Marshall Wace LLP Sells 112,349 Shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Marshall Wace LLP reduced its position in Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 77.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 32,042 shares of the real estate investment trust’s stock after selling 112,349 shares during the period. Marshall Wace LLP’s holdings in Retail Opportunity Investments were worth $556,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc increased its holdings in shares of Retail Opportunity Investments by 117.8% during 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 last quarter. Sterling Capital Management LLC raised its position in shares of Retail Opportunity Investments by 802.1% in the fourth quarter. Sterling Capital Management LLC now owns 3,906 shares of the real estate investment trust’s stock valued at $68,000 after purchasing an additional 3,473 shares during the period. Smartleaf Asset Management LLC raised its position in shares of 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 valued at $92,000 after purchasing an additional 3,440 shares during the period. KBC Group NV lifted its stake in shares of Retail Opportunity Investments by 51.7% during the 4th 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 during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Retail Opportunity Investments by 8.9% during the 4th quarter. GAMMA Investing LLC now owns 10,183 shares of the real estate investment trust’s stock worth $177,000 after buying an additional 832 shares during the period. Institutional investors and hedge funds own 97.16% of the company’s stock.

Retail Opportunity Investments Stock Performance

NASDAQ ROIC opened at $17.51 on Friday. Retail Opportunity Investments Corp. has a 12-month low of $11.87 and a 12-month high of $17.52. The firm has a 50-day moving average price of $17.51 and a two-hundred day moving average price of $17.29. The company has a market capitalization of $2.26 billion, a P/E ratio of 38.07 and a beta of 1.45. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 1.04.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Retail Opportunity Investments in a research report on Sunday, April 27th. They set a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. According to data from MarketBeat, Retail Opportunity Investments currently has an average rating of “Hold” and a consensus target price of $16.20.

Retail Opportunity Investments Company 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.