Nisa Investment Advisors LLC Trims Stake in Retail Opportunity Investments Corp. (NASDAQ:ROIC)

Nisa Investment Advisors LLC lessened its position in shares of Retail Opportunity Investments Corp. (NASDAQ:ROICFree Report) by 9.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 33,805 shares of the real estate investment trust’s stock after selling 3,432 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Retail Opportunity Investments were worth $592,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC grew its position in shares of Retail Opportunity Investments by 1,473.1% during the third quarter. International Assets Investment Management LLC now owns 1,872 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 1,753 shares during the last quarter. Allworth Financial LP boosted its stake in Retail Opportunity Investments by 4,320.3% during the 3rd quarter. Allworth Financial LP now owns 3,271 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 3,197 shares during the period. Versant Capital Management Inc boosted its stake in 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 purchasing an additional 1,932 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in Retail Opportunity Investments by 35.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,947 shares of the real estate investment trust’s stock worth $77,000 after purchasing an additional 1,289 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. increased its stake in Retail Opportunity Investments by 78.1% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 7,122 shares of the real estate investment trust’s stock valued at $112,000 after purchasing an additional 3,124 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 $17.47 on Wednesday. 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. The stock has a fifty day moving average price of $17.40 and a two-hundred day moving average price of $16.13. The stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of 37.98 and a beta of 1.46.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ROIC. Raymond James lowered Retail Opportunity Investments from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 30th. BMO Capital Markets boosted their target price on Retail Opportunity Investments from $17.00 to $17.50 and gave the company a “market perform” rating in a report on Friday, November 8th. Robert W. Baird reaffirmed a “neutral” rating and set a $17.50 price target (up from $16.00) on shares of Retail Opportunity Investments in a report on Thursday, November 7th. Baird R W cut shares of Retail Opportunity Investments from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, Bank of America started coverage on shares of Retail Opportunity Investments in a research note on Thursday, October 24th. They issued an “underperform” rating and a $14.00 target price for the company. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $16.20.

Get Our Latest Analysis on Retail Opportunity Investments

Retail Opportunity Investments Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Retail Opportunity Investments (NASDAQ:ROIC)

Receive News & Ratings for Retail Opportunity Investments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Retail Opportunity Investments and related companies with MarketBeat.com's FREE daily email newsletter.