ClearAlpha Technologies LP Buys New Position in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

ClearAlpha Technologies LP purchased a new position in Retail Opportunity Investments Corp. (NASDAQ:ROIC) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 119,767 shares of the real estate investment trust’s stock, valued at approximately $2,079,000. Retail Opportunity Investments accounts for 1.4% of ClearAlpha Technologies LP’s portfolio, making the stock its 20th biggest holding. ClearAlpha Technologies LP owned about 0.09% of Retail Opportunity Investments at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Natixis Advisors LLC boosted its stake in shares of Retail Opportunity Investments by 2.5% in the fourth quarter. Natixis Advisors LLC now owns 26,197 shares of the real estate investment trust’s stock valued at $455,000 after purchasing an additional 648 shares during the period. Summit Investment Advisors Inc. grew its stake in shares of Retail Opportunity Investments by 5.9% during the fourth quarter. Summit Investment Advisors Inc. now owns 12,967 shares of the real estate investment trust’s stock valued at $225,000 after acquiring an additional 728 shares in the last quarter. Mariner LLC grew its stake in shares of Retail Opportunity Investments by 7.2% during the fourth quarter. Mariner LLC now owns 11,778 shares of the real estate investment trust’s stock valued at $204,000 after acquiring an additional 795 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Retail Opportunity Investments by 8.9% during the fourth quarter. GAMMA Investing LLC now owns 10,183 shares of the real estate investment trust’s stock worth $177,000 after acquiring an additional 832 shares during the last quarter. Finally, Bank of Montreal Can lifted its stake in shares of Retail Opportunity Investments by 6.5% in the fourth quarter. Bank of Montreal Can now owns 14,426 shares of the real estate investment trust’s stock worth $250,000 after acquiring an additional 884 shares in the last quarter. Institutional investors and hedge funds own 97.16% of the company’s stock.

Retail Opportunity Investments Trading Up 0.1 %

Shares of NASDAQ ROIC opened at $17.51 on Monday. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 1.04. The stock’s 50 day moving average price is $17.51 and its two-hundred day moving average price is $17.18. 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 capitalization of $2.26 billion, a P/E ratio of 38.07 and a beta of 1.45.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Retail Opportunity Investments in a report on Saturday. They set a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company. According to MarketBeat, the stock currently has an average 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.