368,056 Shares in Retail Opportunity Investments Corp. (NASDAQ:ROIC) Purchased by New York Life Investment Management LLC

New York Life Investment Management LLC acquired a new position in Retail Opportunity Investments Corp. (NASDAQ:ROIC) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 368,056 shares of the real estate investment trust’s stock, valued at approximately $6,389,000. New York Life Investment Management LLC owned approximately 0.29% of Retail Opportunity Investments as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in ROIC. International Assets Investment Management LLC lifted its holdings in Retail Opportunity Investments by 1,473.1% in the 3rd quarter. International Assets Investment Management LLC now owns 1,872 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 1,753 shares in the last quarter. Allworth Financial LP lifted its holdings in Retail Opportunity Investments by 4,320.3% in the 3rd quarter. Allworth Financial LP now owns 3,271 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 3,197 shares in the last quarter. Versant Capital Management Inc lifted its holdings in 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 valued at $62,000 after purchasing an additional 1,932 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in 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 purchasing an additional 1,289 shares in the last quarter. Finally, KBC Group NV lifted its holdings in Retail Opportunity Investments by 51.7% in the 4th quarter. KBC Group NV now owns 6,026 shares of the real estate investment trust’s stock valued at $105,000 after purchasing an additional 2,053 shares in the last quarter. 97.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ROIC has been the topic of a number of recent research reports. Robert W. Baird restated a “neutral” rating and issued a $17.50 target price (up from $16.00) on shares of Retail Opportunity Investments in a report on Thursday, November 7th. Baird R W lowered shares of Retail Opportunity Investments from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. KeyCorp lowered shares of Retail Opportunity Investments from an “overweight” rating to a “sector weight” rating in a report on Tuesday, November 5th. StockNews.com started coverage on shares of Retail Opportunity Investments in a report on Saturday, February 22nd. They set a “hold” rating on the stock. Finally, BMO Capital Markets increased their price objective on shares of Retail Opportunity Investments from $17.00 to $17.50 and gave the stock a “market perform” rating in a report on Friday, November 8th. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $16.20.

Retail Opportunity Investments Stock Up 0.1 %

ROIC opened at $17.51 on Friday. The firm has a 50 day moving average price of $17.44 and a 200 day moving average price of $16.62. The company has a market cap of $2.26 billion, a PE ratio of 38.07 and a beta of 1.45. Retail Opportunity Investments Corp. has a 1 year low of $11.87 and a 1 year high of $17.52. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.92 and a current ratio of 1.92.

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.