursday. The firm’s fifty day simple moving average is $17.42 and its 200-day simple moving average is $16.44. Retail Opportunity Investments Corp. has a 12 month low of $11.87 and a 12 month high of $17.52. The stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of 38.02 and a beta of 1.45. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.92 and a quick ratio of 1.92.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ROIC. Robert W. Baird restated a “neutral” rating and issued a $17.50 price objective (up previously from $16.00) on shares of Retail Opportunity Investments in a report on Thursday, November 7th. KeyCorp downgraded Retail Opportunity Investments from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, November 5th. Raymond James cut shares of Retail Opportunity Investments from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 30th. Baird R W downgraded shares of Retail Opportunity Investments from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, Bank of America assumed coverage on shares of Retail Opportunity Investments in a research note on Thursday, October 24th. They set an “underperform” rating and a $14.00 target price for the company. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target 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.